IAS 41 stipulates that in
order to determinate the fair value, one must calculate the updated value of net cash flows resulted from the assets’ usage. This procedure is available only if the fair value of the asset cannot be realistically determined, neither it can be determined using an active market, nor the purchase and production costs are eliminated. The asset’s net cash flows will be updated using the update rate determined by the market’s variations, assuming the asset will remain the same and in the same place. The net cash flows cannot include financial or fiscal payments, or cash flows used for reproducing biological assets after the harvest. In this case, the company can conduct an independent external evaluation for determining the value using planned cash flows.