Unifying the Consolidated Closing Date Through a Provisional Closing of the Cambodian Subsidiary
First written in FY2019-Q2. 1 of 3 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.
7 other companies' latest entry also says "Advanced".
- FY2019AdvancedAnnual report
「In order to provide more appropriate disclosure in the consolidated financial statements, from the current consolidated fiscal year we have changed the method to conduct a provisional closing, equivalent to a full-year closing, at the consolidated reporting date. As a result of this change, the current consolidated fiscal year covers the 15-month period from 1 July 2018 to 30 September 2019, with the adjustment reflected through the consolidated income statement.」
For the Cambodian subsidiaries, including CHAMROEUN MICROFINANCE PLC. in addition to the previous 2 companies, the company changed the method to conduct a provisional closing at the consolidated reporting date, resulting in 15 months being consolidated for the current period. - FY2019-Q3RestatedAnnual report
「For RENET JAPAN (CAMBODIA) CO.,LTD. and METREY HR CO.,LTD., whose fiscal year-end was 31 December, we have changed the method from the first quarter of the consolidated fiscal year onward to conduct a provisional closing at the consolidated reporting date, in order to provide more appropriate disclosure in the consolidated financial statements.」
The company has reaffirmed the change for 2 Cambodian subsidiaries to conducting a provisional closing at the consolidated reporting date. - FY2019-Q2First statedAnnual report
「For RENET JAPAN (CAMBODIA) CO.,LTD. and METREY HR CO.,LTD., whose fiscal year-end was 31 December, we have changed the method from the first quarter of the consolidated fiscal year onward to conduct a provisional closing at the consolidated reporting date, in order to provide more appropriate disclosure in the consolidated financial statements.」
For 2 Cambodian subsidiaries, the company changed the method from the first quarter of the consolidated fiscal year onward to conduct a provisional closing at the consolidated reporting date, aiming to improve the appropriateness of disclosure in the consolidated financial statements.