Consultancy Services for Asset Valuation
Client: Coast Water Services Board
Narrative Description of Project: The purpose of the assignment is to enable the board identify all its existing physical assets, keep proper records in a professional manner and ascertain their values.
Description of Actual Services Provided by Our Staff: The consultant carried out the following tasks:
- Providing details of the Boards assets (water, waste water and non-water assets) , their locations and conditions, recommending the most appropriate asset valuation methodology which should be consistent with the recommended practice and guidelines as per International Financial Reporting Standards (IFRS)
- Developing asset valuation data into a consistent asset listing
- Asset classification, location and pricing
- Assessment of asset condition
- Assessing useful life of the asset
- Creating asset inventory and record keeping
- Tagging of all assets
- Identifying critical assets
- Creating a repair and replacement schedule
- Incorporating the asset values into the financial statements of CWSB
Country: Kenya
Location within Country: Mombasa, Kilifi, Kwale, Taita-Taveta, Lamu and Tana River Counties
Start Date: 2012
Completion Date: 2012