Essentials of operator's asset evaluation

In today's open capital market, operators ' capital operation and mergers and acquisitions are also becoming popular. Here to the local operators in the process of asset assessment more prone to problems in a simple description: In addition to the general fixed assets such as office buildings, automobiles and so on. The operator industry has its own unique asset classification, the most important part of which is network assets. In fact, the composition of network assets is more complex, outside the industry investors need to pay attention to the following points: equipment assets: Regardless of the book balance is how much, Can actually be zero although the principle of accounting depreciation in most of the equipment can be clearly defined its residual value but given the technical update and new business requirements for equipment, it is possible that the original device can not be used at all. For example, Shanghai Telecom only 100,000 user-level IPTV network for the cost of the renovation is more than 200 million, in fact, the original equipment changed all over again. This time, if new investors are bullish on IPTV prospects, they will face the huge cost of equipment replacement first. Of course, this still excludes the original operator of the asset management problem, if the local radio and television operators are mostly not even the concept of asset management, audit the time a Shing. Cable assets and pipeline assets most laymen think that cable assets are very important in fact is a misunderstanding. The cable itself and the cost of laying are already very low, and in fact the core asset of the operator is the route, which is the pipeline and the bar. Because the developed cities are on the change, and many communication operators of the Pole road is borrowed power system, so the value of the pole road is negligible. And buried pipelines are truly non-renewable resources. It is important to point out that the pipeline resources are generally measured by the hole kilometer. That is to say, I can transfer 1 holes in a pipeline to the holder as an asset. But in the actual operation of your that hole firmly in the hands of operators, can be said without the assistance of local operators that the value of the pipeline is difficult to reflect. Household line Assets: We all know the last 100 meters of gold, so this part of the asset most investors value. Visionary operators even put 2 5-class lines at the same time as the client wiring, figuring that they can be rented out or sold out. But here is to remind you that the line is only a line without network equipment, ancillary facilities, power supply and operational strength they are just a pile of copper scrap. Such assets are too dependent on the original holder, and their value depends on the "after-sale service" of others. The cost of the whole city is very high, and the position of the computer room in the basic network is very important. However, in the assessment, it is often found that most rooms do not have property rights, only leases, even if only the lease has no clear contract period and price guarantee terms. In this way, to accept the investors will have a very large cost risk, a central room of the relocation of the money not to say also have to affect the operation of the network, the price is very high. Traditional electric power contract operators and power often some private transactions, the original electricity contracts can not reflect the real cost of electricity costs. If the investor takes over the original change of personnel or the power sectorPolicy changes are likely to find that the budget's profit is simply not enough to pay for the current period of electricity, not to make the money owed before the loss of payment. Here is a simple list of some of the questions, I hope to be able to provide help to interested friends and welcome to discuss.