Application of IFRS 9 and IFRS 15 to Overseas Consolidated Subsidiaries
First written in FY2019-Q1. 7 of 10 entries say "Restated". Latest entry: FY2023-Q3.
The whole theme swung hardest in 2020: 2 of 23 companies on the "Worse" side.
42 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「Overseas consolidated subsidiaries applying US GAAP have applied US GAAP ASU 2016-02, “Leases,” from the beginning of the first quarter of the current consolidated fiscal year. Accordingly, with respect to leases in which these overseas consolidated subsidiaries are lessees, in principle all leases are recognized as assets and liabilities on the balance sheet.」
The application of ASU 2016-02, “Leases,” by overseas consolidated subsidiaries applying US GAAP continues to be disclosed. - FY2023-Q1AdvancedAnnual report
「Overseas consolidated subsidiaries applying US GAAP have applied US GAAP ASU 2016-02, “Leases,” from the beginning of the first quarter of the current consolidated fiscal year. Accordingly, with respect to leases in which these overseas consolidated subsidiaries are lessees, in principle all leases are recognized as assets and liabilities on the balance sheet.」
In addition to the application of accounting standards by existing overseas subsidiaries, an overseas consolidated subsidiary applying US GAAP began applying ASU 2016-02, “Leases.” - FY2022RestatedAnnual report
「Overseas subsidiaries applying International Financial Reporting Standards (IFRS) have applied IFRS 16 (Leases) from the beginning of the current consolidated fiscal year.」
The annual report continued to disclose the application of IFRS 16 by overseas subsidiaries and the recognition of right-of-use assets and other items. - FY2020RestatedAnnual report
「Overseas subsidiaries applying International Financial Reporting Standards (IFRS) have applied IFRS 16 (Leases) from the beginning of the current consolidated fiscal year.」
The annual report also confirmed the application of IFRS 16 by overseas subsidiaries and disclosed its impact on the consolidated balance sheet, including ¥10,934 million in right-of-use assets. - FY2020-Q3RestatedAnnual report
「Overseas subsidiaries applying International Financial Reporting Standards (IFRS) have applied IFRS 16 (Leases) from the beginning of the first quarter of the current consolidated fiscal year. In applying IFRS 16, the subsidiaries adopted the transition method of recognizing the cumulative effect of applying the standard at the date of initial application. As a result, at the end of the third quarter, other property, plant and equipment, net of depreciation, increased by ¥7,259 million, other current liabilities by ¥1,211 million and other non-current liabilities by ¥5,232 million, while other investments and other assets decreased by ¥757 million, in the quarterly consolidated balance sheet.」
The application of IFRS 16 by overseas subsidiaries continued to be disclosed, showing its impact on assets and liabilities at the end of the third quarter. - FY2020-Q2RestatedAnnual report
「Overseas subsidiaries applying International Financial Reporting Standards (IFRS) have applied IFRS 16 (Leases) from the beginning of the first quarter of the current consolidated fiscal year.」
The application of IFRS 16 by overseas subsidiaries continued to be disclosed, with other property, plant and equipment increasing by ¥7,344 million, other current liabilities by ¥1,211 million and other non-current liabilities by ¥5,198 million at the end of the second quarter. - FY2020-Q1AdvancedAnnual report
「Overseas subsidiaries applying International Financial Reporting Standards (IFRS) have applied IFRS 16 (Leases) from the beginning of the first quarter of the current consolidated fiscal year. In applying IFRS 16, the subsidiaries adopted the transition method of recognizing the cumulative effect of applying the standard at the date of initial application.」
In addition to the previous application of IFRS 9 and IFRS 15, overseas subsidiaries began applying IFRS 16 (Leases). As a result, other property, plant and equipment increased by ¥7,251 million, other current liabilities by ¥1,209 million and other non-current liabilities by ¥5,469 million. - FY2019-Q3RestatedAnnual report
「Overseas consolidated subsidiaries other than those in the United States have applied IFRS 9 (Financial Instruments) and IFRS 15 (Revenue from Contracts with Customers) from the first quarter of the current consolidated fiscal year. The impact of applying these accounting standards on the consolidated financial statements is immaterial.」
The application of IFRS 9 and IFRS 15 by overseas consolidated subsidiaries other than those in the United States, and the immaterial impact on the consolidated financial statements, have been reconfirmed. - FY2019-Q2RestatedAnnual report
「Overseas consolidated subsidiaries other than those in the United States have applied IFRS 9 (Financial Instruments) and IFRS 15 (Revenue from Contracts with Customers) from the first quarter of the current consolidated fiscal year. The impact of applying these accounting standards on the consolidated financial statements is immaterial.」
The application of IFRS 9 and IFRS 15 by overseas consolidated subsidiaries other than those in the United States, and the immaterial impact on the consolidated financial statements, have been reconfirmed. - FY2019-Q1First statedAnnual report
「Overseas consolidated subsidiaries other than those in the United States have applied IFRS 9 (Financial Instruments) and IFRS 15 (Revenue from Contracts with Customers) from the first quarter of the current consolidated fiscal year. The impact of applying these accounting standards on the consolidated financial statements is immaterial.」
Overseas consolidated subsidiaries other than those in the United States began applying IFRS 9 and IFRS 15, with the impact on the consolidated financial statements described as immaterial.