Change in Depreciation Method for Building Fixtures and Structures
First written in FY2017-Q3. 1 of 2 entries say "Restated". Latest entry: FY2017.
The whole theme swung hardest in 2024: 2 of 16 companies on the "Worse" side.
153 other companies' latest entry also says "Restated".
- FY2017RestatedAnnual report
「In accordance with amendments to the Corporation Tax Act, the Company applied the Practical Response Report No. 32, Practical Treatment of Changes in Depreciation Methods under the 2016 Tax Reform, dated 17 June 2016, in the current consolidated fiscal year and changed the depreciation method for building fixtures and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method.」
The accounting policy of changing the depreciation method for building fixtures and structures from the declining-balance method to the straight-line method is reconfirmed in the full-year filing. The filing states that the impact is immaterial. - FY2017-Q3First statedAnnual report
「In accordance with the revision of the Corporation Tax Act, the company applied the Practical Solution on Changes in Depreciation Method Relating to the 2016 Tax Reform (Practical Issues Task Force No. 32, 17 June 2016) from the first quarter of the current consolidated fiscal year and changed the depreciation method for building fixtures and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method. The impact of this change on operating income, ordinary income and quarterly net income before income taxes for the nine months ended the third quarter of the current consolidated fiscal year was immaterial.」
For building fixtures and structures acquired on or after 1 April 2016, the depreciation method was changed from the declining-balance method to the straight-line method following the tax reform.