Application of IFRS 16 Leases to Overseas Consolidated Subsidiaries
First written in FY2020-Q1. . Latest entry: FY2020-Q3.
The whole theme swung hardest in 2025: 4 of 17 companies on the "Worse" side.
24 other companies' latest entry also says "Other".
- FY2020-Q3Update on the impact of adoptionAnnual report
「As a result, on the quarterly consolidated balance sheet for the third quarter of the current fiscal year, “Other” under property, plant and equipment increased by ¥8 million, “Other” under current liabilities increased by ¥6 million, and “Other” under non-current liabilities increased by ¥2 million.」
The balance sheet impact of applying IFRS 16 to the Group’s consolidated subsidiaries outside the United States was updated to reflect the amounts as of the end of the third quarter. - FY2020-Q2Update on the impact of adoptionAnnual report
「As a result, on the quarterly consolidated balance sheet for the second quarter of the current fiscal year, “Other” under property, plant and equipment increased by ¥78 million, “Other” under current liabilities increased by ¥21 million, and “Other” under non-current liabilities increased by ¥57 million.」
The balance sheet impact of applying IFRS 16 to the Group’s consolidated subsidiaries outside the United States was updated to reflect the amounts as of the second quarter. - FY2020-Q1First statedAnnual report
「The Group’s consolidated subsidiaries outside the United States have applied IFRS 16, “Leases,” from the first quarter of the current fiscal year. In applying the standard, the Group adopted the permitted transition method of recognizing the cumulative effect at the date of initial application. As a result, on the quarterly consolidated balance sheet for the first quarter of the current fiscal year, “Other” under property, plant and equipment increased by ¥85 million, “Other” under current liabilities increased by ¥22 million, and “Other” under non-current liabilities increased by ¥63 million. The impact of this change on profit or loss for the first quarter of the current fiscal year was immaterial.」
The Group’s consolidated subsidiaries outside the United States applied IFRS 16 and recognized the cumulative effect at the date of initial application. The impacts on the balance sheet and profit or loss were disclosed.