Publications

Wayne Lonergan and Dr Hung Chu

At the heart of many tax controversy matters are unique valuation issues, which this book addresses.

Filling the apparent gap in the existing collection of valuation and corporate finance textbooks, this is the first book which systematically goes beyond total business value assessment and addresses the practical issues regarding total asset value allocation which have huge tax, duty and commercial consequences.

The conceptual frameworks developed in this book, despite their focus on capital intensive businesses employing specialised fixed assets, can also provide guidance for value assessment and apportionment in different types of businesses or in different tax contexts.

Many of the issues raised in this book are at the cutting edge of valuation thinking. They reflect the evolving nature of the valuation body of knowledge and the need for valuers to continuously re-evaluate the existing body of knowledge, particularly in the face of diverse practical circumstances, and apply the broadened or updated knowledge to re-assess and improve existing valuation practices.

Wayne Lonergan

The definitive manual in Australia for the valuation of businesses, shares and other equity as required by managers, investors and accountants. The fourth edition of this outstanding reference builds on the foundations established in the first three editions and has been extensively updated to reflect the latest developments in the capital markets.

Anyone who needs to understand current valuation issues for litigation, taxation and financial reporting purposes should have this book as an essential reference.

What reviewers have said about previous editions:

– Sanyajit Das, The Australian Corporate Treasurer

– Pamela D Jenkins, Law Institute Journal

Wayne Lonergan

The Valuation of Mining Assets is particularly timely given the upsurge in commodity prices and the spate of takeovers in the mining industry.

The book is written with the benefit of Wayne Lonergan’s extensive practical experience and appreciation of the problems applying valuation theory in the tough practical world of mining. Lonergan is able to explain technical issues in a reader-friendly style.

The book is a “must read” for anyone involved in, or investing in, the mining sector. Its five sections cover everything from defining a mining project, financial valuation using discount rates (with a special focus on gold mining assets) to financial reporting issues. The use of financial instruments, forward selling, futures and options are also covered. It fills a significant gap in the technical and professional literature as it approaches the valuation of mining projects and assets from a capital markets perspective.

The Valuation of Mining Assets is an invaluable reference point for finance professionals in the industry (e.g. those using the IFRS imposed requirements to assess fair value) and those in the legal profession who specialise in the mining industry.