Change in Depreciation Method for Building Fixtures and Structures
First written in FY2017-Q1. 3 of 5 entries say "Restated". Latest entry: FY2023.
Pro-Ship moved to the "Worse" side of this theme in 2023.
The whole theme swung hardest in 2024: 2 of 17 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- FY2023ReframedAnnual report
「The declining-balance method is used for property, plant and equipment. However, the straight-line method is used for buildings and building fixtures acquired on or after 1 April 2016.」
The disclosure has changed to include buildings acquired on or after 1 April 2016, in addition to the existing building fixtures, as assets subject to the straight-line method. - FY2019RestatedAnnual report
「The declining-balance method is used for property, plant and equipment. However, the straight-line method is used for building fixtures acquired on or after 1 April 2016.」
The company continues to apply the straight-line method to building fixtures acquired on or after 1 April 2016. - FY2018RestatedAnnual report
「The declining-balance method is used for property, plant and equipment. However, the straight-line method is used for building fixtures acquired on or after 1 April 2016.」
The company continues to apply the straight-line method to building fixtures acquired on or after 1 April 2016. - FY2017-Q3RestatedAnnual report
「Following amendments to the Corporation Tax Act, the company applied the Practical Solution on Changes in Depreciation Methods Related to the 2016 Tax Reform (Practical Solution Report No. 32, 17 June 2016) in the first quarter. Accordingly, the depreciation method for building fixtures and structures acquired on or after 1 April 2016 was changed from the declining-balance method to the straight-line method. This had no impact on profit or loss for the cumulative third quarter.」
The company reiterated its accounting policy of changing the depreciation method for building fixtures and structures from the declining-balance method to the straight-line method, stating that this had no impact on profit or loss for the cumulative third quarter. - FY2017-Q1First statedAnnual report
「Following amendments to the Corporation Tax Act, the company applied the Practical Solution on Changes in Depreciation Methods Related to the 2016 Tax Reform (Practical Solution Report No. 32, 17 June 2016) in the cumulative first quarter. Accordingly, the depreciation method for building fixtures and structures acquired on or after 1 April 2016 was changed from the declining-balance method to the straight-line method. This had no impact on profit or loss for the cumulative first quarter.」
Following the tax reform, the depreciation method for building fixtures and structures acquired on or after 1 April 2016 was changed from the declining-balance method to the straight-line method. The company stated that this had no impact on quarterly profit or loss.