Paraca (4809) · RiskRestated
Profit pressure from expensing signage and other materials in the first month of operations
First written in FY2018-Q3. 1 of 2 entries say "Restated". Latest entry: FY2018.
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Profit pressure from expensing signage and other materials in full in the first month of openingA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
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- FY2018RestatedAnnual report
「As a result, installation and construction costs and consumables expenses included in cost of sales increased, becoming a factor weighing on profit in the current fiscal year, but this will also help reduce depreciation expenses from the following fiscal year onward.」
Although profit in the current fiscal year continued to be reduced by expensing sign and other fixture materials in the first month after opening, the document also describes the resulting effect of reducing depreciation expenses from the following fiscal year onward. - FY2018-Q3First statedAnnual report
「Items previously recognised as fixed assets and depreciated were expensed in full during the first month after opening, increasing installation and construction costs and consumables expenses and becoming a factor weighing on profit.」
The accounting treatment for sign and other fixture materials concentrated expenses in the first month after opening, and the document states that the resulting increase in installation and construction costs and consumables expenses actually reduced profit.