3. Generation of a Property Evaluation Report
The property evaluation process is completed with the generation of an evaluation report. It is a written document indicating the instructions for the evaluation process, the evaluation basis – the type of value, the purpose of the evaluation and the results of the analysis that led to the evaluation opinion. The property evaluation report explains the analysis processes that were conducted during the evaluation and displays the significant information that was used in the analysis. The type, the dimension and the content of an evaluation report depend on the property type, on the legal requirements and the nature, the complexity of the property evaluation process.
The corporate fixed assets of the state institutions are revaluated according to the Order of the Ministry of Economy and Finance 3471/2008, with the purpose of determining the fair value thereof as of the balance sheet day, taking into consideration the inflation, the asset usefulness, the asset condition and the market price.