Changes in the Presentation of Deferred Tax Assets and Liabilities Following Amendments to Tax Effect Accounting Standards
First written in FY2020-Q2. 2 of 3 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2024: 3 of 9 companies on the "Worse" side.
155 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「From the beginning of the fiscal year, the company applied the Partial Amendments to the Accounting Standard for Tax Effect Accounting (Accounting Standards Board of Japan Statement No. 28, 16 February 2018, hereinafter the Partial Amendments to the Tax Effect Accounting Standard), changed the presentation of deferred tax assets to the investments and other assets classification and deferred tax liabilities to the non-current liabilities classification, and revised the notes relating to tax effect accounting.」
The company applied the partial amendments to the accounting standard for tax effect accounting from the beginning of the fiscal year and changed the presentation classifications of deferred tax assets and liabilities. - FY2020-Q3RestatedAnnual report
「The partial amendments to the Accounting Standard for Tax Effect Accounting and other standards were adopted from the beginning of the first quarter consolidated accounting period. Deferred tax assets are presented under investments and other assets, while deferred tax liabilities are presented under fixed liabilities.」
The change in the presentation classifications of deferred tax assets and liabilities resulting from partial amendments to the accounting standard for tax effect accounting continues to be applied in the financial statements for the current quarter. - FY2020-Q2First statedAnnual report
「The partial amendments to the Accounting Standard for Tax Effect Accounting and other standards were adopted from the beginning of the first quarter consolidated accounting period. Deferred tax assets are presented under investments and other assets, while deferred tax liabilities are presented under fixed liabilities.」
From the beginning of the first quarter, the company applied partial amendments to the accounting standard for tax effect accounting and presented deferred tax assets under investments and other assets and deferred tax liabilities under non-current liabilities.