资产评估常考的公式及案例3（Formula and case of asset evaluation 3）.doc

资产评估常考的公式及案例3（Formula and case of asset evaluation 3） Four, the core of the test site four - the enterprises overall asset evaluation proceeds The basic idea of calculating income income method enterprise assets assessment and evaluation of intangible assets is consistent, but the income method to assess the business valuation, segmentation method and annuity capitalization of the proposition is more focused on the income discount. We must pay attention to using segmentation method, before several years of income taken by the discounted deferred annuity from the idea, a beginning of the annuity in accordance with the financial management or management accounting study, two discount calculated in accordance with the idea. The idea of the so-called two discount is the first discount according to the ordinary annuity, and the second is discounted according to the present value of compound interest. Example 1, an enterprise for the overall asset transfer, need to be evaluated. It is predicted that the companys net profit in the next 5 years will be 1 million, 1 million 100 thousand, 1 million 200 thousand, 1 million 500 thousand and 1 million 600 thousand, respectively. From sixth years onwards, the annual income will be stable, that is, 1 million 600 thousand per year. The company has no debt, its tangible assets only currency funds and fixed assets, and the evaluation values were 1 million and 5 million, the company has a definite intangible assets, is still an 5 year remaining economic life of non patented technology, the technology of each product can obtain excess net profit of 10 yuan at present, the company annual production of 80 thousand products, the production capacity and market analysis and forecast, in the next 5 years, the annual production of 100 thousand pieces, the discount rate and capitalization rate was 6%. please evaluate the enterprise value of the goodwill (on million units, retained two decimal). Answer and analysis: this enterprise goodwill val