Application of IAS 29 to a Subsidiary in a Hyperinflationary Economy
First written in FY2020-Q3. 7 of 13 entries say "Restated". Latest entry: 2026-05-08.
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- 2026-05-08RestatedEarnings
「The Group also makes accounting adjustments to the financial statements of subsidiaries operating in hyperinflationary economies in accordance with the requirements of IAS 29, “Financial Reporting in Hyperinflationary Economies.”」
The Group continues to make accounting adjustments under IAS 29 for subsidiaries operating in hyperinflationary economies. - FY2025ReframedAnnual report
「As Ethiopia ceased to be classified as a hyperinflationary economy, the Group discontinued hyperinflation adjustments to the financial statements of its subsidiary there. It also ended such adjustments to the financial statements of the Sudanese subsidiary when that subsidiary was excluded from consolidation.」
The subsidiaries subject to IAS 29 were reviewed: adjustments for Ethiopia were discontinued, and adjustments for the Sudanese subsidiary also ended when it was excluded from consolidation. - FY2024-Q1RestatedAnnual report
「For the financial statements of subsidiaries operating in hyperinflationary economies, the Group makes accounting adjustments in accordance with the requirements of IAS 29, Financial Reporting in Hyperinflationary Economies.」
The Group continues to make accounting adjustments under IAS 29 for subsidiaries operating in hyperinflationary economies. - FY2023-Q3RestatedAnnual report
「For the financial statements of subsidiaries operating in hyperinflationary economies, the Group makes accounting adjustments in accordance with the requirements of IAS 29, Financial Reporting in Hyperinflationary Economies.」
The Group continues to make accounting adjustments under IAS 29 for subsidiaries operating in hyperinflationary economies. - FY2023-Q2RestatedAnnual report
「For the financial statements of subsidiaries operating in hyperinflationary economies, the Group makes accounting adjustments in accordance with the requirements of IAS 29, Financial Reporting in Hyperinflationary Economies.」
The Group continues to make accounting adjustments under IAS 29 for subsidiaries operating in hyperinflationary economies. - FY2023-Q1RestatedAnnual report
「For the financial statements of subsidiaries operating in hyperinflationary economies, the Group makes accounting adjustments in accordance with the requirements of IAS 29, Financial Reporting in Hyperinflationary Economies.」
The Group continues to make accounting adjustments under IAS 29 for subsidiaries operating in hyperinflationary economies. - FY2022AdvancedAnnual report
「The Group restates the financial statements of subsidiaries in Sudan, Iran, Turkey and Ethiopia, using conversion factors calculated from the consumer price indices published by the Central Bank of Sudan, Statistical Centre of Iran, Turkish Statistical Institute and Central Statistics Agency of Ethiopia, respectively.」
The application of hyperinflation accounting was organised around 4 countries: Sudan, Iran, Turkey and Ethiopia. The disclosed treatment uses conversion factors based on each country's consumer price index. - FY2022-Q3AdvancedAnnual report
「For the restatement of the financial statements of subsidiaries in Turkey from the second quarter and Ethiopia from the third quarter of the current fiscal year, the Group has used conversion factors calculated from the Turkish consumer price index published by the Turkish Statistical Institute and the Ethiopian consumer price index published by the Central Statistics Agency of Ethiopia.」
Regarding accounting treatment in hyperinflationary economies, the restatement of the Ethiopian subsidiary's financial statements under IAS 29 was applied from the third quarter, following Turkey. - FY2022-Q2AdvancedAnnual report
「From the second quarter of the current fiscal year, the Group has used conversion factors calculated from the Turkish consumer price index published by the Turkish Statistical Institute to restate the financial statements of its subsidiary in Turkey.」
Regarding accounting treatment in hyperinflationary economies, the restatement of the Turkish subsidiary's financial statements under IAS 29 was applied from the second quarter. - FY2022-Q1RestatedAnnual report
「For the financial statements of subsidiaries operating in hyperinflationary economies, the Group makes accounting adjustments in accordance with the requirements of IAS 29, Financial Reporting in Hyperinflationary Economies. However, the effects of IAS 29 are not included in constant-currency revenue from the Group's own tobacco products or adjusted operating profit.」
The continued application of accounting adjustments under IAS 29 to subsidiaries in hyperinflationary economies was reaffirmed, while their effects are excluded from constant-currency metrics. - FY2021-Q3AdvancedAnnual report
「The above amendments to IFRS 16 were adopted early.」
The amendments to IFRS 16 concerning rent concessions after 30 June 2021 were adopted early. - FY2021-Q2RestatedAnnual report
「In addition, for the financial statements of subsidiaries operating in hyperinflationary economies, the Group makes accounting adjustments in accordance with the requirements of IAS 29, Financial Reporting in Hyperinflationary Economies (IAS 29).」
The continued application of accounting adjustments under IAS 29 to subsidiaries in hyperinflationary economies was reaffirmed. - FY2020-Q3First statedAnnual report
「For the financial statements of subsidiaries operating in hyperinflationary economies, the Group makes accounting adjustments in accordance with the requirements of IAS 29, Financial Reporting in Hyperinflationary Economies (IAS 29).」
An accounting policy was described under which the unit of measurement is restated and financial statements are translated for subsidiaries in hyperinflationary economies, particularly the Iranian subsidiary, in accordance with IAS 29.