Application of IFRS 16, “Leases,” by overseas subsidiaries
First written in FY2020-Q1. 5 of 7 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2021: 3 of 8 companies on the "Worse" side.
18 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「As a result, at the end of the current consolidated fiscal year, leased assets, net, within property, plant and equipment increased by ¥13,919 million, other current liabilities by ¥2,882 million, and lease obligations within non-current liabilities by ¥11,127 million.」
Lease accounting continued to apply throughout the year to overseas subsidiaries using U.S. GAAP, and the impact on assets and liabilities was disclosed. - FY2023-Q3RestatedAnnual report
「As a result, at the end of the third quarter of the current consolidated fiscal year, other property, plant and equipment increased by ¥13,762 million, other current liabilities by ¥2,734 million, and other non-current liabilities by ¥11,137 million. The impact of adopting this standard on the quarterly consolidated income statement was immaterial.」
Lease accounting continued to apply to overseas subsidiaries using U.S. GAAP, and the impact on assets and liabilities as of the end of the third quarter was disclosed. - FY2023-Q2RestatedAnnual report
「As a result, at the end of the second quarter of the current consolidated fiscal year, other property, plant and equipment increased by ¥12,296 million, other current liabilities by ¥2,818 million, and other non-current liabilities by ¥9,550 million. The impact of adopting this standard on the quarterly consolidated income statement was immaterial.」
Lease accounting continued to apply to overseas subsidiaries using U.S. GAAP, and the impact on assets and liabilities as of the end of the first half was disclosed. - FY2023-Q1AdvancedAnnual report
「From the first quarter of the current consolidated fiscal year, overseas subsidiaries of the group that apply U.S. GAAP have adopted “Leases” (ASU 2016-02, 25 February 2016). As a result, lessees generally recognize all leases as assets and liabilities on the balance sheet.」
Lease accounting was extended to overseas subsidiaries applying U.S. GAAP, in addition to those applying IFRS 16. As a result of the adoption, other property, plant and equipment increased by ¥12,727 million, while other current and non-current liabilities increased by a combined ¥12,751 million. - FY2020-Q3RestatedAnnual report
「From the first quarter of the consolidated fiscal year, overseas subsidiaries of the group that apply IFRS have adopted IFRS 16, “Leases.” As a result, lessees generally recognize all leases as assets and liabilities on the balance sheet.」
The adoption of IFRS 16 continued, and as of the end of the third quarter, the disclosed impact was an increase of ¥5,593 million in property, plant and equipment, ¥1,749 million in current liabilities, and ¥3,828 million in non-current liabilities. - FY2020-Q2RestatedAnnual report
「From the first quarter of the consolidated fiscal year, overseas subsidiaries of the group that apply IFRS have adopted IFRS 16, “Leases.” As a result, lessees generally recognize all leases as assets and liabilities on the balance sheet.」
The adoption of IFRS 16 continued, and as of the end of the second quarter, property, plant and equipment had increased by ¥5,860 million, other current liabilities by ¥1,799 million, and other non-current liabilities by ¥4,089 million compared with before adoption. - FY2020-Q1First statedAnnual report
「From the first quarter of the current consolidated fiscal year, overseas subsidiaries of the group that apply IFRS have adopted IFRS 16, “Leases.” As a result, lessees generally recognize all leases as assets and liabilities on the balance sheet.」
For overseas subsidiaries applying IFRS, IFRS 16 was adopted from the first quarter of fiscal 2019. As a result of the adoption, property, plant and equipment increased by ¥6,637 million, other current liabilities by ¥1,851 million, and other non-current liabilities by ¥4,768 million.