Change in Depreciation Method for Building Fixtures and Structures
First written in FY2017-Q3. 6 of 7 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2024: 3 of 18 companies on the "Worse" side.
154 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The declining-balance method is used, except that the straight-line method is used for buildings acquired on or after 1 April 1998, excluding building fixtures, and for building fixtures and structures acquired on or after 1 April 2016.」
The depreciation policy of using the straight-line method for building fixtures and structures acquired on or after 1 April 2016 continues. - FY2022RestatedAnnual report
「The declining-balance method is used, except that the straight-line method is used for buildings acquired on or after 1 April 1998, excluding building fixtures, and for building fixtures and structures acquired on or after 1 April 2016.」
The depreciation policy of using the straight-line method for building fixtures and structures acquired on or after 1 April 2016 continues. - FY2020RestatedAnnual report
「Property, plant and equipment are depreciated using the declining-balance method, except that the straight-line method is used for buildings acquired on or after 1 April 1998, excluding building fixtures, and for building fixtures and structures acquired on or after 1 April 2016.」
The depreciation policy of using the straight-line method for building fixtures and structures acquired on or after 1 April 2016 continues. - FY2019RestatedAnnual report
「Property, plant and equipment are depreciated using the declining-balance method, except that the straight-line method is used for buildings acquired on or after 1 April 1998, excluding building fixtures, and for building fixtures and structures acquired on or after 1 April 2016.」
The depreciation policy of using the straight-line method for building fixtures and structures acquired on or after 1 April 2016 continues. - FY2018RestatedAnnual report
「Property, plant and equipment are depreciated using the declining-balance method, except that the straight-line method is used for buildings acquired on or after 1 April 1998, excluding building fixtures, and for building fixtures and structures acquired on or after 1 April 2016.」
The annual financial statements also disclose the depreciation policy of using the straight-line method for building fixtures and structures acquired on or after 1 April 2016. - FY2017RestatedAnnual report
「In accordance with the revision of the Corporation Tax Act, we have applied the Practical Treatment of Changes in Depreciation Methods Related to the 2016 Tax Reform (Practical Issues Task Force Report No. 32, 17 June 2016) for the current 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. This change has no impact on profit or loss.」
The change in the accounting policy for depreciating building fixtures and structures from the declining-balance method to the straight-line method is also disclosed in the annual financial statements. - FY2017-Q3First statedAnnual report
「In accordance with the revision of the Corporation Tax Act, we have applied the Practical Treatment of Changes in Depreciation Methods Related to the 2016 Tax Reform (Practical Issues Task Force Report No. 32, 17 June 2016) from the second quarter 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. This change has no impact on profit or loss.」
The change in 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 is mentioned for the first time. The company states that there is no impact on profit or loss.