Company Background
BMI Technical Consulting (Biological Assets) Limited has been established
to meet the increasing demand for technical consulting services in relation
to biological assets. We provide professional and extensive technicalconsulting services in aspects of tree plantation, forestry, agriculture,livestock, aquaculture and fishery.
BMI Technical Consulting (Biological Assets) Limited is a member of BM
Intelligence Group. BM Intelligence Group is an international organization
specializing in business, financial and corporate consultancy as well as
valuation, investment and wealth management services.

International Accounting Standard 41 – Agriculture (IAS 41)& Hong Kong Accounting Standard 41 – Agriculture (HKAS 41)
IAS 41 and HKAS 41 are applied to account for the following when they relate to agricultural activity:
(1)
(2)
(3)

Biological assets;
Agricultural produce at the point of harvest; andGovernment grants related to a biological asset.

According to IAS 41 and HKAS 41, a biological asset is “a living animal or plant” and an agricultural produce is “theharvested product of the entity's biological assets”.
Agricultural activity covers a wide range of activities, including raising livestock, forestry, annual or perennial
cropping, cultivating orchards and plantations, floriculture, and aquaculture (including fish farming). Examples of
biological assets in relation to the above activities may include cattle, pigs, sheep, chickens, ducks, fish, shrimps,lobsters, abalones, vegetables, fruits, etc.
According to IAS 41 and HKAS 41, an entity shall recognize a biological asset or agricultural produce when, and only when:
(1)
(2)
(3)

The entity controls the asset as a result of past events;
It is probable that future economic benefits associated with the asset will flow to the entity; andThe fair value or cost of the asset can be measured reliably.

A biological asset shall be measured on initial recognition and at the end of each reporting period at its fair valueless costs to sell, except for the case where the fair value cannot be measured reliably.

Our Professional Services
We have a team of experienced professionals with expertise in offering the following services:
Assisting you to comply with IAS 41 and HKAS 41
Assessing the values of agricultural assets or forests
Assessing the value of the intangible asset (concession rights) related to agricultural activity
Assessing the value of the land / property related to agricultural activity
Agriculture / forest investment or financial due diligence
Evaluating the growing conditions of agricultural assets or forests
Agriculture / forest ecology and management
Geographical Information System (GIS) data collection, analysis and modeling
Besides, our experts can advise you on how to enhance the productivity of your assets by, for example, improving
the conditions where the agricultural assets or forests are planted. Our services also cover the entire value chain
from biomass to end-products in forest, chemical, biological and energy industries.

Our Professional Qualiﬁcations
Council Member of China Forestry Society
Council Member of China Forestry Ecology Society
Council Member of Forest Tree Improvement and Breeding Sub-Society
Council Member of Forest Tree Introduction Sub-Society
Council Member of Developing Forest in Poverty Regions Programs, China (The World Bank Loan)
Council Member of Eucalypt Tree Species Sub-Society
Council Member of the Forest Ecology Committee of Chinese Society of Forestry
Member of Horticulture Society of Guangdong Province
Member of Guangdong Province Litchi and Longan Society
Member of Institute of Tropical and Subtropical China
Member of Royal Forestry Society
Member of Japanese Society of Tropical Ecology
Member of the Evaluation Committee of Guangdong Nature Protection Zone
Member of the Long-term Ecology Committee of the Ecological Society of China
Professor of Chinese Academy of Forestry
Tree Specialist Employed by the World Bank
Academic Committee of Institute of Tropical Forestry
Director of Ecological Society of China
Director of Ecological Society of Guangdong
Chief Expert of Monitoring and Evaluation of Forest Ecological Beneﬁts Research, Chinese Academy of Forestry
Chief Researcher of the Research Institute of Tropical Forestry of the Chinese Academy of Forestry
Associate Researcher of Institute of Fruit Tree Research Guangdong Academy of Agricultural Science

Our Experience
We have extensive experience in providing a wide spectrum of technical consulting services to clients worldwide.
Our experience covers the following main categories:
Tree Plantation
Livestock

Forestry
Aquaculture

Agriculture
Fishery

Biomass
Poultry

With respect to living animals, they are usually further divided into livestock, poultry and ﬁsh. Livestock may include
cattle, pigs and sheep. For poultry, chickens and ducks are the common species. In terms of fish, in addition todifferent kinds of ﬁshes, shrimps, lobsters, abalones, etc. are also commonly invested.
With regard to plants that we have valued, they can be sub-categorized into trees and agricultural products. While
the former may include a vast variety of tree species, the latter usually contains corps covering vegetables, fruits
and vineyard.
For more details, please refer to our track record of biological assets as per attached.

Our Technical Consulting TeamDr. Li Yide

Mr. Li Zhiqiang

Dr. Li Yide has worked in the Research Institute ofTropical Forestry of the Chinese Academy of Forestrysince 1982. He is currently a researcher of the Chinese
Academy of Forestry, the director of the “State Pilot
Station of Key Field Scientific Observations – State
Field Scientific Observation and Research Station ofJianfengling Forest Ecosystem in Hainan” operated by
the Ministry of Science and Technology and the StateForestry Administration. He is a committee memberof several reputable forestry / ecological societies
in China, such as the Research Institute of Tropical
Forestry of the China Academy of Forestry, the directorof the Ecological Society of China and a member of theLong-term Ecology Committee of the Ecological Societyof China, etc.

Mr. Li Zhiqiang is currently an associate researcher of theInstitute of Fruit Tree Research of Guangdong Province
Academy of Agricultural Science, a member of theChina Citrus Society, a member of Horticulture Societyof Guangdong Province, and a member of Guangdong
Province Litchi and Longan Society. He is also anevaluation expert of the Science and Technology Planning
Project of Guangdong Province in 2011.
He has published 5 books, 22 journals and about
100 scientific papers relating to citrus, litchi andlongan. He also has been granted 5 awards including
the Guangdong Provincial Science and Technology
Progress Award and the Guangdong Provincial NaturalScience Award.

Dr. Xu Jianmin
Dr. Xu Jianmin is currently the chief expert in forestgenetics and breeding of the Institute of Tropical Forest
Research of the Chinese Academy of Forestry. He isalso a senior member of the China Forestry Society, acouncil member of the Forest Tree Improvement andBreeding Sub-society of the China Forestry Society, amember of the Forest Introduction and Domestication ofthe China Forestry Society, and a council member of theEucalypt Tree Species Sub-society of the China Forestry
Society. He has been designated as internal expert ofthe Guangdong Province Situation Investigation andCountermeasure Consultation since 2005.

Our Contact
Hong Kong Headquarters
33rd Floor, Shui On Centre, Nos. 6-8 Harbour Road, Wanchai, Hong Kong
Tel: (852) 2802 2191
Fax: (852) 3184 0186
Contact: Dr. Tony Cheng
Direct: (852) 2593 9633
Email: tcheng@bmintelligence.com
Contact: Mr. Marco Sze
Direct: (852) 2593 9630
Email: msze@bmintelligence.com
Company Website: www.bmitc-bioassets.com

Singapore Ofﬁce

Malaysia Ofﬁce

4 Robinson Road #08-01 Singapore 048543
Tel: (65) 6535 9595
Fax: (65) 6535 9592
Contact: Dr. Tony Cheng
Email: tcheng@bmintelligence.com

Unit A-1-1, 1st Floor, 8 Avenue Jalan Sungai Jernih 8/1, Seksyen 8,46050 Petaling Jaya, Selangor Darul Ehsan, Malaysia
Tel: (603) 7956 1308
Fax: (603) 7956 1039
Contact: Dr. Tony Cheng
Email: tcheng@bmintelligence.com
Contact: Mr. Leonard P.W. Leong
Email: lleong@yongleonard.com