Planned adoption of IFRS 16 by overseas consolidated subsidiaries
First written in FY2019. 2 of 5 entries say "Restated". Latest entry: FY2023-Q3.
The whole theme swung hardest in 2021: 3 of 8 companies on the "Worse" side.
19 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「Foreign consolidated subsidiaries that apply US GAAP adopted ASC Topic 842, Leases, from the beginning of the first quarter of the current consolidated fiscal year. Accordingly, lessees are generally required to recognize all leases as assets and liabilities on the balance sheet.」
The company continued to disclose the application of ASC Topic 842 by foreign consolidated subsidiaries that apply US GAAP. The impact on the income statement was deemed immaterial. - FY2023-Q2RestatedAnnual report
「Foreign consolidated subsidiaries that apply US GAAP adopted ASC Topic 842, Leases, from the beginning of the first quarter of the current consolidated fiscal year. Accordingly, lessees are generally required to recognize all leases as assets and liabilities on the balance sheet.」
The company continued to disclose the application of ASC Topic 842 by foreign consolidated subsidiaries that apply US GAAP. The impact on the income statement for the second quarter was deemed immaterial. - FY2023-Q1AdvancedAnnual report
「Foreign consolidated subsidiaries that apply US GAAP adopted ASC Topic 842, Leases, from the beginning of the first quarter of the current consolidated fiscal year. Accordingly, lessees are generally required to recognize all leases as assets and liabilities on the balance sheet.」
Regarding the application of lease accounting standards by foreign consolidated subsidiaries, subsidiaries applying US GAAP began adopting ASC Topic 842 in addition to the previously adopted IFRS 16. The amounts recognized for property, plant and equipment and other assets were also disclosed. - FY2020-Q1AchievedAnnual report
「Certain foreign consolidated subsidiaries have applied IFRS 16, Leases, from the beginning of the first quarter of the current consolidated fiscal year. Accordingly, lessees generally recognize all leases as assets and liabilities on the balance sheet.」
The planned adoption of IFRS 16 by foreign consolidated subsidiaries was implemented from the beginning of the first quarter of the current consolidated fiscal year. The impact on the consolidated financial statements was deemed immaterial. - FY2019First statedAnnual report
「Foreign consolidated subsidiaries will apply IFRS 16, Leases, from the beginning of the fiscal year ending March 2020.」
The company planned to apply IFRS 16 to its foreign consolidated subsidiaries from the beginning of the fiscal year ending March 2020 and stated that the impact on the consolidated financial statements would be immaterial.