Académique Documents
Professionnel Documents
Culture Documents
APPRAISAL GUIDELINES.....................................................................
1.0 OBJECTIVES.................................................................................
2.0 SCOPE and LIMITATIONS.............................................................
3.0 DEFINITION OF TERMS................................................................
4.0 GENERAL GUIDELINES................................................................
4.1 Documentation.............................................................................................3
4.2 Conduct of Inspection..................................................................................4
4.3 Determination of Condition Rating of Property...........................................6
4.4 Conduct of Appraisal....................................................................................8
4.5 Determination of the Appraised Value.........................................................9
5.0 REVISED FORMULAE ON APPRAISAL OF GOVERNMENT
PROPERTIES EXCEPT REAL ESTATE, ANTIQUE PROPERTY AND
WORKS OF ART...........................................................................
Illustrative Examples.......................................................................
TABLES......................................................................................................................17
TABLE 1. COMPONENT RATING TABLES
18
TABLE 2. TABLE OF ESTIMATED USEFUL LIFE OF PROPERTY,
PLANT AND EQUIPMENT
23
TABLE 3. TABLE OF PESO/DOLLAR EXCHANGE RATES..........25
ANNEXES..................................................................................................................26
ANNEX A........................................................................................................27
ANNEX B........................................................................................................29
ANNEX C........................................................................................................30
ANNEX C1......................................................................................................32
ANNEX C2......................................................................................................35
ANNEX D........................................................................................................38
ANNEX E........................................................................................................39
ANNEX F.........................................................................................................41
APPRAISAL GUIDELINES
1.0 OBJECTIVES
1.1 To achieve uniformity and consistency in the conduct of
appraisal of government property for disposal;
1.2 To promote facility in the computation of appraised
values;
1.3 To attain more realistic valuations of property under
disposal based on the actual state or condition of
properties being disposed of; and
1.4 To provide a reliable basis of ensuring that government
recovers a fair return from the disposal of its properties.
2.0 SCOPE and LIMITATIONS
These guidelines describe the general procedures in the
appraisal of government properties for disposal of National
Government Agencies and Instrumentalities, Local Government Units
and Government-Owned and/or Controlled Corporations and their
subsidiaries, except works of art, antique property and real estate.
Antique property and works of art shall be appraised by the National
Museum, and real estate shall be appraised under a separate set of
guidelines.
4.1
Documentation
4.1.3
4.2
Conduct of Inspection
In the conduct of the inspection of the property to be
appraised, the appraiser shall perform the following,
where applicable:
4.2.1
4.2.2
4.2.3
4.2.4
4.2.5
4.2.6
4.2.7
4.2.8
4.2.9
4.3
(VG)
Example:
Condition Rating
Condition Factor
4.4
Very Good
0.8 to 1.0
Conduct of Appraisal
The Appraisal Process in general consists of:
4.4.1
4.4.2
acquisition cost, or
current market price of similar property, or
replacement cost for a similar new property;
prices from second hand rebuilders and reconditioners
of machinery, cars or equipment;
- currency exchange rates for acquisition year and
current year.
4.4.3
4.5
4.5.2.2
4.5.2.3
10
5.1
AV = CMV x
CF 1
CF 2
where:
AV
CMV
CF1
CF2
Appraised Value
Current Market Value
Condition Factor of the Property being
appraised
Condition Factor of the Advertised/
Canvassed Property
11
AV = RCN x
EUL
where:
AV = RCN x
CF
where:
RCN Replacement Cost - New
CF
Condition Factor of the Property
being appraised
5.1.3 When Acquisition Cost (AC) is available, the cost
indicated in the Property Acknowledgement Receipt
(PAR) shall be recognized as AC if the Purchase
Order/Invoice are no longer available. However, if
the PAR indicates, among others, that the property
acquired is second hand (not brand new), the
12
Acquisition Cost
CFF =
CF
where:
PIF
PIF
(AC x PIF) CF
Illustrative Examples
A. When Current Market Value (CMV) of a comparable property
is available
Given: Based on the data contained under the Inventory and
Inspection Report of Unserviceable Property (Annex A1)
Property Description:
Mitsubishi L-200 D/Cab Pick-up, Diesel Fed Model 1995,
Silver Gray, Loaded, w/Stepboard & Bedliner
Plate No. UFC 963, Engine No. 4D56A-D5940
Chassis No. K14TJUNSL-010751
Acquisition Date: AD = December 16, 1995
Acquisition Cost: AC = P495,000.00
Date of Appraisal: June 26, 2000
Solution:
AV = CMV x
CF1
CF2
14
CMV = P209,000.00
Advertised Prices (similar brand and year model from Used
Car Dealers):
a) P209,000.00
b) P260,000.00
c) P285,000.00
CF1 = Condition Factor of subject property
CF2 = Condition Factor of comparable property
% Weight
23
7
5
35
30
CF
0.80
0.90
0.90
=
=
=
0.1840
0.0630
0.0450
0.75
=
0.75
=
Total:
0.2625
0.2250
0.7795
% Weight
23
7
5
35
30
CF
0.60
0.85
0.85
=
=
=
0.1380
0.0595
0.0425
0.70
=
0.40
=
Total:
0.2450
0.1200
0.6050
Thus:
AV = (P209,000.00)
0.7795
= P269,282.00
0.6050
B. When Replacement Cost New (RCN) is available
1) When the Estimated Useful Life (EUL) of the property is
15
available
Given:
Component
%
weight
Engine
23
Transmission
Differential
Body/Chassi
s
35
Others
30
0.23(P100,000.00)
0.23
0.07(P100,000.00)
0.23
0.05(P100,000.00)
0.23
0.35(P100,000.00)
0.23
0.30(P100,000.00)
0.23
100,000.00
30,435.00
21,739.00
152,174.00
130,435.00
say:
Add Cost of
Assembly,OCM:
RCN =
434,783.00
435,000.00
65,000.00
P 500,000.00
Note: If there are available price data in the market for the other
components, use the market data of said components rather
than the ratio and proportion applied above.
Component
Engine
Transmission
Differential
Body/Chassi
s
%
weight
23
7
5
ERUL
6
6
6
EUL
7
7
7
= 0.1971
= 0.0600
= 0.0430
35
= 0.2500
16
Others
30
= 0.2140
0.7641
AV = (P500,000.00) 0.7641
AV = P382,050.00
Solution:
AV
RCN x
CF
17
where:
RCN
CF
AV
P500,000.00 x 0.7795
AV
P389,750.00
AC x CFF x CF
where:
CFF
25.7144
= 1.56
CF
= 0.7795
AV
AV
= P601,930.00
D. Other Cases:
1) When the property/subject vehicle is lost for which
accountability is being assessed
AV = CMV x
CF1
CF2
18
AV
= P209,000.00 x
0.6050
where : CF1 = 1 (condition factor when subject property is lost
under sec. 4.1.3)
AV = P345,455.00
2) When the component, such as engine unit, of the
above vehicle under appraisal is missing/salvaged:
0.7795 0.1840
AV = (P209,000.00)
0.6050
0.5955
AV = (P209,000.00)
0.6050
AV = P205,719.00
where:
0.1840 = over-all CF of the engine unit of the subject
vehicle
3) When the engine unit is beyond economic repair and
is considered junk/scrap:
AV = CMV x
CF1 0.1840
CF2
where:
junk value =
engine unit
Estimated weight
of Engine
=
junk value =
engine unit
scrap/junk value
of metal as canvassed
19
where:
P5.00
0.5955
AV = (P209,000.00)
=
AV =
0.6050
+ P2,500.00
P205,719.00 + P2,500.00
P208,219.00
20
TABLES
TABLE
A.
VEHICLES
Engine
Body and Chassis
Transmission
Differential
Others
23
35
7
5
30
B.
PASSENGER BUS
Body and Chassis
Engine
Transmission
Differential
Others
41
25
7
5
22
C.
HEAVY EQUIPMENT
Grader
Body and Chassis
Engine
Transmission
Others
35
25
20
20
Bulldozer
Body and Chassis
Engine
Differential
Transmission
Others
35
25
11
8
21
Dump Truck
Body and Chassis
Engine
Differential
Transmission
Others
6 Wheeler
35
25
11
8
21
10 Wheeler
25
19
14
9
33
22
Type
Concrete Mixer
Engine
Mixing Drum
Body/Chassis/spring/tires/etc.
45
35
20
Crane Crawler
Engine
Upper Machinery
Track group
Body/chassis
Others, boom bucket, acc.
25
30
25
10
10
35
25
20
10
10
25
20
30
25
Loader
Engine
Transmission
Body Chassis
Bucket, tires, hydraulic
Excavators/Backhoe
Engine
Hydraulic System
(cyl., valves, hose, pipings)
Track group
Body, frame, arms & boom
others, bucket, etc.
Farm Tractor
Engine
Wheel
25
20
35
20
Crawler
30
25
15
30
25
25
25
25
30
23
Transmission
Body Chassis
Others, tires & attachment
25
20
25
24
Type
Truck Tractor
Engine
Transmission
Differential (tandem)
Body Chassis
Others, tires, spring, elect., etc.
30
10
10
25
25
80
20
1 Drum
50
20
15
15
Roller Vibratory
Engine
Transmission
Drum
Body Chassis
2 Drum
40
20
25
15
Pneumatic Roller
40
25
20 (Tire)
15
40
20
25 (including hydraulic system)
15
Tractor Crawler
Engine
30
Transmission Steering (Front Drive) 25
Track group
30
Body Chassis/dozer
15
Forklift
Engine
Transmission
Body/Chassis
Hydraulic, Tires &
Others
D.
35
10
25
30
Compressor
Condenser
Evaporator
Fan Motor
Filter/Drier
Others
Type
41
14
12
20
3
10
%
E.
TYPEWRITER (MANUAL)
Carriage Assembly
Type Basket Mechanism
Keyboards
Others
48
35
11
6
F.
DENTAL EQUIPMENT
Dental Unit & Chair
Air Scaler
Air Motor
Compressor HP
High Speed
Dental Stool
62
14
14
5
3
2
G.
MOTORCYCLE
Engine
Clutch, transmission,
sprocket & chain
Body/Chassis, shock
absorber & tank
Others, wheel tires,
electrical
H.
23
35
30
12
OTHERS
Concrete Vibrator
Engine
Vibrator
Pump
Engine
Pump
Generating Set
Engine
85
15
65
35
60
26
Generator
Welding Machine
Engine
Generator
40
60
40
27
Type
Air Compressor
Engine
Compressor
Body & Others
50
30
20
Chainsaw
Engine
Saw, etc.
80
20
28
Estimated
Useful
Life (in
years)
10
20
40
10
10
20
30
10
10
20
30
5
10
5
5
10
10
10
10
10
7
10
10
10
29
Equipment
Sports Equipment
Technical and Scientific Equipment
Other Machineries and Equipment
Transportation Equipment
Motor Vehicles
Trains
Aircraft and Aircraft Ground
Equipment
Watercrafts
Other Transportation Equipment
Other Property, Plant and
Equipment
Note
I-
10
10
10
7
10
10
10
10
5
The estimated useful life shall depend on the length of the lease.
It shall be the period of the lease or the estimated useful life of
the assets, as given, whichever is shorter.
30
TABLE 3.
YEAR
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
31
ANNEXES
ANNEX A
33
INSTRUCTIONS
A. This report shall be accomplished as follows:
As of - period covered by the report
Letter Head and logo of the agency
Fund - fund name/code
INVENTORY:
a. Date Acquired - date of acquisition
b. Particulars - a brief description of the Property, Plant and Equipment
(PPE)
c. Property No. - assigned property number by the Property Custodian
d. Quantity - quantity of PPE
e. Unit Cost - unit cost of the PPE
f. Total Cost - quantity multiplied by the unit cost of the PPE
g. Accumulated Depreciation - total amount of depreciation charged to the
PPE
h. Net Book Value - the difference between the total cost of the PPE less
the accumulated depreciation
i. Remarks - brief information on the condition of the property
j. Certified Correct by/Date - name and signature of the Property Officer/
Custodian who prepared the report/date of the report
k. Verified by/Date - name and signature of the Head of the Accounting Unit
who verified the propriety of the Unit Cost, Total Cost, Accumulated
depreciation and Net Book Value/date when verified
5. INSPECTION:
a. Appraised Value - appraised value of the PPE
b. Disposition - different modes of disposing the PPE such as sale, donation
destruction, etc.
c. Remarks - additional information on the condition of the property
inspected
d. Inspected by/Date - name and signature of the inspector and the date of
inspection
e. Witnessed by/Date - name and signature of the witness/date when
witnessed
B.
1.
2.
3.
4.
C.
D.
E.
F.
page 2/2
34
ANNEX B
Date:
QTY.
UNIT
DESCRIPTION
RECORD OF SALES
O.R. No.
Amount
1
2
3
4
5
6
7
8
9
10
TOTAL
Certified Correct:
Disposal Approved:
_________________________________
____________________________________
Property Officer
CERTIFICATE OF INSPECTION
I hereby certify that the property enumerated above was disposed of as follows:
Item
Item
Item
Item
Destroye
d
Sold at private sale
Sold at public auction
Transferred without cost to _________
Witness to disposition:
35
ANNEX C
CHECKLIST FOR UNSERVICEABLE EQUIPMENT:
VEHICLES/HEAVY EQUIPMENT
Equipment Description/Type____________________Prop.No.__________
Unit Serial No._________________________Engine Serial No. __________
Acquisition Cost_____________________________Date__________________
Date Reported as Unserviceable ____________________________________
LEGEND:
S = Serviceable
M = Missing
ENGINE:
Operating Condition
Injection Pump Assembly
Injection/Nozzle Assy.
Fuel Pump Assembly
Cylinder Head Assembly
Water Pump Assembly
Radiator Assembly
Air Cleaner Assembly
Carburetor Assembly
Governor Assembly
Turbo Charger
Oil Cooler Assembly
No. of Cylinders
ELECTRICAL
Generator/Alterator
Assembly
Starter Assembly
Voltage Regulator Assy.
Solenoid Assembly
Ignition Coil Assy.
Magneto
Distributor Assembly
2/cap , rotor
Wiper Assembly
Headlight Assembly
Stop & Tail Light Assy.
Directional Light Assy.
(front & rear)
Battery
X = Unserviceable
NA = Not Applicable
SUSPENSIONS:
FrontSpringAssembly
RearSpringAssembly
WHEELS:
Tires Front
Tires Rear
Spare Tire
PROPELLER SHAFT ASSY.:
Front
Rear
DIFFERENTIAL ASSY.:
Front
Rear
FINAL DRIVE
Sprocket Assembly
Drive Chain
UNDERCARRIAGES:
Track Link Assembly
Idler Assembly
Track Adjuster Assy.
Track Roller Assy.
Carrier Roller Assy.
36
CLUTCH ASSEMBLY
TORQUE CONVERTER
CUSHIONS:
BODY/CAB/FENDERS
Front Seat
CHASSIS/FRAME
Rear Seat
WINDSHIELD
Operators Seat
FUEL TANK ASSEMBLY
GAUGES:
HYDRAULIC SYSTEM:
Hour/Service Meter
Hydraulic Pump Assembly
Speedometer
Hydraulic Motor Assembly
Tachometer
Hydraulic Hoses
Temperature Gauges
Control Valve Assembly
(water)
Hydraulic Cylinders
Oil Pressure Gauges
Converter oil Temperature
TRANSMISSION ASSEMBLY
Gauges
TRANSFERCASE ASSEMBLY
BRAKE SYSTEM:
WINDSHIELD
Master Cylinder Assembly
FUEL TANK ASSEMBLY
STEERING SYSTEM:
Power Steering System
Steering Clutch Assembly with Disc Plate & Brake Lining
ACCESSORIES:
Dozer/Blade Assembly
Riper Assembly
Cutting Edges
End Bits
Dragline Bucket
Clamshell Bucket
Backhoe Bucket
Ditching Bucket
Fairlead assembly
Tagline Assembly
(for crane)
(for crane)
Compressor
Cables
Boom Assembly
Boom Pulley
Lifting Block
Others
REMARKS:
Inspected by:
(NAME)
(DESIGNATION)
37
ANNEX C1
CHECKLIST FOR UNSERVICEABLE EQUIPMENT:
VEHICLES/HEAVY EQUIPMENT
Equipment Description/Type Mitsubishi L-200 Prop.No. Plate No. UFC - 963
Unit Serial No.
K14TJUNSL-010751
Engine Serial No. 4D56-D5940
Acquisition Cost
P 495,000.00
Date
December 16, 1995
Date Reported as Unserviceable _____________________________________
LEGEND:
S=
M=
Serviceable
Missing
X =
NA =
ENGINE:
Operating Condition
Injection Pump
Assembly
Injection/Nozzle Assy.
Fuel Pump Assembly
Cylinder Head Assembly
Water Pump Assembly
Radiator Assembly
Air Cleaner Assembly
Carburetor Assembly
Governor Assembly
Turbo Charger
Oil Cooler Assembly
No. of Cylinders
ELECTRICAL
Generator/Alterator
Assembly
Starter Assembly
Voltage Regulator Assy.
Solenoid Assembly
Ignition Coil Assy.
Magneto
Distributor Assembly
2/cap , rotor
Wiper Assembly
Unserviceable
Not Applicable
SUSPENSIONS:
S
FrontSpringAssembly
RearSpringAssembly
S
S
WHEELS:
S
S
S
S
Tires Front
Tires Rear
Spare Tire
S
S
S
NA
NA
NA
4
Front
Rear
NA
S
DIFFERENTIAL ASSY.:
Front
Rear
NA
S
NA
S
S
FINAL DRIVE
NA
NA
Sprocket Assembly
Drive Chain
NA
UNDERCARRIAGES:
NA
NA
NA
38
Headlight Assembly
Stop & Tail Light Assy.
Directional Light Assy.
(front & rear)
Battery
CLUTCH ASSEMBLY
CUSHIONS:
Front Seat
Rear Seat
Operators Seat
GAUGES:
Hour/Service Meter
Speedometer
Tachometer
Temperature Gauges
(water)
Oil Pressure Gauges
Converter oil Temperature
Gauges
BRAKE SYSTEM:
Master Cylinder
Assembly
S
S
S
S
NA
NA
NA
NA
NA
NA
S
WINDSHIELD (Front)
FUEL TANK ASSEMBLY
HYDRAULIC SYSTEM:
Hydraulic Pump Assembly
Hydraulic Motor Assembly
Hydraulic Hoses
Control Valve Assembly
Hydraulic Cylinders
S
NA
S
S
S
NA
S
NA
S
NA
NA
NA
NA
NA
TRANSMISSION ASSEMBLY S
NA
TRANSFERCASE ASSEMBLY
NA
WINDSHIELD (rear)
STEERING SYSTEM:
Power Steering System
S
Steering Clutch Assembly with Disc Plate & Brake Lining
ACCESSORIES:
Dozer/Blade Assembly
Cutting Edges
Dragline Bucket
Backhoe Bucket
Fairlead assembly
(for crane)
Compressor
Boom Assembly
Lifting Block
NA
NA
NA
NA
NA
NA
NA
NA
Riper Assembly
End Bits
Clamshell Bucket
Ditching Bucket
Tagline Assembly
(for crane)
Cables
Boom Pulley
Others
NA
NA
NA
NA
NA
NA
NA
NA
39
REMARKS:
Fuel Injection Assy - for minor overhaul
Left Rear Side & Rear Bumper - with dents and scratches
Body of unit needs paint wash-over
Odometer Reading = 69,000 kms
Inspected by:
JUAN DELA CRUZ
(NAME)
Sr. TAS
(DESIGNATION)
40
ANNEX C2
CHECKLIST FOR UNSERVICEABLE EQUIPMENT:
VEHICLES/HEAVY EQUIPMENT
Equipment Description/Type L-200 1995 Model Prop.No. Plate No. UDR - 680
Unit Serial No. K14TYPSDE-839716 Engine Serial No.4D56-D6785
Acquisition Cost
P 495,000.00
Date
October 19, 1995
Date Reported as Unserviceable __Comparable Property_____
LEGEND:
S=
M=
Serviceable
Missing
X =
NA =
ENGINE:
Operating Condition
Injection Pump
Assembly
Injection/Nozzle Assy.
Fuel Pump Assembly
Cylinder Head Assembly
Water Pump Assembly
Radiator Assembly
Air Cleaner Assembly
Carburetor Assembly
Governor Assembly
Turbo Charger
Oil Cooler Assembly
No. of Cylinders
ELECTRICAL
Generator/Alterator
Assembly
Starter Assembly
Voltage Regulator Assy.
Solenoid Assembly
Ignition Coil Assy.
Magneto
Distributor Assembly
2/cap , rotor
Wiper Assembly
Unserviceable
Not Applicable
SUSPENSIONS:
S
FrontSpringAssembly
RearSpringAssembly
S
S
WHEELS:
S
S
S
S
Tires Front
Tires Rear
Spare Tire
S
S
S
NA
NA
NA
4
Front
Rear
NA
S
DIFFERENTIAL ASSY.:
Front
Rear
NA
S
NA
S
S
FINAL DRIVE
NA
NA
Sprocket Assembly
Drive Chain
NA
UNDERCARRIAGES:
NA
NA
NA
41
Headlight Assembly
Stop & Tail Light Assy.
Directional Light Assy.
(front & rear)
Battery
CLUTCH ASSEMBLY
CUSHIONS:
Front Seat
Rear Seat
Operators Seat
GAUGES:
Hour/Service Meter
Speedometer
Tachometer
Temperature Gauges
(water)
Oil Pressure Gauges
Converter oil Temperature
Gauges
BRAKE SYSTEM:
Master Cylinder
Assembly
S
S
S
S
NA
NA
NA
NA
NA
NA
S
WINDSHIELD (Front)
FUEL TANK ASSEMBLY
HYDRAULIC SYSTEM:
Hydraulic Pump Assembly
Hydraulic Motor Assembly
Hydraulic Hoses
Control Valve Assembly
Hydraulic Cylinders
S
NA
S
S
S
NA
S
NA
S
NA
NA
NA
NA
NA
TRANSMISSION ASSEMBLY
S
NA
TRANSFERCASE ASSEMBLY
S
WINDSHIELD (rear)
STEERING SYSTEM:
Power Steering System
S
Steering Clutch Assembly with Disc Plate & Brake Lining
ACCESSORIES:
Dozer/Blade Assembly
Cutting Edges
Dragline Bucket
Backhoe Bucket
Fairlead assembly
(for crane)
Compressor
Boom Assembly
Lifting Block
NA
NA
NA
NA
NA
NA
NA
NA
Riper Assembly
End Bits
Clamshell Bucket
Ditching Bucket
Tagline Assembly
(for crane)
Cables
Boom Pulley
Others
NA
NA
NA
NA
NA
NA
NA
NA
42
REMARKS:
Engine needs top-overhauling
Signal lights and Headlight Assy. - not original/Taiwan
Needs underchassis repair - brake system & Suspension Assy.
Odometer Reading = 97,500 kms.
Inspected by:
JUAN DELA CRUZ
(NAME)
Sr. TAS
(DESIGNATION)
43
ANNEX D
CHECKLIST OF PROPERTIES FOR DISPOSAL
AIRCON/REFRIGERATOR/FREEZER
Equipment Description/Type____________________________________
Unit Serial No.________________________Prop.No._________________
Acquisition Cost_______________________Date____________________
Date Reported as Unserviceable ________________________________
LEGEND:
S =
M=
Serviceable
Missing
ELECTRICAL:
Motor Compressor
Running Capacitor
Starting Capacitor
Selector Switch
Magnetic Contactor
Relay
Overload Protector
Condensed Fan Motor
Fan Motor
Time Relay Switch
Wiring
Solenoid
X =
NA =
Unserviceable
Not Applicable
MECHANICAL:
Compressor
Thermostat
Condenser
Evaporator
Filter Drier
Capillary Tube
H/L Pressure Switch
Expansion Valve
Strainer
Surge Tank
Heat Exchanger
Sight Glass
OTHERS:
Body
Casing
Front Cover
Air Filter Element
Inspected by:
______________________________
(NAME)
______________________________
(DESIGNATION)
44
ANNEX E
Republic of the Philippines
XYZ Corporation
DISPOSAL COMMITTEE
Manila
APPRAISAL REPORT
Date:_____________
Subject:
Findings/Observations:
1.
2.
3.
Note: With individual Checklist and pictures hereto attached.
Valuation Procedures/Consideration:
1.
2.
3.
4.
5.
45
6.
Appraised Value
______________
______________
______________
P ____________
Prepared by:
JUAN DELA CRUZ
Member
Disposal Committee
46
ANNEX F
47