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Каждая таблица была конвертирована в рабочий лист

Excel. Все другие объекты на листах Numbers были помещены на отдельные рабочие листы.
Имейте в виду, что расчеты формул могут отличаться от расчетов в Excel.

Название листа Numbers Название таблицы Numbers

All tables
Tаблица 1
Task
Tаблица 1
Analizing0info
Tаблица 1
Costly
Tаблица 1
Comparable
Tаблица 1
Income
Tаблица 1
findings
Tаблица 1
ца была конвертирована в рабочий лист
ещены на отдельные рабочие листы.
т расчетов в Excel.

Название рабочего листа Excel

All tables

Task

Analizing0info

Costly

Comparable

Income

findings
Документ был экспортирован из Numbers. Каждая таблица была конвертирована в рабочий лист
Excel. Все другие объекты на листах Numbers были помещены на отдельные рабочие листы.
Имейте в виду, что расчеты формул могут отличаться от расчетов в Excel.

Название листа Numbers Название таблицы Numbers Название рабочего листа Excel

Task
Tаблица 1 Zad
Analizing info
Tаблица 1 Analiz_DI
Costly
Tаблица 1 Zatrat
Comparable
Tаблица 1 Sravn
Income
Tаблица 1 Dohod
findings
Tаблица 1 Vivodi

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Business valuation System

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Business valuation System
KNOWN CONDITIONS

The investor, before buying an apartment building, decided to estimate its cost. It is known that the areas of apartments are rented out, and a
90% of employment potential income per year is 132 000 Euro. Annual additional income is on average 3000 Euro. At the local marke
losses from unemployment are 6%, and management costs are 4% of the actual income. The manager receives 10,000 Euros per year. Th
owner has concluded a contract with an insurance company for five years, according to which he must pay 5000 Euro. Sanitary inspectio
requires payment of 50 Euros per month. Maintenance of the plot costs 700 Euro per year. Three garbage trucks are taken out per month
The cost of this one-time service is 20 Euro. Tenants under the terms of lease pay all utility costs. However, the owner pays the cost o
lighting common areas per year at a rate of 2500 Euro. The annual depreciation charge is 21000 Euro. Annual repair work is 9000 Euro
Every three years additional cosmetic repairs are made, which amounts to 3300 Euro. In 25 years it is necessary to replace the roof cost 4
000 Euro.

NEED
Find the market value of the house using three methods
Investors want to apply a 9% capitalization ratio to the cost of buildings and structures
Evaluation date - 2020.
The house was built in 1954. The area of 1870 m2. Renovated, allowed technical experts to assess its condition by 21 years
better. The date of demolition is 2054.
District number 3. Price of construction 940 Euro/m2

There are three comparable objects.

CO#1: Sales Price 103000 Euro; Area 1950 m2; Area 2; Sold three months ago
CO#2: Sales Price 110000 Euro; Area 2100 m2; Area 3; Sold four months ago
CO#3: Sales Price 980000 Euro; Area 1800 m2; Area 4; Sold two months ago
Every month the real estate price was falling by 5000 Euro.
The number of the district reflects its location (a better district has a bigger number accordingly). Each district raises the selling
price by 10000 Euro).

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6
Analizing the tasks information
Organizational standard Method
Info Meaning Costly Comparable Income
Date of valuation, a year 2020 1
10% 1
Potential Income, Euro/year 132000 1
Employment 97.00% 1
Extra income, Euro/year 3000 1
Losses from unemployment, Euro/year 6.00% 1
Management costs (percentage of actual income) 4.00% 1
Manager's annual salary, Euro/year 10000 1
Amount of insurance, Euro 5000 1
Period of insurance income, years 5 1
Sanitary inspection, Yo/mes 50 1
Maintenance of the plot, Euro/year 700 1
Garbage removal, Еuro/size. 20 1
Number of garbage vehicles in a month 3 1
Common Lighting, Euro/year 2500 1
Repair works, Euro/year 9000 1
Cosmetic repairs, Euro 3300 1
Period of validity of the cosmetic repair contract, years 3 1
Depreciation,(amortization) Euro/year 21000 1
Roof replacement, Euro 40000 1
Period of validity of the contract on replacement of the roof, y 25 1
Utility payments (tenants), Euro/year 1
Capitalization ratio 9.00% 1

Objec land sq m2 1870 1

Construction price, Euro/m2 940 1
Construction price, Euro/m2 1954 1
Date of demolition, calendar year 2054 1
better How much does the building look like, years old 21 1

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 District (area) 3

prices down Sales tendency (1 or -1) -1 1

Change in price per month, Euro 5000 1
Adjustment for a district (a unit of a district increases its cost), 10000 1

Comparable object №1
Sales Price, Euro 1030000 1
Sq м2 1950 1
District (area) 2 1
Date of sale, month. 3 1

Comparable object №2
Sales price Euro 1100000 1
Sq м2 2100 1
District (area) 3 1
Date of sale, month. 4 1

Comparable object №2
Sales Price, Euro 980000 1
Sq м2 1800 1
District (area) 4 1
Date of sale, month. 2 1

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Cost method

Sq, м2 1870
Price of constraction, Euro/m2 940
Date of construction 1954
Date of demolition 2054
How does building looks like now 21 лучше

Date of valuation 2020

Effective age 45
Ecnomical life 100

Price of new construction, Euro 1757800

Depreciation rate 0.45
Price of depreciation, Euro 791010
Market price, Eoro 966790

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Comparison method

Comparable object Comparable Comparable

#1 object #2 object #3
Object
Sales Price, Euro 1030000 1100000 980000
10000 Area 3 2 3 4
Correction according to area -10000 0 10000
Time of sale ,month 3 4 2
-5000 Correction according to time of sale -15000 -20000 -10000

Corrected sale price, Euro 1005000 1080000 980000

Sq, м2 1870 1950 2100 1800
Corrected price, Euro/м2 515.385 514.29 544.444
Average value, Euro/м2 524.7
Мinimum, Euro/м2 514.3
Maximum, Euro/м2 544.4
10% Uncertainty 5.9%

Market value by comparison method, Euro 981198

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Income method
Restructured statement of income and expenses, year

Potential income, Euro/year 132000

3.00% Vacancy ###
Actual income ###
Additional income 3000
Adjusted additional income Еuro/year ###
6.00% Losses from unemployment, Euro/year ###
4.00% Costs of management, Euro/year ###
Manager's Salary, Euro/year 10000
Insurance, Euro / year 1000
12 Sanitary inspection, Euro/year 600
Maintenance o land 700
12 Garbage collection, Euro/year 720
Common Lighting, Euro/year 2500
Repair works, Euro/year 9000
3 Cosmetic repairs, Euro/year 1100
25 Roof replacement, Euro / year 1600
Capitalization coefficient
Operating expenses, Еuro/year ###

Net operating income, Еuro/year ###

9.00%
Market value of the house, Euro 1007956

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Formation of conclusion about market value of the research object

Method Costly Comparable Income

Market value, Euro 966790 981198 1007956

Average value, Euro/m2 985315

Minimum, Euro/м2 966790
Maximum, Euro/м2 1007956
10% Accuracy 4.3%

Market value of the facility (unweighted valuation), Euro 985315

Weighting ratios 0.2 0.3 0.5 1.00

Contribution of method to market value, Euro 193358 294359 503978

Market value of the object (weighted valuation), Euro 991695

Experts conclusion
The market value of the object is in the range of от 967000 Euro до 1008000 Euro
when evaluated 992000 Euro

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