SINGAPORE - Singapore companies will receive more guidance on how to disclose and communicate the value of their intangible assets, under a new framework that is among the first of its kind globally.
The framework provides guidelines on how companies can identify and disclose various non-physical assets – such as brand value, patents and registered designs – to the likes of lenders, board members and investors. The roll-out of the IDF comes amid a boom in intangible assets, driven by the rise of the digital economy. Such assets make up more than 90 per cent of the value from S&P 500 companies.
A recent Ipos survey showed that four out of five enterprises wished they had more opportunities to use their intangible assets for business, including obtaining financing.