Consolidation adjustments arising from the change in G-TEKT Europe Manufacturing Ltd.'s fiscal year-end
First written in FY2017-Q2. 3 of 6 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2020.
8 other companies' latest entry also says "Advanced".
- FY2020AdvancedAnnual report
「To obtain more appropriate management information and disclose consolidated financial statements, the company has changed, from the current consolidated fiscal year, to a method of conducting a provisional closing at the consolidated closing date.」
The company changed from adjusting for material transactions arising from differences in fiscal periods to conducting a provisional closing at the consolidated reporting date, applying on an annual basis an operating method that aligns consolidated subsidiaries’ information with the consolidated reporting date. - FY2020-Q1AdvancedAnnual report
「Previously, where the difference between the end of a consolidated subsidiary’s quarterly accounting period and the quarterly consolidated reporting date did not exceed 3 months, the company prepared quarterly consolidated financial statements based on the subsidiary’s quarterly financial statements and made the necessary adjustments for material transactions arising between the two dates. To obtain more appropriate management information and provide more timely and appropriate disclosure in the quarterly consolidated financial statements, the company changed the method from the first quarter consolidated accounting period to one involving a provisional closing at the quarterly consolidated reporting date.」
The company changed from the previous method of adjusting for material transactions arising from differences in consolidated subsidiaries’ fiscal periods to conducting a provisional closing at the quarterly consolidated reporting date, improving the timeliness and appropriateness of consolidated information. - FY2019-Q1AdvancedAnnual report
「Previously, the company used the financial statements of Austin Tri-Hawk Automotive, Inc., a consolidated subsidiary whose fiscal year-end was 31 December, as of that date and made the necessary consolidation adjustments for material transactions arising between that date and the consolidated fiscal year-end. Following the subsidiary’s change of fiscal year-end to 31 March, profit or loss for the three months from 1 January 2018 to 31 March 2018 in the current first quarter cumulative consolidated accounting period was consolidated with an adjustment to retained earnings.」
Following G-TEKT Europe Manufacturing Ltd., Austin Tri-Hawk Automotive, Inc. also changed its fiscal year-end to 31 March, advancing the alignment with the consolidated fiscal year-end. Profit or loss for the 3 months resulting from the change was adjusted through retained earnings. - FY2017AchievedAnnual report
「During the fiscal year, G-TEKT Europe Manufacturing Ltd. changed its fiscal year-end from 31 December to 31 March, aligning it with the group’s consolidated fiscal year-end. The company adjusted the subsidiary’s profit or loss for the three months from 1 January 2016 to 31 March 2016 through retained earnings and adjusted cash flows through the opening balance of cash and cash equivalents.」
The change in G-TEKT Europe Manufacturing Ltd.’s fiscal year-end was completed, aligning it with the consolidated fiscal year-end. The prescribed consolidation adjustments were made for the preceding 3 months. - FY2017-Q3RestatedAnnual report
「Following the company’s change of fiscal year-end to 31 March, the three months of profit or loss from 1 January 2016 to 31 March 2016 in the current third quarter cumulative consolidated accounting period were consolidated with an adjustment to retained earnings.」
The consolidation adjustment for three months of profit or loss following the change in G-TEKT Europe Manufacturing Ltd.’s fiscal year-end continues to be disclosed. - FY2017-Q2First statedAnnual report
「Following the company’s change of fiscal year-end to 31 March, the three months of profit or loss from 1 January 2016 to 31 March 2016 in the current second quarter cumulative consolidated accounting period were consolidated with an adjustment to retained earnings. Changes in cash and cash equivalents for the same period are presented under “Changes in Cash and Cash Equivalents Due to Change in Fiscal Year-End of Consolidated Subsidiary (decrease),” in the quarterly consolidated statement of cash flows.」
The fiscal year-end of the consolidated subsidiary was changed to 31 March. Profit or loss for the corresponding three-month prior period was adjusted through retained earnings, while changes in cash were presented separately in the statement of cash flows.