Financing of investments in intangible assets - Английский язык - Презентации

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Financing of investments in intangible assets

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Topic: Financing of investments Topic: Financing of investments in intangible assetsin intangible assets • 1. Intangible assets, their role and structure • 2. Intangible asset as an object of investment • 3. Evaluation of intangible assets and the concept of "goodwill" wwww.arxiv.uz

Classification of investmentsClassification of investments in financial assets in financial assets in non-financial assets in non-financial assets in intangible assets in intangible assets in real assets in real assets wwww.arxiv.uz

Intangible Intangible assets assets • the right to use and intellectual property having a value and belonging to the company as property rights and as a rule, yielding wwww.arxiv.uz

For example, intangible For example, intangible assets may be:assets may be: • Trademarks; • Brands; • Copyrights; • Land use rights; • Patents; • Licenses; • Software, etc. • and also include certain types of research, development (R&D) and design work. wwww.arxiv.uz

Investment in intangible assets primarily Investment in intangible assets primarily involves innovative investment and carried involves innovative investment and carried out in two basic forms:out in two basic forms: • - In the form of the acquisition of finished scientific and technical products, patents for scientific discoveries, inventions, trademarks etc.; • - By means of self-development of scientific and technical products. wwww.arxiv.uz

The intangible assets include assets that The intangible assets include assets that meet the following requirements:meet the following requirements: wwww.arxiv.uz

The first economic studies about intangible assets have appeared in the 30- ies of XX century. As for the accounting concept of intangible assets, the first regulatory document in which such assets appear was accounting bulletin "Amortization of intangible assets" of the Committee on Methods of accounting of the American Institute of Accountants, published in 1944. Later, intangible assets are featured in the international financial reporting standards: first in IFRS 9, "The costs of research and development", and then in the IFRS 38 "Intangible Assets". wwww.arxiv.uz

Intangible assets conveniently classified by relation with Intangible assets conveniently classified by relation with other elements of the business. For instance, R. Reilly and other elements of the business. For instance, R. Reilly and R. Shvays in their monograph allocate ten types of intangible R. Shvays in their monograph allocate ten types of intangible assets:assets: wwww.arxiv.uz

Classification of intangible assets by R. Reilly and Classification of intangible assets by R. Reilly and R. Shvays :R. Shvays : wwww.arxiv.uz

Intangible assets of the company may Intangible assets of the company may come in different ways:come in different ways: wwww.arxiv.uz

 A special type of intangible assets is a "firm price". This term reflects the level of enterprise goodwill, which is revealed when purchased at a price greater than the value of its assets on the balance sheet. For example, the real value of a business 1 billion sum, the selling price of a business 1.5 billion sum, the difference in the amount of 0.5 billion sum is taken into account, the buyer is included in intangible assets. There is a discrepancy between the two value of intangible assets, because the fact that the price at which the intangible assets are registered, most often based on the amount of the costs associated with the creation of an intangible asset. But this approach of poorly applicable to the valuation of intangible assets. The market value of an intangible ass

• A significant difference between a real value and a book value of intangible assets is typical for Western companies. To illustrate, consider two companies that have almost been associated with the concept of "intangible assets" - it's Google and Microsoft. wwww.arxiv.uz

• Some indicators of Microsoft and Google on 31.12.2010 Microsoft Corporation Google Inc. Absolute value In% of the capitalization of Absolute value In% of the capitalization of Assets of all, billion $ 61.17 18.54 25.33 11.68 Intangible assets, billion $ 1.72 0.52 0.45 0.21 The goodwill of merged companies, billion $ 10.31 3.12 2.30 1.06 Capitalization, billion $ 330 100 217 100 wwww.arxiv.uz

• A significant excess of the capitalization of the value of tangible assets (according to the table, tangible assets make up only 18.5% and 11.7% of capitalization) suggests that the primary value of both companies accounted for by non- material component. Balance does show the opposite side, which suggests that in terms of IFRS book value of intangible assets does not reflect their real value. wwww.arxiv.uz

The sources of financing the The sources of financing the acquisition of intangible assets acquisition of intangible assets are as follows:are as follows: wwww.arxiv.uz

GoodwillGoodwill • Goodwill (goodwill) is a particular intangible asset. In general goodwill - is that part of the cost of the company for which the current market value of the company exceeds the sum of its tangible and identified intangible assets. wwww.arxiv.uz

There are several distinct There are several distinct components of goodwill:components of goodwill: • the existence of assets and their willingness to use. These are a management of a company, the availability of staff, the availability of assets; • having a positive economic profit. Under the positive economic income is understood the excess of income over the consumed resources; • value created synergies in mergers and acquisitions; • expectations of future events that are not directly related with the current activities of the company; • Finally, when analyzing the value of assets of the business, the value of intangible assets, which are in the process of analysis could not be identified separately, will be including to the cost of goodwill. wwww.arxiv.uz

• IFRS 22 "Business Combinations" recommends to count goodwill as the difference between the acquisition cost (investment), and the investor's share of the evaluated value of the identified intangible assets and liabilities acquired as at the date of the transaction. That is the positive difference called goodwill and recognized as an asset in the balance sheet. wwww.arxiv.uz

Thank you for your attention! wwww.arxiv.uz

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