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World (3612) · PolicyRestated

Operation of Group Accounting Policies and Procedures under IFRS

First written in FY2016. 5 of 10 entries say "Advanced", first in FY2019-Q2. Latest entry: FY2022-Q3.

10entries
7years
0from disclosures
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ProgressHeldSoftenedWorseRestatedFY2016 – FY2018AdvancedFY2019-Q2 – FY20212016: 120162017: 120172018: 220182019: 220192020: 120202021: 220212022: 1
Same theme, other companies
Enhancing Financial Information Comparability and Financing Through IFRS AdoptionA theme 150 companies write about · 0 as a headwind · 139 as a tailwind

78 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 150 companies compared. The sentences above are computed from all 150.
Full recordFilings, disclosures and news, newest first
  1. FY2022-Q3RestatedAnnual report

    「The Group has continued to apply this practical expedient to rent concessions that meet the above requirements since the previous consolidated fiscal year. In addition, application of this practical expedient increased pretax quarterly profit for the current consolidated cumulative period by ¥295 million.」

    The Group continued to apply the IFRS 16 practical expedient for COVID-19-related rent concessions and disclosed an impact of ¥295 million on pretax quarterly profit.
  2. FY2021AdvancedAnnual report

    「The Group applies this practical expedient to rent concessions that meet the above requirements. In addition, application of this practical expedient reduced the pretax loss for the current consolidated fiscal year by ¥1,852 million.」

    The Group applied the IFRS 16 practical expedient for COVID-19-related rent concessions for the full fiscal year and disclosed an impact of ¥1,852 million on the pretax loss for the year.
  3. FY2021-Q3AdvancedAnnual report

    「The Group continues to apply this practical expedient to rent concessions that meet the above requirements. In addition, application of this practical expedient reduced the pretax quarterly loss for the current consolidated cumulative period by ¥1,741 million.」

    The Group continued to apply the IFRS 16 practical expedient for COVID-19-related rent concessions and disclosed an impact of ¥1,741 million on the pretax quarterly loss.
  4. FY2021-Q1AdvancedAnnual report

    「The Group applies this practical expedient to rent concessions that meet the above requirements. In addition, application of this practical expedient reduced the pretax quarterly loss for the current consolidated cumulative period by ¥1,042 million.」

    The Group applied the IFRS 16 practical expedient for COVID-19-related rent concessions from the first quarter and disclosed an impact of ¥1,042 million on the pretax quarterly loss.
  5. FY2020-Q1AchievedAnnual report

    「The Group has applied IFRS 16, Leases, issued in January 2016, from the first quarter of the current fiscal year.」

    The Group began applying IFRS 16 Leases, which had been scheduled for adoption from the fiscal year ending March 2020, from the first quarter of the current consolidated accounting period. Right-of-use assets of ¥41,599 million and lease liabilities of ¥44,581 million were recognized.
  6. FY2019AdvancedAnnual report

    「The impact of this adoption on the Group's consolidated financial statements is expected to be an approximately ¥38,146 million increase in assets, an approximately ¥38,504 million increase in liabilities and an approximately ¥234 million decrease in equity at the beginning of the period.」

    The Group announced plans to apply IFRS 16 from the fiscal year ending March 2020 and specified the expected impact on assets, liabilities and equity upon adoption.
  7. FY2019-Q2AdvancedAnnual report

    「The Group has adopted the following standards from the first quarter of the current consolidated accounting period: IFRS 9 Financial Instruments and IFRS 15 Revenue from Contracts with Customers.」

    IFRS 9 and IFRS 15 were applied from the first quarter, changing the accounting treatment for the classification, impairment and hedge accounting of financial assets, as well as revenue recognition.
  8. FY2018RestatedAnnual report

    「To properly prepare consolidated financial statements and other documents under IFRS, we have established Group accounting guidelines compliant with IFRS and perform accounting procedures based on those guidelines.」

    The Group continues to apply its group accounting policies based on IFRS.
  9. FY2017RestatedAnnual report

    「To properly prepare consolidated financial statements and other documents under IFRS, we have established Group accounting guidelines compliant with IFRS and perform accounting procedures based on those guidelines.」

    The Group continues to apply its group accounting policies based on IFRS.
  10. FY2016First statedAnnual report

    「To properly prepare consolidated financial statements and other documents under IFRS, we have established Group accounting guidelines compliant with IFRS and perform accounting procedures based on those guidelines.」

    Describes a framework for continuously monitoring standards and interpretations and updating the Group accounting guidelines.
Moved together

"Reduction of selling, general and administrative expenses" moved the same way as this thread, in the same document, in 6 of its 10 moves.

664444★123456
  1. ★This thread
  2. 1Reduction of selling, general and administrative expenses6×
  3. 2Strengthening the Brand’s Official Website and Advancing Omnichannel Integration6×
  4. 3Reducing Losses Through Purchasing and Inventory Control4×
  5. 4Development of new business formats, brands, stores and products4×
  6. 5B2B expansion of the platform business4×
  7. 6Risk of inventory and opportunity losses due to excess or insufficient inventory4×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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Operation of Group Accounting Policies and Procedures under IFRS | WORLD CO.,LTD. (3612) | Komori