Valuation of foreign equity in unlisted companies: OFBV method values holdings as company net worth multiplied by non resident percentage.

Valuation uses the OFBV method: market value of equity held by non residents = company net worth for the relevant year x proportion of non resident equity holding. Net worth = paid up equity and participating preference share capital + reserves and surplus - accumulated losses. The Annual Return on FLA web form auto calculates this field, so companies are not required to compute it separately.

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