Emphasizing the necessity of revaluation of companies’ assets – Tejaratnews
Emphasizing the need to reassess companies’ assets, Reza Ayazlou said: not reassessing companies’ assets in the last few years has resulted in not setting aside funds for updating and developing industrial production tools.
According to Tejarat News, Reza Ayazlou, a member of the Board of Directors of the Securities and Exchange Organization, said regarding the necessity of revaluation of companies’ assets: Considering the record of high inflation statistics in recent years, it is necessary to observe the effects of inflation in the financial statements of companies. For this reason, including the historical price of assets in the balance sheet cannot provide a proper picture of companies.
He added: The failure to reassess the assets of the companies in the last few years has resulted in the failure to set aside funds for updating and developing the production tools of the industries, and if the existing conditions continue, the growth of the profitability of the industries will face major challenges.
The member of the Board of Directors of the Securities and Exchange Organization emphasized: Therefore, considering the above-mentioned issues and creating a suitable perspective for domestic and foreign investors, it is necessary that the discussion of revaluation of companies’ assets should be legally placed on the agenda.
Ayazlou further said: We presented the revaluation of the assets of all companies to the parliament in the form of a plan to be included in the seventh development plan, but the representatives of the legislature only agreed to the revaluation of the loss-making state companies.
In the end, the deputy of stock exchange and publishers supervision of the stock exchange organization stated: In order to create coordination between the financial statements of all the companies listed in the stock market, we are trying to include the revaluation of the remaining state companies in the 1403 budget.
Source: Senate