Wednesday, November 3, 2010

Managing Building Depreciation under IFRS

According to the IFRS, buildings will no longer be evaluated as single entities. Instead, an owner must break a building down by its major components (parking garage, cladding, roofing, suppression systems, HVAC systems, elevators etc.) and then evaluate each component to assess its remaining service life and replacement value.

The process may prove a complex undertaking, especially for those with a large portfolio of buildings. Getting the assessments right will require the expertise of professionals experienced in component-level evaluations.

Halsall has provided thousands of property condition assessments for facilities of all types, sizes and ages and has evaluated their respective components. Clients can count on the depth and breadth of our expertise to help you comply with the new IFRS requirements.




ACMO CCI CONFERENCE

The ACMO CCI conference themed 'STAYING AHEAD OF THE CURVE' is this Friday and Saturday at the Hilton Suites Markham.  See http://www.condoconference.ca/NEWS/default.asp

Our team is presenting in two sessions - we hope to see you there:

The Move to High Performance Buildings

Session 3B – Friday, November 5, 2:00 pm
Sustainability experts Monica Montefiore (Halsall) and Francisca Quinn (Loop Initiatives) join forces to discuss practical and innovative ways to optimize your building’s performance.They will show you how an integrated approach to your building’s systems, operations and occupant use can deliver high-impact improvements.

Financial TLC for Condos
Session 4B – Saturday, November 6, 10:45 AM
Be in the know. Join Halsall’s Sally Thompson for a panel discussion about the latest financial issues facing condominiums, including:
  • Tender management
  • Liabilities, losses and contracts
  • Impact of the HST on your reserve funds
  • The importance of understanding financial statements and reports