Fair Value Assessment conforming to SLFRS/IFRS
Fair Value Assessment is like estimating the actual selling price of a company’s building, shares, or equipment based on market conditions. For example, it’s used when valuing assets for financial reports or mergers to ensure transparency.
Fair Value Assessment involves determining the Fair Value of an asset or liability in a way that conforms to the principles and guidelines set forth by IFRS and SLFRS. Financial reporting is a critical aspect in a company as it has to ensure that financial statements accurately reflect the true value of assets and liabilities. So, assessment of Fair Value for financial reporting purpose is a vital process that ensures financial statements provide a true and fair view of a company’s financial position and performance. It enables stakeholders to make informed decisions based on reliable and transparent financial information.
This valuation must be carried out in compliance with the both Sri Lanka Accounting Standards and International Financial Reporting Standards along with the International Valuation Standards.
By adhering to the given standards, it ensures that Fair Value assessments provides a true and fair view of an entity’s financial position, enhancing comparability and reliability of financial information.
Working with an RICS Regulated Firm? What Does RICS Regulation Actually Mean to You?
We adhere to international standards, ensuring consistent, high-quality services trusted by clients and stakeholders worldwide.
Our actions reflect honesty and strong ethical values, fostering trust and long-lasting relationships.
Our team possesses the expertise and qualifications needed to deliver reliable and proficient services.
We handle potential conflicts openly, ensuring fairness and impartiality in all our dealings.
We prioritize the safety of client funds, implementing robust measures to ensure their protection at all times.
Our financial management practices are disciplined and transparent, reflecting professionalism and accountability.
We ensure comprehensive professional indemnity coverage, offering security and peace of mind for our clients.
We address grievances with impartiality and efficiency, ensuring all concerns are resolved to the highest standard of fairness.
Core Values
Assured Quality
We offer RICS-compliant property investment consulting services that uphold client confidentiality and transparent reporting while adhering to the highest ethical standards. We follow RICS Valuation - Global Standards 2022 (the "Red Book") - Integrating International Valuation Standards in all of our services.
High Standard of Services
We maintain high standards in reporting and approval procedures and utilize our professional network, industry expertise, and trustworthy in-house database to deliver high-quality services that match our client's expectations.
Expert Knowledge
Chartered valuation consultants with more than 30 years of expertise in property valuation and counseling make up our team. We have devoted experts working to give our customers the highest possible satisfaction through the provision of top-notch services.
Speedy Delivery
Our capacity to deliver is a result of our managerial know-how and cutting-edge technology, which allows us to build comprehensive data base for market analysis. Our professionals are highly skilled and experienced in all aspects of real estate investing.
Trust & Integrity
We have gained the respect and confidence of leading banks, financing businesses, accounting firms, and private individuals in Sri Lanka and also overseas of our real estate service's foundation in trust, ethics, and professionalism. To assist our clients in making wise real estate decisions, we offer individualized assistance.
Privacy & Protection of Data
In today's digital age, the concept of data protection has become increasingly relevant as more businesses rely on technology for their operations. So we as responsible professional company, always take steps to protect the personal information of clients from unauthorized access or misuse by third parties.
Simple Steps Your Easy Guide to a Hassle-Free Property Valuation
Receive a clear, customized valuation fee estimate promptly.
On-site assessment to evaluate your property's condition and details.
Preliminary report outlining key valuation findings for review.
Comprehensive, detailed report with accurate property valuation insights.
Ongoing support to address questions or concerns post-report delivery.
Got questions or need guidance before starting? Our friendly support team is here to assist you with personalized solutions. Don’t hesitate—start chatting with us now and get the help you need!
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Our Clients Says
Mr. Manoj Akmeemana
Working with Prathap Chartered Valuation & Consultancy (Pvt) Ltd has been a remarkable experience. Their integrity and professionalism are evident in every aspect of their service. Their accurate valuations and reliable consultancy have been invaluable in strengthening our credit control and recovery strategies. Prathap Chartered Valuers truly sets a high standard in the industry.
Mr. Kanesh Jayasinghe
Prathap Chartered Valuers stands out for their exceptional ability to integrate global standards with local market insights. Their meticulous approach and deep understanding of valuation principles have greatly supported our cross-border operations. Their reputation for excellence is well-deserved.
Mr. Lahiru Karunathilaka
Prathap Chartered Valuation & Consultancy (Pvt) Ltd brings a forward-thinking approach to valuation and consultancy. Their innovative solutions, backed by industry-leading insights, have been instrumental in navigating complex strategic transactions. Their dedication to staying ahead of the curve makes them a trusted partner
Mr. Siva Subramaniam
In the ever-changing corporate landscape, Prathap Chartered Valuers has been a beacon of reliability. Their precise valuations and unwavering commitment to delivering accurate results have enhanced our financial planning and treasury operations. Their professionalism is unmatched.
Mr. Iresha Wijeyeratne
Prathap Chartered Valuation epitomizes excellence in every service they provide. Their thoroughness and client-focused approach have significantly enhanced our financial strategies. With their support, we have confidently made decisions that drive our organizational growth.
We’re here to help our people, our clients, and our communities achieve their real-estate ambitions.