Penalties Associated with the Natural Gas Contract of a Subsidiary under Liquidation
First written in FY2017-Q1. 3 of 7 entries say "Restated". Latest entry: FY2019.
0 other companies' latest entry also says "Dropped".
- FY2019DroppedAnnual reportA settlement payment relating to the penalty under the natural gas usage contract was recognized in a prior fiscal year, and this annual securities report no longer describes the matter as a risk under discussion.
- FY2018MitigatedAnnual report
「Settlement payment to 中海石油气電集団有限責任公司広東貿易分公司 △¥48 million」
The settlement payment to the natural gas contract partner of the Zhuhai subsidiary in liquidation was recognized as a gain on liquidation of affiliated companies, indicating progress in addressing the issue for which discussions had been under way regarding the treatment of the penalty. - FY2018-Q3RestatedAnnual report
「* Breakdown of gain on liquidation of affiliates: Gain on sale of property, plant and equipment ¥100 million; settlement payment to 中海石油气電集団有限責任公司広東貿易分公司 △¥47 million; total ¥52 million」
The Company has reconfirmed the recognition of ¥52 million in gain on liquidation of affiliated companies, including the settlement payment to the natural gas contract partner. No further change from the risk reduction through the settlement reported in the previous quarter is stated. - FY2018-Q1MitigatedAnnual report
「* Breakdown of gain on liquidation of affiliates: Gain on sale of property, plant and equipment ¥102 million; settlement payment to 中海石油气電集団有限責任公司広東貿易分公司 △¥47 million; total ¥54 million」
A settlement payment relating to the natural gas contract partner of the Zhuhai subsidiary in liquidation was recognized, indicating progress in addressing the risk that had been under discussion regarding the treatment of the penalty. However, there is no statement that the liquidation has been completed. - FY2017-Q3RestatedAnnual report
「The Company's consolidated subsidiary 亞徳利玻璃（珠海）有限公司 is currently undergoing liquidation procedures pursuant to a resolution of its board of directors dated 22 October 2014. Accordingly, discussions are under way regarding the treatment of the penalty under its natural gas usage contract with 中海石油气電集団有限責任公司広東貿易分公司 for failing to meet the contracted usage volume.」
The Company has reiterated that discussions remain under way regarding the penalty for failing to meet the usage volume under the natural gas contract relating to the Zhuhai subsidiary in liquidation. - FY2017-Q2RestatedAnnual report
「The Company's consolidated subsidiary 亞徳利玻璃（珠海）有限公司 is currently undergoing liquidation procedures pursuant to a resolution of its board of directors dated 22 October 2014. Accordingly, discussions are under way regarding the treatment of the penalty under its natural gas usage contract with 中海石油气電集団有限責任公司広東貿易分公司 for failing to meet the contracted usage volume.」
Discussions remain under way regarding the penalty for failing to meet the usage volume under the natural gas contract relating to the Zhuhai subsidiary in liquidation. - FY2017-Q1MaterialisedAnnual report
「The Company's consolidated subsidiary 亞徳利玻璃（珠海）有限公司 is currently undergoing liquidation procedures pursuant to a resolution of its board of directors dated 22 October 2014. Accordingly, discussions are under way regarding the treatment of the penalty under its natural gas usage contract with 中海石油气電集団有限責任公司広東貿易分公司 for failing to meet the contracted usage volume.」
The treatment of the penalty for failing to meet the usage volume under the natural gas usage contract of the Chinese subsidiary in liquidation remains unresolved.