Overview

Engaged to deliver financial reporting and insurance valuations for an Australian based International Airport. Required alignment with international valuation standards, Australian Accounting Standards, and Insurance Broker requirements.   

Scope

• Valuation of landside buildings and infrastructure along with airside buildings and infrastructure.
• Included comprehensive inspections of all assets including airside infrastructure such as runways, taxiways, aprons, lighting and hangars.
• Included condition assessments, updated asset data, and componentised financial asset records for the asset base.
• Fixed Asset Register advisory and refinement for accuracy.

Approach

• Robust project management framework with Gantt charts, SharePoint access, milestone tracking, and structured stakeholder meetings.
• Comprehensive reporting with asset descriptions, useful life estimates, COPE data for insurers, and condition ratings.
• Close collaboration with the Airport’s facilities teams to gain a greater understanding of changes, challenges, utilisation, and fit-for-purpose aspects of the asset base.

Outcome

• Delivered detailed, audit-ready valuations that exceeded client expectations.
• Significantly improved financial reporting outcomes under audit scrutiny, achieving the clients strongest result to date.
• Established a benchmark for future valuation engagements in the airport sector.
• Strengthened client partnership through transparency, compliance, and quality execution.