Application of Amendments to IAS 12 and Retrospective Restatement of Prior-Period Financial Statements
First written in FY2024-Q1. 1 of 2 entries say "Restated". Latest entry: FY2024-Q2.
16 other companies' latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「The application of IAS 12 Income Taxes, as amended in May 2021, clarified the accounting treatment at initial recognition for transactions that give rise to equal taxable and deductible temporary differences at the time of the transaction. Deferred tax liabilities and deferred tax assets will respectively be recognized in the consolidated statement of financial position for those taxable and deductible temporary differences.」
The application of the amendments to IAS 12 and retrospective restatement of prior-period financial statements continued to be disclosed, showing a ¥2.779 million reduction in income tax expense for the previous second quarter. - FY2024-Q1First statedAnnual report
「The application of IAS 12 Income Taxes, as amended in May 2021, clarified the accounting treatment at initial recognition for transactions that give rise to equal taxable and deductible temporary differences at the time of the transaction. Deferred tax liabilities and deferred tax assets will respectively be recognized in the consolidated statement of financial position for those taxable and deductible temporary differences.」
The financial statements for the previous consolidated fiscal year were retrospectively restated upon application of the amendments to IAS 12, reducing income tax expense for the previous first quarter by ¥1.416 million and opening retained earnings by ¥13.662 million.