Application of Lease Accounting under IFRS 16
First written in FY2020-Q1. . Latest entry: FY2021.
The whole theme swung hardest in 2025: 7 of 21 companies on the "Worse" side.
14 other companies' latest entry also says "Other".
- FY2021Disclosing the full-year effect of the COVID-19-related rent concession practical expedientAnnual report
「As a result of applying this practical expedient, the loss before tax for the current fiscal year decreased by ¥315 million.」
The Company disclosed that applying the IFRS 16 practical expedient for COVID-19-related rent concessions reduced the full-year loss before tax by ¥315 million. - FY2021-Q3Disclosing the effect of applying the COVID-19-related rent concession practical expedientAnnual report
「As a result of applying this practical expedient, the quarterly loss before tax for the cumulative third quarter decreased by ¥287 million.」
The Company disclosed that applying the IFRS 16 practical expedient for COVID-19-related rent concessions, which had been early applied from the first quarter, reduced the loss before tax for the cumulative third quarter by ¥287 million. - FY2021-Q1Early application of the COVID-19-related rent concession practical expedientAnnual report
「The Group has early applied the amendments to IFRS 16, Leases, concerning “COVID-19-Related Rent Concessions,” published in May 2020, from the first quarter of the current fiscal year.」
The amendments to IFRS 16 concerning COVID-19-related rent concessions were early applied from the first quarter, and the practical expedient was applied to eligible rent concessions. Right-of-use assets amounted to ¥8,245.2 million, while current and non-current lease liabilities totaled ¥8,489.2 million. - FY2020Disclosure of the full-year impact of adoptionAnnual report
「Assets at the end of the current fiscal year increased by ¥9,199.9 million from the end of the previous fiscal year to ¥20,997.8 million, up 78.0% year on year. This was mainly due to increases of ¥1,140.3 million in cash and cash equivalents and ¥7,877.3 million in right-of-use assets recognized under IFRS 16, Leases, compared with the end of the previous fiscal year.」
The Company disclosed expanded asset and liability balances at the full-year end following the application of IFRS 16, including an increase in right-of-use assets of ¥7,877.3 million and lease liabilities of ¥8,016.9 million. - FY2020-Q3Increase in balances following the application of IFRS 16Annual report
「Assets at the end of the third quarter of the current fiscal year increased by ¥9,762.5 million from the end of the previous fiscal year to ¥21,560.4 million, up 82.7% year on year. This was mainly due to increases of ¥1,533.1 million in cash and cash equivalents and ¥7,872.3 million in right-of-use assets recognized under IFRS 16, Leases, compared with the end of the previous fiscal year. Liabilities increased by ¥8,442.5 million from the end of the previous fiscal year to ¥16,731.4 million, up 101.9% year on year. This was mainly due to an increase of ¥7,943.3 million in lease liabilities resulting from the application of IFRS 16, Leases.」
At the end of the third quarter following the application of IFRS 16, right-of-use assets amounted to ¥7,872.3 million and lease liabilities to ¥8,296.8 million, with increases in both asset and liability balances disclosed. - FY2020-Q2Disclosing the increase in balances following the application of IFRS 16Annual report
「Assets at the end of the second quarter of the current fiscal year increased by ¥8,510 million from the end of the previous fiscal year to ¥20,293.6 million, up 72.2% year on year. This was mainly due to increases of ¥731.8 million in cash and cash equivalents and ¥7,704.2 million in right-of-use assets recognized under IFRS 16, Leases, compared with the end of the previous fiscal year, partly offset by a ¥95.9 million decrease in intangible assets and goodwill.」
The Company disclosed that assets had increased to ¥20,293.6 million at the end of the second quarter following the application of IFRS 16, including right-of-use assets of ¥7,704.2 million. - FY2020-Q1First statedAnnual report
「Upon the transition to IFRS 16, the Group additionally recognized lease-related assets, including right-of-use assets, of ¥78,094 million, lease liabilities of ¥79,928 million, and a decrease of ¥880 million in opening retained earnings, after taking the tax effect into account, in the condensed quarterly consolidated statement of financial position at the date of initial application.」
IFRS 16 was applied from the first quarter of the current fiscal year, and right-of-use assets and lease liabilities were recognized. The presentation was also changed by reclassifying items from cash flows from operating activities to cash flows from financing activities.