Liquid provides fully scoped valuations to assist both our private and public sector clients establish asset fair values for the purpose of inclusion in financial statements. Asset valuations are undertaken with reference to Australian Accounting Standards (i.e. AASB 13 Fair Value and AASB 116 Property, Plant and Equipment) and International Valuation Standards.


Other valuation inputs may also be derived from relevant Government policies and guidelines.

It is recognised valuations conducted within the regulatory framework of local standards may be subject to audit by external independent entities and valuation outcomes are utilised to assist a range of users in;

  • Making and evaluating decisions about the allocation of resources by the entity;
  • Assessing the financial performance of the entity; and
  • Discharging managerial accountability.

Liquid’s projects cover a broad range of asset types and portfolios including

  • Correctional Services – Prisons and Youth Detention Facilities
  • Educational – Universities, schools and child care centres
  • Police – Full portfolio valuations of police asset base including land, buildings, plant, marine and training assets.
  • Courts – Local Courts, District Courts, Supreme Courts, Federal Courts, Youth Courts, holding cells, legal libraries and paraphernalia.
  • Health – Public and private hospitals, nursing homes, medical centres and research facilities
  • Emergency Services – Fire Stations, country fire services, state emergency facilities, ambulance stations
  • Agricultural and Aquaculture – Research facilities, rural land holdings, aquaculture farms, hatcheries and licenses
  • Marine – Land and water based assets, harbours, marinas, commercial boats, aids to navigation including light houses, jetties, boat ramps and associated launch equipment, commercial and domestic berths, inter alia.
  • Transport Infrastructure – Train stations, airports, bus terminals, road networks, rail networks, bridges and overpasses, transport vehicles and accessories
  • Community Networks – Remote area electricity networks, town water supply and sewer networks, country and metropolitan road networks and infrastructure
  • National Parks – State and Federal land portfolios, arboretums, community open space
  • Sport – Olympic facilities including velodromes, football arenas, national sporting stadia, rifle ranges, international swimming complexes, track and field stadia, outdoor and indoor basketball and netball complexes, rowing courses
  • Entertainment – Casino’s, entertainment centres, convention centres, State theatres and plant and equipment

Liquid adds-value to all projects by providing advice on

  • Fair value
  • Insurance value
  • Componentisation (refer below)
  • Disclosure requirements (i.e. Input hierarchy)
  • Accumulated depreciation
  • Annual depreciation
  • Sensitivity analysis
  • Depreciation methodologies
  • Effective life categorisation
  • Residual life estimates
  • Gross values


Australian Accounting Standard 116 (AASB 116) promotes the concept of componentisation. Simply put; depreciation is applied to an asset on a component basis. That is, each part of an item of property, plant and equipment with a value significant in relation to the total value of the parent asset is depreciated separately. The depreciable amount of an asset is allocated on a systematic basis over the useful life of the asset. Liquid Pacific can assist clients discern what items of an asset are singularly significant (i.e. air-conditioning systems), the estimated current cost of the component item, its total useful life at the time of reporting and its remaining service potential.

To discuss your firm’s or Department’s portfolio or individual asset requirements contact Martin Burns, Liquid’s National Director of Valuations p: 1300 150 000, to initiate your next valuation project.

Relevant Accounting Standards for Asset Valuation

  • AASB 13            Fair Value,
  • AASB 116             Property Plant and Equipment,
  • AASB 5 Non-current Assets Held for Sale and Discontinued Operations
  • AASB 140 Investment Property
  • AASB 141 Agriculture (Biological Assets)
  • AASB 136 Impairment
  • AASB 16 Leases
  • AASB 138 Intangible Assets
  • AASB 1056 Superannuation Entities
  • AASB 1051 Land Under Roads

You can download current accounting standards for free by going to the AASB website

Relevant International Valuation Standards for Asset Valuation

  • IVS 104 Bases of Value
  • IVS 105 Valuation Approaches and Methods
  • IVS 200 Business and Business Interests
  • IVS 210 Intangible Assets
  • IVS 300 Plant and Equipment
  • IVS 400 Real Property Interests
  • IVS 410 Development Property


International valuation standards can be purchased from the International Valuation Standards Council’s website


Phone: 1300 150 000


International: 02 9025 3788

Social Media