Application of Hyperinflation Accounting Under IAS 29 to Turkish Subsidiaries
First written in FY2023-Q2. 6 of 7 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2024: 2 of 14 companies on the "Worse" side.
12 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「The impact of inflation on the net monetary position is presented in non-operating expenses in the interim consolidated statement of income.」
Hyperinflationary accounting under IAS 29 has continued to be applied to the Turkish subsidiary, and an inflation accounting adjustment of ¥112.82 million was recognized in non-operating expenses during the current interim consolidated accounting period. - FY2025RestatedAnnual report
「The group has made accounting adjustments to the Turkish subsidiary’s financial statements in accordance with the requirements of IAS 29, Financial Reporting in Hyperinflationary Economies.」
For the Turkish subsidiary, adjustments based on IAS 29 have continued following the cumulative inflation rate exceeding 100%. The inflation accounting adjustment for the current fiscal year was ¥271.263 million. - FY2025-H1RestatedAnnual report
「In the consolidated fiscal year before the previous consolidated fiscal year, the three-year cumulative inflation rate in Turkey exceeded 100%. Accordingly, the group determined that its Turkish subsidiary, whose functional currency is the Turkish lira, was operating in a hyperinflationary economy. The group has therefore made accounting adjustments to the subsidiary’s financial statements in accordance with the requirements of IAS 29, Financial Reporting in Hyperinflationary Economies, from the interim cumulative period of the consolidated fiscal year before the previous consolidated fiscal year.」
For the Turkish subsidiary, accounting adjustments based on IAS 29 have continued following the three-year cumulative inflation rate exceeding 100%. The inflation accounting adjustment for the current interim consolidated accounting period was ¥133.604 million. - FY2024-Q2RestatedAnnual report
「In the previous consolidated fiscal year, the three-year cumulative inflation rate in Turkey exceeded 100%. Accordingly, the group determined that its Turkish subsidiary, whose functional currency is the Turkish lira, was operating in a hyperinflationary economy. The group has therefore made accounting adjustments to the subsidiary’s financial statements in accordance with the requirements of IAS 29, Financial Reporting in Hyperinflationary Economies, from the cumulative second quarter of the previous consolidated fiscal year.」
For the Turkish subsidiary, accounting adjustments based on IAS 29 have continued following the three-year cumulative inflation rate exceeding 100%. An inflation accounting adjustment of ¥174.716 million was recognized in non-operating expenses for the cumulative second quarter of the current fiscal year. - FY2024-Q1RestatedAnnual report
「In the previous consolidated fiscal year, the three-year cumulative inflation rate in Turkey exceeded 100%. Accordingly, the group determined that its Turkish subsidiary, whose functional currency is the Turkish lira, was operating in a hyperinflationary economy. The group has therefore made accounting adjustments to the subsidiary’s financial statements in accordance with the requirements of IAS 29, Financial Reporting in Hyperinflationary Economies, from the cumulative second quarter of the previous consolidated fiscal year.」
For the Turkish subsidiary, accounting adjustments based on IAS 29 have continued on the assumption that the three-year cumulative inflation rate exceeds 100%. An inflation accounting adjustment of ¥39.101 million was recognized in non-operating expenses in the first quarter of the current fiscal year. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the three-year cumulative inflation rate in Turkey exceeded 100%. Accordingly, the group determined that its Turkish subsidiary, whose functional currency is the Turkish lira, was operating in a hyperinflationary economy. The group has therefore made accounting adjustments to the subsidiary’s financial statements in accordance with the requirements of IAS 29, Financial Reporting in Hyperinflationary Economies.」
For the Turkish subsidiary, accounting adjustments based on IAS 29 have continued in light of the three-year cumulative inflation rate exceeding 100%. An inflation accounting adjustment of ¥166.930 million has been recognized in non-operating expenses. - FY2023-Q2First statedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the three-year cumulative inflation rate in Turkey exceeded 100%. Accordingly, the group determined that its Turkish subsidiary, whose functional currency is the Turkish lira, was operating in a hyperinflationary economy. The group has therefore made accounting adjustments to the subsidiary’s financial statements in accordance with the requirements of IAS 29, Financial Reporting in Hyperinflationary Economies.」
Following the three-year cumulative inflation rate in Turkey exceeding 100%, accounting adjustments based on IAS 29 were made to the Turkish subsidiary’s financial statements. The impact of inflation on the net monetary position has been recognized as an inflation accounting adjustment in non-operating expenses.