Preparation for adoption of IFRS 16 in the fiscal year ending March 2020
First written in FY2019. 1 of 2 entries say "Achieved", first in FY2020-Q1. Latest entry: FY2020-Q1.
The whole theme swung hardest in 2025: 6 of 19 companies on the "Worse" side.
23 other companies' latest entry also says "Achieved".
- FY2020-Q1AchievedAnnual report
「The Group has applied IFRS 16 Leases from the current first-quarter consolidated accounting period. As a result, compared with applying the previous accounting standards, property, plant and equipment and lease liabilities each increased by ¥6,245 million at the beginning of the current first-quarter cumulative period.」
IFRS 16 was applied from the fiscal year ending March 2020, effective 1 April 2019, increasing property, plant and equipment and lease liabilities by ¥6.245 billion each at the beginning of the period. - FY2019First statedAnnual report
「Under IFRS 16, lease contracts previously classified as operating leases by lessees under IAS 17 Leases and expensed as lease payments were recognized on the consolidated statement of financial position at lease commencement as right-of-use assets and lease liabilities based on the lease term. Depreciation of right-of-use assets and interest expense on lease liabilities are recognized over the lease term. As a transitional measure, the Group will adopt the method of recognizing the cumulative effect of applying the standard at the date of initial application. As a result, total assets and total liabilities are each expected to increase by approximately ¥6.2 billion at the date of initial application. The impact on the consolidated income statement is expected to be immaterial.」
The policy for applying IFRS 16 from the fiscal year ending March 2020, the accounting treatment for right-of-use assets and lease liabilities, and the expected ¥6.2 billion increase in assets and liabilities at initial application are described for the first time.