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    • Grant Thornton in Hungary

          • The key to success is a partner with comprehensive knowledge and many years of experience. Our ambition is to serve dynamic organizations and we understand ourselves as specialists for the Central European region.

            Being a member firm of Grant Thornton enables us to represent the interests of our clients even outside of Central Europe. We think that the key to success is to have partners with comprehensive knowledge and many years of experience.

            Our consultants are specialists for the Central European region and our firm has strong links with Grant Thornton member firms in the region.

            Over the past years, Grant Thornton has built a strong position on the Hungarian market as a provider accounting, payroll, valuation and Corporate Finance services.

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    • Audit & Assurance

          • Audit & Assurance

            • Mandatory audits and voluntary audits of single-entity and consolidated financial statements
            • Obligatory and voluntary audits of annual financial statements and group financial statements
            • Audits of foundations
            • Due diligence audits
            • Audits pursuant to capital market law (listing prospectuses and investment fund annual reports)
            • High Level Reviews
            • Agreed upon procedures
            • Special audits (company transformations, mergers, special audits according to stock corporation law, etc.)
            • Accounting audits and management audits, especially as auditors of associations
            • Audits for fraud detection
    • Tax consultancy
    • Tax compliance
    • Accounting

          • Accounting

            • Journal entry of ongoing business transactions and computer-based record-keeping
            • Compilation of regular analysis reports and information on business development
            • Preparation of single-entity financial statements, notes to financial statements and drafting assistance for the report of the management board
            • Preparation of tax returns
            • Notifications to the Companies Register and other public authorities
    • Payroll

          • Payroll

            • Full-scale payroll services, calculation of salaries, taxes and contributions to be paid
            • Management of payroll reports, online sending of pay slips to employees, with password protection
            • Preparation and filing of data disclosures, returns and notifications to the authorities
            • Administration of new and leaving employees
            • Monitoring and administration of leaves and other absences
            • Preparation of employer’s certificates, tax certificates
            • Administration of terminations of employment, resignations, dismissals
            • Salary payments by bank transfer
            • Completion of tax and social security transfer orders
            • Social security benefit claims and administration
            • Performance of social security paying agent duties
            • Representation before the authorities in case of audits
            • Preparing reports
            • Payroll and employment administration advisory service
    • Strategic consultancy

          • SPECIAL AREAS OF EXPERTISE

            • Corporate governance by owner model
            • Succession management, generational change
            • CEO consulting
            • Creation of corporate strategy
            • Developing effective, collaborative, visible management
            • Development of sales organisations
            • Business mentoring for middle and senior managers
            • Interim management
            • Consultancy in case of planned outsourcing
            • Subsidies related to company formation
            • Business plans and feasibility studies
            • Consultancy and support prior to negotiations with banks
    • Transaction advisory service

          • Corporate Finance

            • Mergers, acquistions (sale side and purchase side Consulting)
            • Organization of tenders
            • Set up transaction structures
            • Due diligence
            • Project, debt and equity financing
            • Valuation services
            • Public and private capital market transactions (ECM, DCM)
    • Labour administration & HR services

          • Labour Administration

            • Payroll preparation administration: support for the payroll accounting activities, pre-processing of lost working time, vacation days, absences due to illness. Collecting the input data for and preparing them for payroll accounting.
            • Tasks arising in connection with working time banking system, monitoring the issuance of rest periods and ensuring compliance with the rules of maximum working time.
            • Preparing, updating and modifying of HR personnel materials. Drawing up the documentation necessary for terminations of employment.
            • If required, labour registration tasks, requesting social security and tax identification numbers.
            • Conducting internal audits at regular intervals, making recommendations for eliminating any deficiencies identified.

          • HR contact representation:

            • Maintaining contact with employees via the designated channel of communication, to answer everyday questions.
            • Designation of a liaison person between internal financial departments and payroll accounting.
            • Providing opinions with respect to dubious situations, being continuously available for consultation in HR-related questions.

          • HR Consultancy:

            • Development of HR processes, structural systematisation, overview and due diligence of positions and work organisation, organisational development consultancy.
            • Establishing compensation systems, with the examination of tax and expense consequences, as well as internal policies Creating cafeteria and grade systems.
            • Labour market consultancy, supporting recruitment and selection, from the identification of labour demand needs to implementing the onboarding process.
            • Surveying the needs for, as well as creating internal policies contributing to more efficient operations.
    • Valuation

          • Financial Valuations:

            • Company valuation
            • Valuation of intangible assets (know-how, brand name, licence, technology, software, etc.)
            • Business planning
            • Market modelling
            • Capitalization rate structuring
            • Purchase price allocation
            • Impairment testing (IFRS, US GAAP)
            • AMADEUS database research and benchmark studies for transfer pricing

          • Fixed Asset Valuation:

            • Real estate valuation
            • Machinery and equipment valuation
            • Collateral valuation
            • Independent technical advisory
            • Feasibility studies
            • Technical due diligence
            • Valuation for insurance purposes
            • Remaining life estimation
    • Controlling and management reporting

          • Controlling

            • Interim financial management
            • Reviewing of financial systems and processes
            • Design, implementation and operation of controlling and reporting systems
            • Management of the introduction of business intelligence (BI) and enterprise resource planning (ERP) systems
    • Accounting and Tax automation
    • Transfer Pricing Advisory

          • Transfer Pricing Advisory

            • Transfer pricing advisory
            • Preparation of transfer pricing documentation
    • Whistleblowing

          • Whistleblowing

    • NIS2 consultancy
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    • Build your career at Grant Thornton

          • Build your career at Grant Thornton

            As a dynamic and growth-oriented company, we offer excellent career opportunities in an international environment.

            We welcome applications by both career-starter and experienced candidates in the following areas: tax consultancy, auditing, accounting and payroll, corporate consultancy, corporate finance and asset valuation.

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ServicesValuation

 

 

 

 

 

 

Valuation

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Valuation

Grant Thornton Valuation Kft., is one of the oldest (established in 1990) asset valuation companies in Hungary with an international background – formerly called American Appraisal Hungary Vagyonértékelő Kft. – which has been a member Grant Thornton’s international network since 2016 and also operates as an independent company within the group. The principal activity of the company is asset valuation, and specifically

  • financial valuation, and
  • fixed asset valuation

 

The reports prepared by us range in their topics from the valuations of single items of machinery and equipment to real estates and complex enterprises.  The provided valuation services are used for financial reporting, company transformation, collateral financing, insurance, sale or purchase transactions, liquidations, mergers and acquisitions, etc.  As a member of an international network, we have been in contact with many financial institutions for years, and we are on the list of their recommended fixed asset appraisers and independent technical advisers.

 

The financial valuation team offers services to clients in the following areas:

  • company valuation, valuation of intangible assets (know-how, brand name, licence, technology, software, etc.);
  • purchase price allocation (IFRS, US GAAP);
  • the preparation of transfer pricing documentation, TP Catalyst database research and benchmark analysis for transfer pricing.
  • Business planning
  • Market modelling
  • Capitalization rate structuring

 

The fixed assets valuation team can be subdivided into two main groups, based on the services provided:

  • real estate valuation, and
  • machinery and equipment valuation.

 

In addition to the above, the following services have also gained significance in recent years:

  • independent technical advisory for banks,
  • technical due diligence,
  • financial due diligence, and
  • the preparation of feasibility studies.

 

  • Collateral valuation
  • Valuation for insurance purposes
  • Remaining life estimation

 

In each of these business areas, clients include several large and prominent companies and groups (e.g. Veolia, MOL, Bayer Construct, Lidl, OTP, Magyar Telekom, Hunent, G&B Partners, GT Global, etc.), which have chosen our company for many years to provide valuations, technical advisory and due diligence services for their large projects, thanks to our high-quality work, helpfulness colleagues, continuous availability and the consistent meeting of the deadlines undertaken.

Based on our experience, what is most important for our clients in their decision making, and what tips the scales in our company’s favour, is our independence, as well as the fact that we are almost the only Hungarian asset valuation company listed as an approved appraiser and technical expert by all major banks (currently 17). As the reports prepared by us are mainly used for the preparation of sale and purchase transactions, accounting transactions, mergers, loan applications and/or project financing, cooperation with banks is essential. What is also important to note is that our company deals with the valuation of residential real estate only in exclusive cases.

PARTNER | VALUATION Ágoston Jakab More
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