In line with the theory of value, which is now widely accepted in accounting, the balance sheet should accurately reflect equity value. We do this by disclosing intangible financial assets in the financial statements at fair value or market value.

The periodic impairment test is another reason for the valuation using a conservative and rational approach.

We estimate:

• stocks and shares of public and private companies, including start-ups
• managerial and employee options,
• intangible assets of all kinds.