Change to the Straight-Line Depreciation Method for Machinery and Equipment, etc., Following the Establishment of a Coal Transshipment Terminal
First written in FY2017. 5 of 6 entries say "Restated". Latest entry: FY2022.
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- FY2022RestatedAnnual report
「住石貿易株式会社 previously used the declining-balance method to depreciate machinery and equipment and vehicles, but changed to the straight-line method from the current consolidated fiscal year.」
The company continues to disclose the change to the straight-line method for machinery and equipment and vehicles following the establishment of a coal transshipment terminal at the outer harbor of Matsuyama Port. - FY2021RestatedAnnual report
「住石貿易株式会社 previously used the declining-balance method to depreciate machinery and equipment and vehicles, but changed to the straight-line method from the current consolidated fiscal year.」
The company continues to disclose the change to the straight-line method for machinery and equipment and vehicles following the establishment of a coal transshipment terminal at the outer harbor of Matsuyama Port. - FY2020RestatedAnnual report
「住石貿易株式会社 previously used the declining-balance method to depreciate machinery and equipment and vehicles, but changed to the straight-line method from the current consolidated fiscal year.」
The company continues to disclose the change to the straight-line method for machinery and equipment and vehicles following the establishment of a coal transshipment terminal at the outer harbor of Matsuyama Port. - FY2019RestatedAnnual report
「住石貿易株式会社 previously used the declining-balance method to depreciate machinery and equipment and vehicles, but changed to the straight-line method from the current consolidated fiscal year.」
The company continues to disclose the change to the straight-line method for machinery and equipment and vehicles following the establishment of a coal transshipment terminal at the outer harbor of Matsuyama Port. - FY2018RestatedAnnual report
「住石貿易株式会社 previously used the declining-balance method to depreciate machinery and equipment and vehicles, but changed to the straight-line method from the current consolidated fiscal year.」
The company continues to disclose the change to the straight-line method for machinery and equipment and vehicles following the establishment of a coal transshipment terminal at the outer harbor of Matsuyama Port. - FY2017First statedAnnual report
「住石貿易株式会社 previously used the declining-balance method to depreciate machinery and equipment and vehicles, but changed to the straight-line method from the current consolidated fiscal year. This change followed a review of the actual use of property, plant and equipment prompted by the establishment of a coal transshipment terminal at the outer harbor of Matsuyama Port in Matsuyama, Ehime Prefecture, a large-scale new capital investment made during the current consolidated fiscal year. As property, plant and equipment are expected to operate stably over the long term going forward, the company determined that the straight-line method would be a reasonable depreciation method that more appropriately reflects their actual condition.」
Following the large-scale capital investment at the outer harbor of Matsuyama Port, 住石貿易 changed the depreciation method for machinery and equipment and vehicles from the declining-balance method to the straight-line method. The company explained that the impact on profit or loss was immaterial.