Reclassification of Deferred Tax Assets and Liabilities Following Application of the Revised Accounting Standard for Tax Effect Accounting
First written in FY2019-Q1. 3 of 5 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2024: 3 of 9 companies on the "Worse" side.
155 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「“Scheduled application date for the Accounting Standard for Revenue Recognition, etc.: The standard is scheduled to be applied from the beginning of the fiscal year ending June 2022.” “The impact of applying these accounting standards and other related standards on the consolidated financial statements is currently being evaluated.”」
The company continues to state that it plans to apply the new revenue recognition standards from the beginning of the fiscal year ending June 2022 and is currently evaluating their impact. - FY2020AdvancedAnnual report
「“Accounting Standard for Revenue Recognition, etc.” “Scheduled application date: The standard is scheduled to be applied from the beginning of the fiscal year ending June 2022.” “The impact of applying the Accounting Standard for Revenue Recognition, etc. on the consolidated financial statements is currently being evaluated.”」
Separately from the change in the presentation of tax-effect accounting, the company stated that it plans to apply the new revenue recognition standards from the beginning of the fiscal year ending June 2022 and is currently evaluating their impact. - FY2019-Q3RestatedAnnual report
「The partial amendments to the Accounting Standard for Tax Effect Accounting and other standards were adopted from the beginning of the first quarter consolidated accounting period. Deferred tax assets are presented under investments and other assets, while deferred tax liabilities are presented under fixed liabilities.」
The company again confirmed that it applied the amendments to the accounting standard for tax-effect accounting and other changes from the beginning of the first quarter of the consolidated accounting period and changed the presentation classification of deferred tax assets and liabilities. - FY2019-Q2RestatedAnnual report
「The partial amendments to the Accounting Standard for Tax Effect Accounting and other standards were adopted from the beginning of the first quarter consolidated accounting period. Deferred tax assets are presented under investments and other assets, while deferred tax liabilities are presented under fixed liabilities.」
The company again confirmed that it applied the amendments to the accounting standard for tax-effect accounting and other changes from the beginning of the first quarter of the consolidated accounting period and changed the presentation classification of deferred tax assets and liabilities. - FY2019-Q1First statedAnnual report
「We have applied the Partial Amendments to the Accounting Standard for Tax Effect Accounting and other relevant standards from the beginning of the first quarter of the current fiscal year. Deferred tax assets are presented under investments and other assets, and deferred tax liabilities under non-current liabilities.」
From the beginning of the first quarter of the current consolidated accounting period, the company applied the amendments to the accounting standard for tax-effect accounting and other changes, and changed the presentation of deferred tax assets to investments and other assets and deferred tax liabilities to non-current liabilities.