1.1 Subject matter of the contract
- The subject matter of this contract in the "Starter" module is the provision of the eValuation online platform with company valuation functionality in accordance with the market multiple-based approach.
-
Upon conclusion of the contract, the client is granted access to his/her individual online account on the eValuation online platform.
-
In the online environment, the client is given the possibility to value one company or one division after entering several financial indicators ("data") according to the valuation method specified above.
-
Capital market data which are obtained from external suppliers and updated once a month are required to calculate the company's value according to the aforementioned valuation method.
-
Within eValuation, PwC provides the client with input masks to record relevant financial data, the calculated derivation of the company's value according to the aforementioned approach, and a dashboard on which the calculated corporate value is illustrated within a range.
-
Results are displayed to the client in the browser as part of the dashboard of his/her online account. The client can also make changes to the data he/she entered using the dashboard.
-
PwC assumes that the budgets entered provide a sufficient economic definition of the object being valued. A review of these assumptions is not part of our engagement. In accordance with the terms of our engagement, we did not perform a plausibility check on the planning used to calculate the value derivation. PwC only verified the mathematical accuracy and the coherence of the data.
-
Particular audit procedures within the meaning of Section 316 ff HGB are not components of our engagement.
-
PwC explicitly points out that eValuation is based on a number of simplifying assumptions and does not represent a company valuation pursuant to the principles for conducting the valuation of companies laid down in IDW Standard S1 published the Institut der Wirtschaftsprüfer in Deutschland e.V.
-
The services which PwC renders within the scope of the "Starter" module equate to a simplified valuation and serve as aids for the client's preparation and decision making. In this context, PwC does not perform any management functions for the client.
-
The analysis of the data in the "Starter" module does not represent individual legal, accounting, tax or other professional information or recommendations, and it is not a suitable replacement for individual consultation by specialists in consideration of the specific circumstances in each particular case.
1.2 Usage fee and period
- The subscription fee for utilising eValuation in the "Starter" module for a 3-months period is EUR 199 plus VAT.