Application of Lease Standards to Foreign Consolidated Subsidiaries
First written in FY2020-Q1. 2 of 3 entries say "Restated". Latest entry: FY2020-Q3.
The whole theme swung hardest in 2021: 3 of 8 companies on the "Worse" side.
16 other companies' latest entry also says "Restated".
- FY2020-Q3RestatedAnnual report
「Overseas consolidated subsidiaries have applied IFRS 16 “Leases” and ASU 2016-02 “Leases” from the first quarter. Accordingly, lessees generally recognize all leases as assets and liabilities on the balance sheet. As a result, compared with the application of the previous accounting standards, property, plant and equipment increased by ¥16,215 million in “Lease assets, net,” current liabilities increased by ¥2,435 million in “Lease liabilities,” and non-current liabilities increased by ¥14,501 million in “Lease liabilities” as of the end of the third quarter.」
The application of IFRS 16 and ASU 2016-02 by overseas consolidated subsidiaries was reconfirmed, and the increases in lease assets and lease liabilities as of the end of the third quarter were presented. - FY2020-Q2RestatedAnnual report
「Overseas consolidated subsidiaries have applied IFRS 16 “Leases” and ASU 2016-02 “Leases” from the first quarter. Accordingly, lessees generally recognize all leases as assets and liabilities on the balance sheet. As a result, compared with the application of the previous accounting standards, property, plant and equipment increased by ¥15,373 million in “Lease assets, net,” current liabilities increased by ¥2,324 million in “Lease liabilities,” and non-current liabilities increased by ¥13,817 million in “Lease liabilities” as of the end of the second quarter.」
The application of IFRS 16 and ASU 2016-02 by overseas consolidated subsidiaries was reconfirmed, and the increases in lease assets and lease liabilities as of the end of the second quarter were presented. - FY2020-Q1First statedAnnual report
「Overseas consolidated subsidiaries have applied IFRS 16 “Leases” and ASU 2016-02 “Leases” from the first quarter of the current fiscal year. Accordingly, lessees generally recognize all leases as assets and liabilities on the balance sheet. As a result, compared with the application of the previous accounting standards, property, plant and equipment increased by ¥15,925 million in “Lease assets, net,” current liabilities increased by ¥2,402 million in “Lease liabilities,” and non-current liabilities increased by ¥14,337 million in “Lease liabilities” as of the end of the first quarter.」
Overseas consolidated subsidiaries applied IFRS 16 and ASU 2016-02 from the first quarter and recognized ¥15,925 million in lease assets and lease liabilities under current and non-current liabilities. The impact on profit or loss was considered immaterial.