Achievement

Success Project I : PPA Report

A major technology enterprise has acquired 50% of the shares in a downstream enterprise, but it didn't obtain substantial control over the downstream enterprise until it obtained more than half of the board of directors of the downstream enterprise and the confirmation of its accountant.
Since the substantial control of this project is obtained through a majority of the board of directors, instead of a payment or share exchange, it is an acquisition without consideration. Therefore, the major technology enterprise entrusted CRIF CCIS to evaluate the goodwill and various intangible assets after the merger to be a reference for the accountant's review and consolidated financial statement processes. Moreover, CRIF CCIS continues to evaluate the impairment test every year.

Highlights

CRIF CCIS provided appropriate evaluation methods for different M&A structures, such as one-off acquisitions, batch acquisitions, reverse acquisitions, acquisitions without consideration, share swap acquisitions, conditional acquisitions and consolidations, based on the extensive experience in the past. It assisted the client in completing financial needs and regulatory requirements accurately and quickly.

CRIF CCIS adopted the most appropriate evaluation model and reflected the fair value of goodwill and intangible assets accurately according to the transfer consideration evaluated by the analyst.

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Success Project II : Impairment Test Report

A well-known department store acquired a large shopping mall which features several experience facilities, aiming to increase the number of visitors through entertainment services, such as cinemas, amusement facilities or VR experiences, to maintain revenue growth and reduce the impact triggered by online shopping, but the actual performance has not been improved significantly. To reduce the impact on the department store's financial statement, CRIF was entrusted to conduct an impairment test on the goodwill generated by the large shopping mall.

Highlights

CRIF CCIS employed current accountants who serve as important members of the Association of Accountants and Accountants Monthly to be consultants to effectively resolve relevant doubts and avoid conflicts between financial forecasts and impairment tests.

CRIF CCIS has worked with the Big Four or other accounting firms for a long time, so the impairment test reports issued by CRIF CCIS are credible, and then long-term partnership with the client can be maintained.

CRIF CCIS has undertaken impairment test projects for various industries, including telecommunications, technology, biotechnology, manufacturing and department stores. It has the ability to assess general and special targets of various industries.