Change in depreciation method for building fixtures and structures
First written in FY2017-Q2. 1 of 2 entries say "Restated". Latest entry: FY2017-Q3.
The whole theme swung hardest in 2024: 3 of 17 companies on the "Worse" side.
154 other companies' latest entry also says "Restated".
- FY2017-Q3RestatedAnnual report
「Following amendments to the Corporation Tax Act, the Company applied the Practical Response Report No. 32, “Practical Treatment of Changes in Depreciation Methods Related to the 2016 Tax Reform,” dated 17 June 2016, in the first-quarter consolidated accounting period 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 on the quarterly consolidated financial statements was immaterial for the cumulative third-quarter consolidated period.」
The accounting policy changing the depreciation method for building fixtures and structures from the declining-balance method to the straight-line method remains in effect. - FY2017-Q2First statedAnnual report
「The depreciation method for building fixtures and structures acquired on or after 1 April 2016 has been changed from the declining-balance method to the straight-line method. The impact on the quarterly consolidated financial statements was immaterial in the current second-quarter consolidated accounting period.」
Due to tax reform, the depreciation method for assets acquired on or after 1 April 2016 was changed from the declining-balance method to the straight-line method.