GB/T 31047-2023 PDF in English
GB/T 31047-2023 (GB/T31047-2023, GBT 31047-2023, GBT31047-2023)
| Standard ID | Contents [version] | USD | STEP2 | [PDF] delivered in | Name of Chinese Standard | Status |
| GB/T 31047-2023 | English | 245 |
Add to Cart
|
0-9 seconds. Auto-delivery.
|
Brand valuation -- Food processing and manufacturing industry
| Valid |
| GB/T 31047-2014 | English | 399 |
Add to Cart
|
3 days
|
Brand valuation -- Food processing and manufacturing industry
| Obsolete |
Standards related to (historical): GB/T 31047-2023
PDF Preview
GB/T 31047-2023: PDF in English (GBT 31047-2023) GB/T 31047-2023
GB
NATIONAL STANDARD OF THE
PEOPLE’S REPUBLIC OF CHINA
ICS 03.140
CCS A 00
Replacing GB/T 31047-2014
Brand Valuation - Food Processing and Manufacturing
Industry
ISSUED ON: MARCH 17, 2023
IMPLEMENTED ON: MARCH 17, 2023
Issued by: State Administration for Market Regulation;
Standardization Administration of the People’s Republic of China.
Table of Contents
Foreword ... 3
1 Scope ... 4
2 Normative References ... 4
3 Terms and Definitions ... 4
4 Brand Strength ... 5
5 Evaluation Model ... 7
6 Evaluation Process ... 9
Appendix A (informative) Brand Strength Indexes and Descriptions ... 12
Appendix B (informative) Optional Evaluation Methods ... 14
Bibliography ... 16
Brand Valuation - Food Processing and Manufacturing
Industry
1 Scope
This document provides the brand strength, evaluation model and evaluation process of brand
valuation in the food processing and manufacturing industry.
This document is applicable to the enterprises and products in the food processing and
manufacturing industry in carrying out brand valuation.
This document is not applicable to the evaluation of regional brands.
2 Normative References
The contents of the following documents constitute indispensable clauses of this document
through the normative references in the text. In terms of references with a specified date, only
versions with a specified date are applicable to this document. In terms of references without a
specified date, the latest version (including all the modifications) is applicable to this document.
GB/T 29185 Brand - Vocabulary
GB/T 29186 (all parts) Evaluation of Brand Value Elements
GB/T 29187 Brand Valuation - Requirements for Monetary Brand Valuation
GB/T 29188 Brand Valuation - Multi-cycle Excess Earnings Method
3 Terms and Definitions
What is defined in GB/T 29185, GB/T 29186 (all parts), GB/T 29187 and GB/T 29188, and the
following terms and definitions are applicable to this document.
3.1 food processing
Food processing refers to various operations that change the shape, size, nature or purity of raw
materials of food or semi-finished products, so that they can conform to the food standards.
[source: GB/T 15091-1994, 2.3]
3.2 food manufacturing
Food manufacturing refers to the entire process of processing raw materials of food or semi-
finished products into substances that can be eaten or drunk by human beings.
[source: GB/T 15091-1994, 2.2]
4 Brand Strength
4.1 Overview
The forecasting and calculation indexes of brand strength of the food processing and
manufacturing industry include: tangible element (K1), quality element (K2), innovation element
(K3), service element (K4) and intangible element (K5). See Appendix A for the evaluation
indexes and contents at all levels.
4.2 Tangible Element
The evaluation indexes can include:
---market leadership;
---market development capability;
---profitability.
4.3 Quality Element
The evaluation indexes can include:
---product quality and food safety level;
---product quality and food safety management level;
---food quality and food safety credit status.
4.4 Innovation Element
The evaluation indexes can include:
---innovation capability;
---innovative achievements.
4.5 Service Element
The evaluation indexes can include:
---service capability;
---customer relations.
Different evaluation objectives will affect the evaluation procedures, evaluation accuracy and
the form of results reporting.
6.2 Determine Evaluation Object and Scope
Before the evaluation, the evaluation object shall be identified, defined and described, including
the scope of its products or services, and the scope of brand valuation, etc.
6.3 Judge the Applicability of Evaluation Method
In accordance with the characteristics of the brand being evaluated, judge the applicability of
the evaluation method.
When selecting an evaluation method, the following factors may be considered, but not limited
to:
a) Evaluation objective;
b) Brand management status, for example, profitability;
c) Availability of the data of various evaluation indexes involved in the method;
d) Consistency requirements for evaluation results.
6.4 Determine Model Parameters
In accordance with the relevant monetary policies and industry development policies of the
country, region and industry where the brand is located, the economic conditions of the current
market and the selected evaluation method, determine the following model parameters:
a) Year and cycle of evaluation;
b) Earnings forecasting method;
c) Perpetual growth rate within the evaluation cycle;
d) Industry average return on assets;
e) Proportionality factor for the portion of the intangible asset income attributable to the
brand.
6.5 Collect Evaluation Data
Follow the principles of authenticity, accuracy and objectivity, collect all kinds of data needed
for evaluation.
The channels for obtaining evaluation data include, but are not limited to:
---Information and data publicly released or provided by the brand being evaluated;
Appendix B
(informative)
Optional Evaluation Methods
B.1 Cost Approach
The cost approach is an evaluation approach of forecasting and calculating the brand value by
deducting the depreciation caused by various losses on the basis of the replacement cost of
brand building. When adopting this approach, the brand being evaluated should satisfy, but not
limited to the following conditions:
---The brand being evaluated can continue to be used, that is, it can bring prospective
earnings to its owner;
---There are cost information on brand establishment and maintenance, etc.
B.2 Market Approach
The market approach forecasts and calculates the value of the brand being evaluated by
comparing the similarities and differences between the brand being evaluated and the
comparable brand, and adjusting the evaluation value of the comparable brand. When adopting
this approach, the brand being evaluated should satisfy, but not limited to the following
conditions:
---The existence of comparable brands similar to the brand being evaluated;
---Be able to collect and obtain market information, financial information and other
relevant materials of the comparable brands;
---For the comparable brands, multiple brands in the same industry are generally chosen
for comparison, and the most reasonable and appropriate brands are selected from them.
NOTE: there are few relevant cases of brands being traded as independent assets. In addition, even
if data of the comparable objects is available, the characteristics of the brand being
evaluated may be significantly different from those of the few brands being traded.
B.3 Incremental Cash Flow Method
The incremental cash flow method identifies the cash flow generated when the enterprise uses
the brand compared to when the brand is not used. When adopting this method, the brand being
evaluated should satisfy, but not limited to the following conditions:
---The cost-saving cash flow generated compared to when the brand is not used by the
subject of evaluation;
......
Source: Above contents are excerpted from the PDF -- translated/reviewed by: www.chinesestandard.net / Wayne Zheng et al.
|