Revenue Recognition and Contract Liability Presentation Following the Adoption of IFRS 15
First written in FY2019-Q1. 3 of 5 entries say "Restated". Latest entry: FY2022.
1 other company's latest entry also says "Other".
- FY2022Revenue recognition standard appliedAnnual report
「From the beginning of the fiscal year, the company has applied the Accounting Standard for Revenue Recognition and related standards.」
In addition to applying IFRS 15, the company applied the Accounting Standard for Revenue Recognition to its financial statements from the beginning of FY2021 and changed its treatment of principal-versus-agent arrangements, variable consideration and revenue recognized over time. - FY2019RestatedAnnual report
「Upon adopting IFRS 15, advances received and deferred revenue previously included in “Other current liabilities” and “Other noncurrent liabilities” have been presented as “Contract liabilities” from the beginning of the current consolidated fiscal year.」
Continued to recognize revenue using the five-step model under IFRS 15 and present contract liabilities and contract assets. - FY2019-Q3RestatedAnnual report
「Upon adopting IFRS 15, advances received and deferred revenue previously included in “Other current liabilities” and “Other noncurrent liabilities” have been presented as “Contract liabilities” from the beginning of the current consolidated fiscal year.」
Following the adoption of IFRS 15, the Company continued revenue recognition under the five-step model and presentation using contract liabilities and contract assets. - FY2019-Q2RestatedAnnual report
「Upon adopting IFRS 15, advances received and deferred revenue previously included in “Other current liabilities” and “Other noncurrent liabilities” have been presented as “Contract liabilities” from the beginning of the current consolidated fiscal year.」
Following the adoption of IFRS 15, the Company continued to recognize and present revenue using contract liabilities and contract assets. It stated that the impact on cumulative second-quarter revenue and other items was immaterial. - FY2019-Q1First statedAnnual report
「The Company has applied IFRS 15, “Revenue from Contracts with Customers,” from the beginning of the current consolidated fiscal year, 1 April 2018, using the method of recognizing the cumulative effect of applying the standard at the date of initial application. Upon adopting IFRS 15, the Company recognizes revenue based on the following five-step approach. The cumulative effect of applying IFRS 15 on retained earnings at the beginning of the current consolidated fiscal year was an increase of ¥7,150 million.」
The Company adopted IFRS 15 from 1 April 2018, commencing revenue recognition under the five-step model and presentation of contract liabilities and other items. The cumulative effect on retained earnings at the beginning of the fiscal year was an increase of ¥7.15 billion.