DISCLAIMER:
PLEASE TAKE NOTE that this report is what is commonly referred to as a Business Appraisal.
In this Business Appraisal Report the author has utilised the “Departure Provision”. This
provision allows the appraiser to eliminate parts of the report that the Client would be totally
familiar with and thus provide an appraisal report that is cost effective for the Client.
The Client has requested that Paul Nielsen (hereafter called ‘THE APPRAISER’) prepare an
Opinion of Value in a Summary Appraisal format with regard to the Client’s business.
Utilising the Departure Provision should not and does not, lessen the status of an appraisal
report. The parts of the report that were eliminated but that were researched were: A written
history of the company, the local and national economy, industry forecasts and a step by step
display of all formulas and calculations used to form the opinion of value.
THE APPRAISER was retained by its Client, who is thoroughly familiar with the business and all
past and future performance information in this report have been based on information provided
by the Client and other sources deemed to be reliable.
THE APPRAISER expressly disclaims any liability from any reader of this report to generate
any future income, cost and expense potential or other expectations as may be stated in this
report and advises any user of this report to seek professional advice before taking any action.
Contingent & Limiting Conditions/Departure Conditions
1. THE APPRAISER, by reason of performing this Business Appraisal and preparing this report, is not to
be required to give testimony nor be in attendance in any court or any governmental hearing with
reference to matters herein, unless prior arrangements have been made with THE APPRAISER
relative to such additional employment.
2. The APPRAISER assumes no responsibility for matters of a legal nature affecting the business
appraised or the title thereto, nor does THE APPRASER render any opinion as to the title , which is
assumed to be good and marketable. The opinion of value of the business is made on the basis that
the business is under responsible ownership.
3. THE APPRAISER assumes no responsibility for any environmental issues relating to the business
being valued and has not inspected any records or done any searches or a specific inspection
relative to any problems that may exist now or at any time in the future.
4. This appraisal is based on a specific period of time. Data for this period of time has been collected
from several sources. The particular market environment may not be exhibited again in the future. A
Business Appraisal is based on market data and research of factors surrounding the subject at a
particular point in time. THE APPRAISER assumes no responsibility for errors in data available from
sources external to THE APPRAISER.
5. The APPRAISER is indemnified against any and all issues that may arise from the use of this report.
The Client agrees to hold as harmless against and from any and all losses, claims, actions,
damages, expenses or liabilities, including reasonable legal counsel, to which we may become
subject in connection with this engagement.
6. The reader of this report agrees that in the event that THE APPRAISER is judged to have acted
negligently in the execution of this engagement by a final inoperable court order, damages shall be
limited to an amount not to exceed the fee received by THE APPRAISER for this engagement.
7. THE APPRAISERS liability for injury or loss, if any, arising from the services provided shall not
exceed A$3,000 or THE APPRAISERS fee, whichever is the lessor. Increased liability limits may
Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19