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  "authorName": "Carson C. Block",
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      "text": "Waiting until construction commencement to change your valuation reporting for land and vacant buildings from the comparative method to a potential residual valuation method would greatly aid lenders and bondholders as it would more accurately reflect potential recoveries.",
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      "text": "(a) Investment property and Property, plant and equipment",
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      "text": "Investment properties are stated at fair value as at 31 December 2023 and 2022 based on external valuations prepared by professionally qualified valuers, except for an insignificant part of the portfolio valued by an internal expert (see note 6.2). The Group's property portfolio in the Czech Republic is valued mainly by Jones iO Partner(former Jones Lang LaSalle in Czechia, Slovakia, Romania & Hungary left and their successor was named iO Partners), Cushman & Wakefield and CBRE, while selected properties are valued also by RSM, Mazars and Statikum. The property portfolios in Poland and Romania are valued by CBRE. Assets in Slovakia and Hospitality in Poland & Hungary are valued by Cushman & Wakefield. Remaining assets in Hungary are valued by iO Partners. The valuation of the Berlin portfolio is undertaken by Savills. The Group also uses its valuation department for providing internal valuations of selected assets, including United Kingdom assets part of the Czech Republic residential portfolio, land bank assets, certain Czech Republic retail assets and parts of assets in France.",
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      "text": "Waiting until construction commencement to change your valuation reporting for land and vacant buildings from the comparative method to a potential residual valuation method would greatly aid lenders and bondholders as it would more accurately reflect potential recoveries. If for whatever reason projected future gains are fully booked but construction does not commence, lenders would face massive impairments.",
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      "text": "2.3 Determination of fair value",
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