Impairment risk associated with rights to use telecommunications lines
First written in FY2019. 1 of 2 entries say "Restated". Latest entry: FY2020.
No other company in this theme has enough history to compare yet.
- FY2020RestatedAnnual report
「At present, no event has occurred that would require us to record an impairment loss on the telecommunications circuit usage rights we hold. However, if the provision of these rights to customers does not proceed smoothly, the financial position and operating results of our group could be affected.」
The impairment risk associated with telecommunications circuit usage rights was reiterated, with the disclosure stating that no event requiring impairment treatment had occurred as of the end of the current consolidated fiscal year. - FY2019First statedAnnual report
「We record the acquisition cost of international telecommunications circuits as telecommunications circuit usage rights, an intangible fixed asset. If the period during which these circuits cannot be provided to CATV operators and other customers in the Philippines is prolonged and it is determined that they will not generate future cash flows, we will record an impairment loss on the telecommunications circuit usage rights for accounting purposes.」
We newly disclosed separately the impairment risk associated with international telecommunications circuit usage rights if it is determined that they will not generate future cash flows because of delays in providing them to customers.