Application of Hyperinflation Accounting to an Argentine Subsidiary
First written in FY2019-Q2. 1 of 9 entries say "Materialised", first in FY2024. Latest entry: FY2024.
Nippon Sheet Glass moved to the "Worse" side of this theme in 2024.
0 other companies' latest entry also says "Materialised".
- FY2024MaterialisedAnnual report
「The Group's operating profit before separately disclosed items was reduced by approximately ¥4 billion.」
The impact of the sharp devaluation of the Argentine peso and translation at the closing exchange rate under hyperinflationary accounting emerged as an approximately ¥4 billion reduction in operating profit before separately disclosed items. - FY2024-Q3Emergence of the impact of the Argentine peso devaluationAnnual report
「As a result, the Group's operating profit before separately disclosed items was reduced by approximately ¥4 billion.」
The sharp devaluation of the Argentine peso and translation at the closing exchange rate under IAS 29 reduced operating profit before separately disclosed items by approximately ¥4 billion. - FY2021-Q3Update on the impact of changing the presentation of hyperinflation adjustmentsAnnual report
「As a result of this presentation change, other comprehensive income and total comprehensive income for the third quarter and the same quarter of the previous year decreased by ¥5,004 million and ¥3,263 million, respectively.」
Updated the impact of the change in presentation of hyperinflation adjustments for the Argentine subsidiary on other comprehensive income and total comprehensive income for the third quarter and the same period of the previous year. - FY2021-Q1Change in presentation of hyperinflation adjustmentsAnnual report
「Effective 1 April 2020, we adopted the presentation method among those described in the agenda decision that more closely resembles our previous accounting treatment and recognized the adjustment directly in retained earnings in the statement of changes in equity.」
For hyperinflation adjustments relating to the Argentine subsidiary, the presentation method was changed effective 1 April 2020, adopting a method that recognizes the adjustment directly in retained earnings in the statement of changes in equity. - FY2020-Q3Continued application of hyperinflationary accountingAnnual report
「In addition, the statement of profit or loss and the statement of cash flows for the Argentine subsidiary for the cumulative nine-month period of the current fiscal year were restated by applying the conversion factors shown in the table above.」
For the Argentine subsidiary, the conversion factors under IAS 29 were also applied to the statement of profit or loss and the statement of cash flows for the cumulative nine-month period. - FY2020-Q1Continued quarterly application of hyperinflationary accountingAnnual report
「In addition, the statement of profit or loss and the statement of cash flows for the Argentine subsidiary for the cumulative first quarter of the current fiscal year were restated by applying the conversion factors shown in the table above.」
For the Argentine subsidiary, the hyperinflationary accounting conversion factors were also applied to the statement of profit or loss and the statement of cash flows for the first quarter. - FY2019Update on the full-year impact of hyperinflationary accountingAnnual report
「For the current consolidated fiscal year, the financial impact of applying these methods was a decrease of approximately ¥1.65 billion in revenue, approximately ¥560 million in operating profit, approximately ¥1.62 billion in profit for the year, and approximately ¥920 million in profit for the year attributable to owners of the parent.」
Updated the full-year impact of applying IAS 29 to the Argentine subsidiary on revenue, operating profit, profit for the year, and profit attributable to owners of the parent. - FY2019-Q3Update on the impact of hyperinflationary accountingAnnual report
「For the nine-month period of the current consolidated fiscal year, the financial impact of applying these methods was a decrease of approximately ¥820 million in revenue, approximately ¥400 million in operating profit before separately disclosed items, approximately ¥1.48 billion in profit for the quarter, and approximately ¥890 million in profit for the quarter attributable to owners of the parent. Equity attributable to owners of the parent increased by approximately ¥1.7 billion.」
Updated the impact of applying hyperinflationary accounting to the Argentine subsidiary on revenue, operating profit, profit for the quarter, and profit attributable to owners of the parent for the nine-month period. - FY2019-Q2First statedAnnual report
「From the second quarter, the Group has consolidated the financial statements of its Argentine subsidiary after making adjustments under hyperinflationary accounting in accordance with IAS 29, Financial Reporting in Hyperinflationary Economies.」
Following Argentina's cumulative three-year inflation rate exceeding 100%, hyperinflationary accounting under IAS 29 was applied from the second quarter of fiscal 2018. The disclosed impact for the first half was a decrease of approximately ¥1.9 billion in revenue, approximately ¥490 million in operating profit before separately disclosed items, approximately ¥1.34 billion in profit for the quarter, and approximately ¥810 million in profit for the quarter attributable to owners of the parent, and an increase of approximately ¥1.34 billion in equity attributable to owners of the parent.