Assessment of Whether Turkey Is a Hyperinflationary Economy and Decision Not to Apply the Accounting Treatment
First written in FY2023-Q1. 4 of 5 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2024: 2 of 14 companies on the "Worse" side.
12 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「We have also determined that the Republic of Türkiye, where our subsidiary is located, is a hyperinflationary economy as defined by International Accounting Standard 29, “Financial Reporting in Hyperinflationary Economies.” However, we have not applied the standard because the resulting impact on the consolidated financial statements would be immaterial.」
The company reaffirmed its determination that Türkiye is a hyperinflationary economy and its decision not to apply IAS 29 because the impact on the consolidated financial statements is immaterial. - FY2024-Q2RestatedAnnual report
「We have also determined that the Republic of Türkiye, where our subsidiary is located, is a hyperinflationary economy as defined by International Accounting Standard 29, “Financial Reporting in Hyperinflationary Economies.” However, we have not applied the standard because the resulting impact on the consolidated financial statements would be immaterial.」
The company reaffirmed its determination that Türkiye is a hyperinflationary economy and its decision not to apply IAS 29 because the impact on the consolidated financial statements is immaterial. - FY2024-Q1RestatedAnnual report
「We have also determined that the Republic of Türkiye, where our subsidiary is located, is a hyperinflationary economy as defined by International Accounting Standard 29, “Financial Reporting in Hyperinflationary Economies.” However, we have not applied the standard because the resulting impact on the consolidated financial statements would be immaterial.」
The company reaffirmed its determination that the Republic of Türkiye is a hyperinflationary economy and its decision not to apply IAS 29 because the impact on the consolidated financial statements is immaterial. - FY2023-Q2RestatedAnnual report
「We have determined that the Republic of Türkiye, where our subsidiary is located, is a hyperinflationary economy as defined by International Accounting Standard 29, “Financial Reporting in Hyperinflationary Economies.” However, we have not applied the standard because the resulting impact on the consolidated financial statements would be immaterial.」
The company reaffirmed its determination that the Republic of Türkiye is a hyperinflationary economy and its decision not to apply IAS 29 because the impact on the consolidated financial statements is immaterial. - FY2023-Q1First statedAnnual report
「We have determined that the Republic of Türkiye, where our subsidiary is located, is a hyperinflationary economy as defined by International Accounting Standard 29, “Financial Reporting in Hyperinflationary Economies.” However, we have not applied the standard because the resulting impact on the consolidated financial statements would be immaterial.」
Although the company determined that the Republic of Türkiye is a hyperinflationary economy, it did not apply the standard in the current quarter because its impact on the consolidated financial statements was considered immaterial.