Gesvalt, as a leading company in the valuation of intangible assets, offers intellectual property valuation services, including patents, brands, software, business secrets, real rights, etc. aimed at giving professional advice that provides the client with solutions and strategies that serve as support in making strategic, accounting, tax-related, financial and legal decisions.
VALUATION OF TRADEMARKS
What are they?
They are signs that can be used to distinguish products and services. Trademarks may be denominative, graphic, mixed, three-dimensional and sound.
What functions do they fulfil?
They allow to identify the product or service, obtain legal protection and support business strategy.
Why are they important?
They are an identity sign, an indicator of quality, allow the differentiation of the product or service, advertise the firm and act as reputation guarantors.
Reasons for a trademark valuation
- Strategic: Royalties, franchises, licences, total or partial transfer
- Accounting: Recording in the balance sheet, Purchase Price Allocation (PPA), impairment test
- Taxation: Transfer prices, deferred payment securities
- Financing: Mortgage loans secured with pledged collateral
- Legal: Litigation, loss of profit
PURCHASE PRICE ALLOCATION (PPA)
What is it?
It is the process through which the purchase price of assets acquired and related liabilities is allocated based on their fair value at the date of acquisition, with the amount pending allocation being recorded as goodwill, as set out in IFRS 3 and IAS 38.
Why are they important?
These are complex processes with numerous impacts on balance sheets, P&L accounts, financial ratios and volatility after the merger. Therefore, it is essential to know and quantify the future impact of the business combination.
What is the added value provided by Gesvalt in these processes?
We have extensive experience in the conduct of PPA processes, complying with the applicable regulations, understanding, streamlining and optimizing the process and covering all types of assets involved in the transaction (tangible, intangible and financial). All of this enables us to provide professional solutions to the needs of both our clients and their audit companies.
The works are carried out by multidisciplinary teams, experts in different areas, with extensive knowledge of the sector, business and auditor-client needs, with availability to provide national and international coverage.
VALUATION OF PHARMACY GOODWILL
Before a potential sale as a result of retirement, search for a new location, acquisition by new pharmacy graduates, or other reasons, it is necessary to know the value of the pharmacy’s main asset: its goodwill, for the purposes of the transaction.
What is Pharmacy Goodwill?
It is the set of intangible assets (licence, customers, know how, reputation, etc.) owned by the pharmacy shop.
What is it used for?
As previously mentioned, it is essential to determine the price of the transaction, but most commonly it is requested to determine its value for the purposes of mortgage loans secured with pledged collateral.
Its value is usually higher than that of the tangible asset, and therefore the financing of these transactions is usually carried out with the contribution of these assets to secure the loan.
Why choose Gesvalt?
Our company has a long-term tradition in the valuation of pharmacies, located in both urban and rural environments and with various typologies (in commercial areas, in residential neighbourhoods, in shopping centres, etc.), being familiar with the demands of clients who request this type of reports (financial institutions, pharmacy graduates, brokers and consultants.)
VALUATION OF CONCESSIONS
Concessions are grants of the right of use of property for a given period of time.
Fundamentally, they apply to infrastructures and distribution networks that require multiple coordinated services.
What are Administrative Concessions?
They are concessions whose purpose is the management of public-owned property, through the use, exploitation, operation of facilities and terminals, or construction of works in order to guarantee the provision of essential services for the citizens.
They require the cooperation of a private entity that executes a public work, manages a public service or takes advantage of public-owned property.
Why request the valuation of a concession?
These types of report are usually requested to determine the value for the purpose of a transfer, tender, determination of the market fee, litigation or financial guarantees.
Why choose Gesvalt?
Our company has a team of expert engineers, architects, accountants and financial experts with deep knowledge of the different sectors and businesses, all of them being familiar with regulatory compliance and understanding, optimising and streamlining processes, providing service coverage at the national and international level.
A tax incentive is a reduction in the payment of specific tax obligations, granted to taxpayers to promote the conduct of certain activities considered of interest by the public sector.
What is the Patent Box?
It is an EU tax incentive regime to promote the development of R&D and innovation activities within the private sector. It is regulated through article 23 of Act 16/2007 (Corporate Tax Act).
What does it consist of?
The Patent Box regime enables a 60% reduction in the net income (income less expenses) obtained by the transfer of the right to use or exploit an asset of intangible nature (patents, drawings or models, plans, formulas or secret procedures, in addition to rights over information relating to industrial, commercial or scientific experiences).
How is it applied?
At Gesvalt, we take the steps in the accreditation process required for this type of operations before the Tax Administration.
- Identifying intangible assets and their costs
- Calculating transfer prices (in accordance with the methodology recognized by the Tax Administration)
- Verifying the existence of a properly documented licensing agreement
- Preparing the justification report for the Tax Administration
- Providing support for tax inspections relating to these operations.
Why turn to Gesvalt?
Improper application may result in fines of up to 50% of the amount subject to deduction. For this reason, it is advisable to get advice before opting for the application of this incentive.