This paper points to the effects of expression of the fair value of tangible fixed assets in the reported financial position of the company. Today, most of the decisions related to the management of the company are based on information about financial developments within the company and its surroundings. Therefore, it is extremely important to choose the correct method of valuation of property. The paper defines the initial recognition and valuation of tangible fixed assets and are explained methods allowed subsequent measurement of which is the expression value at fair value. Is explained and defined fair value, and explains how measuring the fair value of material assets. Therefore, this paper, essentially confirms the effects of expression of the fair value of tangible fixed assets on the financial results of enterprises and analysis of financial statements 6 different companies doing business in Croatia, and that in their reports have stated value adjustments of fixed assets and revaluation reserves. The emphasis of the paper is the analysis of financial statements of listed companies and thus has proven to be individual items of financial statements change if applied different valuation model. The paper is divided into several sections. The introduction explains the subject, purpose and objective of the research, composition and operation research methods. The second part defines the recognition and valuation of tangible fixed assets, and the third measurement of fair value of tangible fixed assets. The fourth part is related to positive and negative effects of application of the concept of fair value in practice, and the fifth section defines the impact of the fair value of tangible fixed assets to the value of the company. In the sixth part is the analysis of the company and explaines the impact of the fair value of the reported financial position of the company in the examples. In the end, the conclusion describes the paper as a whole.