1) For what purposes are valuations of corridors and infrastructure assets required:

i) PSI under the MPRA
ii) Cash Flow Statement
iii) Disposal of redundant infrastructure corridors
iv) Balance Sheet
v) Expropriation

2) True or False:
The definition “the price that would be received from selling an asset in an orderly transaction between market participants at measurement date” is in respect of Fair Valuer?

3) True or False:

Infrastructure assets must be revalued annually where asset values are likely to be very stable?

4) In the Fair Value formula below, which variable value is R Zero in the case of Infrastructure Assets:

5) True or False:
AQSC360 is the accounting standard applicable to South African Organs of State?

6) Which of the listed approaches below can be followed to adjust the selling prices of vacant land that is zoned and services to raw land value?

i. Static Developers Approach and Net Present Value
ii. Subjective limited market discount or premium
iii. Ratio of raw land selling prices to zoned and service land selling prices
iv. Percentage adjustment for location differences

7) True or False:

In the Fair Value formula below, the UL should be replaced with Economic Life (EL) for valuation as opposed to accounting depreciation purposes.

8) True or False:
In the Fair Value formula below, RC, UL (EL), and RUL should be adjusted in response to capital expenditure on rehabilitation or upgrade projects.

9) When compiling valuations for expropriation of land corridors for installation or construction of infrastructure, which one of the listed statutory factors must be considered when determining actual financial loss due to diminution in the market value of the remainder?

10) 10. When compiling valuations for the disposal of redundant infrastructure assets, which of the following must be considered:

i. Selling prices of vacant land surrounding the redundant corridor
ii. The cost to remove the infrastructure asset and rehabilitate the land
iii. The time it will take to subdivide, rezone, and consolidate the portion of the redundant corridor with an adjoining property
iv. The premium or discount potential buyers are expected to apply to the market value to incorporate the redundant corridor with adjoining land/development