Two views of the future (Record no. 73311)

MARC details
000 -LEADER
fixed length control field 01904cam a2200241 4500
001 - CONTROL NUMBER
control field ABS66976
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 030901n2003 000 0 eng u
035 ## - SYSTEM CONTROL NUMBER
System control number (Sirsi) u123418
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Fowler, S.
245 ## - TITLE STATEMENT
Title Two views of the future
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2003
490 ## - SERIES STATEMENT
Series statement Estates Gazette
Volume/sequential designation (0334) 23 August 2003, 54-55(2)
520 ## - SUMMARY, ETC.
Summary, etc. Compares and contrasts two different valuation methods used for working out compensation claims for lost future profits of businesses ended by a compulsory purchase order. The LT frequently uses the method laid down in "Reynolds v Manchester City Council" (LT [1980] 257 EG 939) which adjusts the historical profits of the business, for example taking an average of the last three years' trading figures and capitalises them by applying a multiplier or years' purchase which is intended to produce an end figure which represents the value to the claimant of the loss of his ability to derive a future profit. The accountant's method applies a years' purchase figure or a price earnings multiplier to a future stream of earnings to arrive at a capitalised value for the business's future profits. The authors argue that both methods should produce similar values but warns that in many cases multipliers are not consistent which may lead to unfair levels of compensation for claimants for their losses. Provides a stock market comparison of the FTSE ratio used in "Reynolds" and that of the present day to illustrate the problem of applying multipliers.
590 ## - LOCAL NOTE (RLIN)
Local note ABS
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element GOODWILL
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element LOSSES
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element REYNOLDS V MANCHESTER CITY COUNCIL
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element SCENEOUT V CENTRAL MANCHESTER DEVELOPMENT CORPORATION
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element DIRECTOR OF BUILDINGS AND LANDS V SHUN FUNG IRONWORKS LTD
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN)
Topical term or geographic name as entry element ENVIRONMENTAL AND LAND CONSULTANCY-PLANNING AND DEVELOPMENT-COMPULSORY PURCHASE AND COMPENSATION
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Ewing, A.
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Suppress in OPAC 0
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Home library Current library Shelving location Date acquired Total Checkouts Full call number Barcode Date last seen Copy number Price effective from Koha item type
    Dewey Decimal Classification     London London Journal article 01/09/2003   ABS66976 123418-1001 06/08/2019 1 06/08/2019 Journal article