Recognition of operating rights for public facilities and other assets as intangible fixed assets
First written in FY2018-Q1. 5 of 7 entries say "Restated". Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024Disclosed useful lives of 15 to 20 years for facility usage rightsAnnual report
「The usage rights for the facilities are depreciated over a useful life of 15 to 20 years, corresponding to the facility usage period, with the acquisition cost allocated to each fiscal year using the straight-line method.」
The company discloses useful lives of 15 to 20 years based on the facility usage period, compared with the previous 20 years. - FY2020RestatedAnnual report
「The usage rights for the facilities are depreciated over a useful life of 20 years, corresponding to the facility usage period, with the acquisition cost allocated to each fiscal year using the straight-line method.」
The company continues to apply the accounting policy of treating usage rights for facilities related to PFI businesses as intangible fixed assets. - FY2019RestatedAnnual report
「The usage rights for the facilities are depreciated over a useful life of 20 years, corresponding to the facility usage period, with the acquisition cost allocated to each fiscal year using the straight-line method.」
The company continues to apply the accounting policy of treating usage rights for facilities related to PFI businesses as intangible fixed assets. - FY2018RestatedAnnual report
「The company reviewed its accounting treatment for the group's PFI businesses. From the current consolidated fiscal year, it recorded usage rights for facilities and other assets related to those PFI businesses under "Other" within intangible fixed assets and reclassified the amount recorded under "Other" within investments and other assets on the consolidated balance sheet for the previous consolidated fiscal year to "Other" within intangible fixed assets.」
The company continues to disclose the accounting treatment of recording usage rights for facilities and other assets related to PFI businesses as intangible fixed assets and reclassifying prior-year comparative amounts. - FY2018-Q3RestatedAnnual report
「Following the publication during the first-quarter consolidated accounting period of the Practical Solution on Accounting Treatments, etc. for Operators of Public Facility Operation Businesses (Practical Solution Report No. 35, 2 May 2017), the company reviewed its accounting treatment for the group's PFI businesses. From the first-quarter consolidated accounting period, it recorded usage rights for facilities and other assets related to those PFI businesses as intangible fixed assets and reclassified long-term prepaid expenses recorded under investments and other assets on the consolidated balance sheet for the previous consolidated fiscal year as intangible fixed assets.」
The company continues to disclose the accounting treatment of recording usage rights for facilities and other assets related to PFI businesses as intangible fixed assets and reclassifying them from long-term prepaid expenses. - FY2018-Q2RestatedAnnual report
「Following the publication during the first-quarter consolidated accounting period of the Practical Solution on Accounting Treatments, etc. for Operators of Public Facility Operation Businesses (Practical Solution Report No. 35, 2 May 2017), the company reviewed its accounting treatment for the group's PFI businesses. From the first-quarter consolidated accounting period, it recorded usage rights for facilities and other assets related to those PFI businesses as intangible fixed assets and reclassified long-term prepaid expenses recorded under investments and other assets on the consolidated balance sheet for the previous consolidated fiscal year as intangible fixed assets.」
The company continues to disclose the accounting treatment of recording usage rights for facilities and other assets related to PFI businesses as intangible fixed assets and reclassifying them from long-term prepaid expenses. - FY2018-Q1First statedAnnual report
「The company applied, from the current first-quarter consolidated accounting period, the Practical Solution on Accounting Treatments, etc. for Operators of Public Facility Operation Businesses (Practical Solution Report No. 35, 2 May 2017). It recognized public facility operating rights as intangible fixed assets and reclassified long-term prepaid expenses related to public facility operating rights, which had been recorded under investments and other assets on the consolidated balance sheet for the previous consolidated fiscal year, as intangible fixed assets.」
The company has recorded public facility operating rights as intangible fixed assets from the current quarter and reclassified prior-year comparative amounts. It stated that there was no impact on profit or loss.