$200 Billion & Rising Seminar - 6 March

‘Valuation of Infrastructure Assets’

Wednesday 6th March - DLA Philips Fox, Customhouse Quay, Wellington


The Seminar:


Previously known as the ‘Valuation of Infrastructure Assets’ Seminar - this practical one day workshop will take attendees through a series of presentations, case studies and workshops with the outcome of developing and applying valuation frameworks relevant to the wide variety of assets they manage.


Why you should go:


A key component of good asset management practices is the completion of reliable, consistent and comparable valuations of infrastructure assets. Such valuations also contribute to better accountability to stakeholders and, of course, better decision making by those who manage these assets.


Whether you intend to undertake part of the asset valuation yourself, or you intend to engage someone else to undertake it on your behalf, it is important you and your colleagues understand the principles of valuing infrastructural assets.  Valuing infrastructure assets can be tricky unless you know what is involved.


On completion of the seminar attendees will:


• Understand the principles behind the valuation of infrastructure assets

• Have a good understanding of the asset valuation process

• Be aware of the key issues to consider when valuing different groups of assets


Aspects of valuation covered in the seminar include:


Ø  Overview of NAMS Valuation and Depreciation guidelines

Ø  Why we undertake valuations

Ø  The asset valuation process

Ø  IFRS requirements

Ø  Auditor General feedback on valuations

Ø  Generic Valuation issues– who can do valuations, initial recognition of costs, componentisation, useful lives, optimisation, unit replacement costs, methods of depreciation

Ø  Network specific valuation issues

Ø  Transportation, Utilities, Parks and Recreation, Property, Heritage assets

Ø  Case Studies and worked examples



Who should attend:

Ø  Finance staff

Ø  Asset Managers

Ø  Owners of the Asset and fixed Asset registers

Ø  Consultants involved in valuing infrastructural assets


The Presenter:


Brian Smith

Brian is an Economist and Chartered Accountant graduating from the University of Canterbury in 1975. Brian had a long career (28 years!) in Audit NZ and the Office of the Auditor General where he had a variety of roles starting as a “beancounter” financial auditor and ending up as a Director of Specialist Assurance Services when he left Audit in 2004.

In the mid 1990s Brian had an audit liaison role with ALGENZ (as it was then known), which rapidly transpired into a close working relationship on the emerging asset management issues in local government.

Brian became a founder member of the NAMS Steering Committee from 1996 until he left Audit NZ in 2004. During that time Brian was involved in the production of NAMS manuals, guidance and training courses. Brian joined MWH in 2004 as a management consultant specializing in LTCCP planning, asset management and governance reviews. In 2007 Brian left MWH to start his own consultancy – again specializing in asset management and long term planning in the public sector. Brian is a training facilitator in a variety of NAMS asset management seminars.

In 2008 Brian was invited to be a director of the NAMS Board – a position he was delighted to accept and has been part of the NAMS team since.

Brian sees the key issues for asset management in NZ as:
-> Bringing local government asset planning to a more advanced level with the need to delve into more detail the financial and costing issues in levels of service option analysis and optimised decision making
-> That other sectors in the public service (central government, tertiary education etc) approach asset management in the same manner as local government (“don’t re-invent the wheel”)
-> That the NZ Infrastructure Plan, due late 2009, provides a springboard and additional catalyst for integrated asset management



   DLA Phillips Fox

50-64 Customhouse Quay







8.30 - 9.00            Registration/Coffee

9.00 - 10.15          Session 1

10.15 - 10.30        Morning Tea

10.30 - 12.30        Session 2

12.30 - 1.00          Lunch

1.00 - 2.40            Session 3

2.40 - 3.00            Working Afternoon Tea

3.00 - 4.00            Session 4

4.00 - 4.10            Conclusion/Feedback


All refreshments and lunch provided

Please let us know when registering if you have specific dietary


Two easy ways to Register


1.      Fill out our online registration for credit card and purchase orders

2.      Email your details to trina@ingenium.org.nz 



AECOM GHD Opus SPM Assets Waugh Infrastructure BECA
To achieve our vision "Enhancing the well being of New Zealand communities through leadership of Asset Management" NAMS is supported through a partnership programme. NAMS would like to acknowledge all of its partners for their support.