Match Plan assists Ebusco with impairment test

Match Plan has supported Ebusco with a variety of valuation issues in the preparation of its financial statements, including the annual goodwill impairment test.

About Ebusco

Ebusco, together with its subsidiaries, develops, manufactures and distributes zero-emission buses, batteries and charging systems in the Netherlands, Belgium, France, Germany, Norway, Switzerland and Denmark. They develop their key hardware and software innovations in-house with an extensive team of engineers, product developers and dedicated R&D professionals with significant expertise in aerospace and automotive manufacturing. It also sells ancillary items and services and provides repair and maintenance services for the electric vehicle ecosystem. The business was founded in 2010 and is headquartered in Deurne, the Netherlands.

Role of Match Plan

Match Plan has supported Ebusco with a variety of valuation issues in the preparation of financial statements, including the annual impairment test of goodwill. An impairment test is an examination to check whether the value in the accounts still corresponds to the actual value of a business. In fact, intangible assets (think goodwill or brand name, for example) may be impaired. This often occurs when market conditions have changed.

This valuation assignment was carried out under the responsibility of Richard Peeters (Director Valuations).