“There are no databases of deals in Romania. Only us and Greece do not have such databases. Even the Republic of Moldova has such a database of deals completed. I would very much like to persuade the authorities that deals are not confidential, it is absolutely natural for us to know how much plants are selling for, how much apartments are selling for. It is not just a requirement from valuers, it is normality,” Dana Ababei said on ZF Live.
She believes the confidence of the shareholders of a company increases if the financial statements of that company are properly drafted. Asset reassessment is necessary any time there is an indication that the book value is different from the just value.
“The confidence of shareholders increases because these statements reflect the actual state of the company at the time they were drafted,” the ANEVAR chairperson explains.
Credibility of financial statements is lower for those companies that are not required to subject to auditing, because they are not checked by an independent professional. Dana Ababei says the shareholders of a company want to know exactly how much their investment is worth so the taxes they pay could be based on reality and not on historical figures.
The only residential valuation based on actual prices was done for the Cluj market by consultant Veridio, using the data the Cluj-Napoca city hall collects from buy-sale contracts.
(English version by Loredana Fratila-Cristescu)