Ajinomoto Co. (2802) · InitiativeRestated
Clarification of Accounting for Foreign Currency-Denominated Advance Consideration through the Application of IFRIC 22
First written in FY2019-Q2. 1 of 2 entries say "Restated". Latest entry: FY2019-Q3.
2entries
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Applying the IFRIC 22 translation requirements for foreign-currency-denominated advance consideration paid or receivedA theme 1 companies write about · 0 as a headwind · 0 as a tailwind
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- FY2019-Q3RestatedAnnual report
「The Group has adopted the following standard from the first quarter of the consolidated fiscal year: IFRIC 22 Foreign Currency Transactions and Advance Consideration Clarification of the accounting treatment for foreign currency transactions and advance consideration」
The Group has reconfirmed its policy of applying IFRIC 22 from the first quarter. Foreign-currency-denominated prepayments and advance consideration are not material in amount and are not expected to have a material impact on the condensed quarterly consolidated financial statements. - FY2019-Q2First statedAnnual report
「The Group has adopted the following standard from the first quarter of the consolidated fiscal year: IFRIC 22 Foreign Currency Transactions and Advance Consideration Clarification of the accounting treatment for foreign currency transactions and advance consideration」
IFRIC 22 was applied from the first quarter of fiscal 2018. The standard clarifies the approach to determining the transaction date for foreign-currency-denominated prepayments and advance consideration, and the Group states that it has no material impact on the financial statements.