Fair Value Schedule

The Fair Value Schedule provides a structured report of the fair values of all digital assets held at a specific reporting date. It is designed for auditors, CFOs, and financial controllers who need to report digital asset portfolios at fair value in accordance with IFRS 13 or equivalent standards.

What Is Fair Value?

Under IFRS 13, fair value is defined as the price that would be received to sell an asset in an orderly transaction between market participants at the measurement date. For digital assets, this typically means the quoted price on the primary active market at the close of the reporting date.

Schedule Structure

The Fair Value Schedule includes the following columns for each digital asset:

| Column | Description | |---|---| | Asset | Token name and ticker symbol | | Blockchain | The blockchain network | | Quantity | Total units held at the reporting date | | Cost Basis | Historical acquisition cost in the reporting currency | | Fair Value (Unit) | Fair value per unit at the reporting date | | Fair Value (Total) | Total fair value (quantity x unit price) | | Unrealized Gain/Loss | Difference between fair value and cost basis | | Fair Value Level | IFRS 13 hierarchy level (1, 2, or 3) | | Primary Market | The exchange or venue used as the pricing source |

Fair Value Hierarchy

Digital assets are classified into the IFRS 13 fair value hierarchy:

| Level | Criteria | Example | |---|---|---| | Level 1 | Quoted prices in active markets for identical assets | BTC on a major exchange with high daily volume | | Level 2 | Observable inputs other than Level 1 quoted prices | Token with pricing derived from a correlated active market | | Level 3 | Unobservable inputs requiring significant judgment | Illiquid governance token with no active market |

See Fair Value Classification for detailed classification criteria and methodology.

Pricing Methodology

The platform determines fair value using the following approach:

1. Identify the principal market — The market with the greatest volume and level of activity for the asset.
2. Obtain the closing price — The last traded price on the principal market at 23:59:59 UTC on the reporting date.
3. Cross-validate — Compare with prices from at least two additional independent sources.
4. Apply adjustments — For Level 2 and Level 3 assets, apply valuation adjustments as necessary (e.g., liquidity discounts).

Generating a Fair Value Schedule

1. Navigate to Audit > Fair Value Schedule in the dashboard.
2. Select the reporting date (e.g., 31 December 2025).
3. Select the reporting currency (CHF, EUR, USD, GBP, or other).
4. Choose the portfolio scope (all wallets, specific wallets, or specific assets).
5. Click Generate Schedule.
6. Review the generated schedule, verify Level 3 classifications, and export.

Export Formats

• PDF — Formatted report suitable for inclusion in financial statements.
• Excel (.xlsx) — Editable spreadsheet for further analysis and auditor work papers.
• CSV — Raw data export for import into accounting or ERP systems.

Historical Schedules

You can generate fair value schedules for any historical date. This is useful for:

• Comparative financial statements (current year vs. prior year)
• Interim reporting (quarterly or semi-annual)
• Restating historical financial positions
• Audit evidence for prior periods

Integration

The Fair Value Schedule integrates with:

• Impairment Testing — Fair values serve as the basis for impairment testing under IAS 36.
• Disclosure Notes — Fair value data populates the fair value measurement disclosure note.
• IFRS Reports — The schedule is included as a component of IFRS-compliant reporting packages.