The valuation is done annually by the independent expert R.Ellis, in
line with the Valuation Standards published on 31 July 2003 by the Royal
Institution of Chartered Surveyors (RICS) of the UK, and in line with
the International Valuation Standards (IVS) published by the
International Valuation Standards Committee (IVCS).
method used to value the assets for lease is Discounted Cash Flows and
the following assumptions were established:
-Cash flow discount period: 10 years
-Forecast for annual net
revenues and residual value at the end of the period
-Net revenues based on contracts and expected increase in
-Residual value according to the specific final yield for each
type of asset.