Metodika oceňování podílů při vkladech a rozdělení vyčleněním

The National Accounting Council has published a draft interpretation NI 74, which unifies the approach to valuing equity interests acquired in exchange for contributed assets. This represents a significant clarification following the latest amendment to the Act on Transformations of Commercial Companies and Cooperatives. The interpretation is currently subject to an external consultation process.

Valuation of an Equity Interest Based on the Net Value of the Contribution

The interpretation provides that the value of an equity interest is determined based on the net value of the contributed assets. The calculation includes assets transferred, while related liabilities, impairment allowances, and provisions are deducted. This new approach introduces a clear rule for valuation in situations where practice has previously been inconsistent.

Treatment of Negative Net Value

A key contribution of NI 74 is the explicit treatment of situations where the net value of the contribution is negative. An equity interest cannot be recognized at a negative amount. If such a situation arises, the equity interest is measured at zero, and the difference between the calculated net value and the zero valuation is recognized directly in equity. This approach better reflects the economic substance of the transaction and ensures transparent accounting presentation.

Deferred Tax and Its Impact on the Valuation of a Financial Investment

The value of deferred tax must be recalculated and updated as of the transaction date, similarly to related allowances and provisions. At the same time, a previously unrecognized deferred tax asset may now be recognized and included in the measurement of the resulting financial investment, provided it is probable that the acquirer will have both the right and sufficient taxable profits to utilize it. 

Implications for Accounting Entities

The new interpretation may significantly affect the amount of recognized investments and the structure of equity, particularly for transactions within the same group. The introduction of a unified methodological framework also increases transaction predictability and contributes to a true and fair view of accounting. However, the interpretation is not legally binding; it merely represents the expert opinion of the National Accounting Council.

Last week, the Chamber of Deputies of the Parliament of the Czech Republic made progress in the legislative process of the new Accounting Act, which has already passed its first reading. Based on the course of the first reading, significant further work on the accompanying legislation is expected, along with a possible postponement of the effective date of the new legal framework to 2029. This interpretation, together with other planned ones, will therefore continue to play a key role in refining accounting methods and practices and in their practical application.

Authors:
Kateřina Dedková
Aneta Batelková
Marie Drápalová