• Financial statements;
• Financial forecast;
• Information related to the business and the industry sector (such as analyst- and/or industry reports);
• In the event of publicly traded shares, details of historic trade volumes and price fluctuations.

Our Deliverables
Transfer Pricing Associates valuation reports are in written format and accompanied by calculation schedules which provide details about methods used and assumptions made. Where local valuation regulations exist, the report will refer to and comply with them. Our valuation reports will generally include the following, subject to the specifications of the client:

• A specification of the shares identified;
• The financial statements and relevant non-financial information used, including the rationale underlyingany normalization or control adjustments to financial information;
• A discussion of the valuation methods considered and the reasoning behind the methods used;
• Valuation adjustments considered and determined to be applicable, for example a discount for lack of marketability or liquidity or a discount for lack of control;
• Our opinion as to the current value;
• Illustrative and supporting appendices, including sufficient information to permit intended users tounderstand the data, reasoning, and analyses underlying the valuation conclusion of value.