Avaliação de Ativos Biológicos (CPC 29/IAS 41) EN - SETAPE

Valuations of biological assets
(CPC 29/IAS 41)

By conducting a Valuation of Biological Assets (CPC29/IAS41) with Setape, you are ensuring that the valuation of your assets will be done correctly and accurately.

What is a Biological Assets Valuation (CPC 29/IAS 41) and why valuate them?

Biological asset is any animal or plant, alive, responsible for the production of agricultural products. Examples of plants are soybeans, corn, sugar cane, eucalyptus etc. Examples of animals are cattle, pigs, chickens, etc.

These assets undergo biological transformation throughout their life, that is, the process of growth, degeneration, production and procreation that cause qualitative and quantitative changes in the biological asset.

As a consequence, we have:

  • asset changes through:
    • growth (increase in quantity or improvement in the quality of the animal or plant);
    • degeneration (reduction in quantity or deterioration in the quality of an animal or plant) or;
    • breeding (additional generation of animals or plants); or
  • production of agricultural products, such as latex, tea leaves, wool and milk.

The gain or loss arising from these changes in fair value, net of selling expenses for biological assets, must be recognized between the beginning and the end of each period and must be included in the income for the year in which it originates.

How is the valuation carried out at fair value?

The biological asset must be measured at fair value less selling expenses at the time of initial recognition and at the end of each accrual period, except when the fair value cannot be measured reliably.

Fair value is measured in accordance with Technical Pronouncement CPC 46 “Measurement of Fair Value”

What is the normative basis for the Valuation of Biological Assets?

The normative basis is the Technical Pronouncement CPC 29, “Biological Assets and Agricultural Product”, correlated with the International Accounting Standards, IAS 41.

Technical Standards

Setape’s valuations are always carried out with strict observance of all guidelines set by the ABNT Standards – Brazilian Association of Technical Standards and Ibape Nacional – Brazilian Institute of Engineering Valuations and Expertise.

Why hire Setape?

Complete Advisory

The only company that performs all services of valuation of movable and immovable property, urban and rural, valuation of companies, and has support for asset control (fixed assets).

Proven Experience

With 45 years of activities and more than 80,000 services performed, it is the company with the most experience in evaluating the fixed assets market and in economic evaluations.

Qualified Team

It has its own team with more than a hundred professionals from all specialties.

Satisfied Customers

Quality of services proven by its customers

International Coverage

It belongs to the VRG – Valuation Research Group of international valuation companies with service coverage on all continents

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