Tightening of the Provisioning Criteria for Operating Loan Receivables in Preparation for IFRS 9
First written in FY2019-Q2. 3 of 6 entries say "Restated". Latest entry: FY2021.
0 other companies' latest entry also says "Dropped".
- FY2021DroppedAnnual report
「Operating loans —」
As Group Lease PCL and its consolidated subsidiaries became equity-method affiliates, operating loans disappeared from the consolidated balance sheet, and disclosures on allowance measurement under the former IFRS 9 treatment were no longer seen. - FY2020RestatedAnnual report
「(1) IFRS 9 "Financial Instruments" The measurement method for the allowance for doubtful accounts related to operating loans has been changed as a result of applying this standard.」
The company has continued to disclose the change in the measurement method for the allowance for doubtful accounts related to operating loans following the adoption of IFRS 9. The disclosure also includes a ¥356 million increase in the opening allowance for doubtful accounts and ¥284 million in expected credit losses related to COVID-19. - FY2020-Q3RestatedAnnual report
「(1) IFRS 9 "Financial Instruments" The measurement method for the allowance for doubtful accounts related to operating loans has been changed as a result of applying this standard.」
The company has continued to disclose accounting treatment reflecting the change in the measurement method for the allowance for doubtful accounts related to operating loans following the adoption of IFRS 9. - FY2020-Q2AdvancedAnnual report
「(1) IFRS 9 "Financial Instruments" The measurement method for the allowance for doubtful accounts related to operating loans has been changed as a result of applying this standard.」
IFRS 9 was applied from the second quarter of the current consolidated fiscal year, and the measurement method for the allowance for doubtful accounts related to operating loans was changed. In addition to a ¥356 million increase in the opening allowance for doubtful accounts, expected credit losses of ¥289 million related to COVID-19 were recognized. - FY2019-Q3RestatedAnnual report
「In the Digital Finance business for the fiscal year ended December 2018, the tightening of provisioning criteria for operating loan receivables and tax-related items such as the reduction of deferred tax assets, in preparation for the future adoption of IFRS 9, also put pressure on profit.」
The company has continued to explain that tightening the allowance criteria for operating loans and reducing deferred tax assets in preparation for IFRS 9 adoption put pressure on profit. - FY2019-Q2First statedAnnual report
「In the Digital Finance business for the fiscal year ended December 2018, the tightening of provisioning criteria for operating loan receivables and tax-related items such as the reduction of deferred tax assets, in preparation for the future adoption of IFRS 9, also put pressure on profit.」
The company tightened provisioning criteria for operating loan receivables and reduced deferred tax assets in preparation for adopting IFRS 9, which pressured profit.