TANGIBLE ASSETS REVALUATION POLICY AT ENTITIES LISTED ON THE BUCHAREST STOCK EXCHANGE - TIER II.

Each year before the preparation of annual financial statements the entity’s assets need to be presented and evaluated. In order to these assets to be recorded in the financial statements at fair value, they need regular revaluation. Revaluations should be made with sufficient regularity so that the accounting value does not differ substantially from that which would be determined using fair value at balance sheet date. This way, the true and fair view of the financial statements is guaranteed. The study contains an analysis of the 52 listed entities on the Bucharest Stock Exchange (BSE) tier II. on their revaluation policy, in relation with debt ratio of the entity, size of the entity, amount of tangible assets (tangible assets’ share in total assets) and in relation with the seniority (age) of tangible assets.