Application of new FASB accounting standards (inventory and goodwill impairment testing)
First written in FY2018-Q1. 3 of 4 entries say "Restated". Latest entry: FY2018.
0 other companies' latest entry also says "Restated".
- FY2018RestatedAnnual report
「The application of this ASU had no impact on the Group's operating results or financial position for fiscal 2018.」
The company applied the new FASB accounting standards on inventory measurement and goodwill impairment testing, but the disclosure states that they had no impact on full-year operating results or financial position. - FY2018-Q3RestatedAnnual report
「The application of this ASU had no impact on the Group's operating results or financial position for the current third-quarter cumulative period.」
The disclosure continues to state that the application of the new FASB accounting standards on inventory measurement and goodwill impairment testing had no impact on operating results or financial position for the first nine months. - FY2018-Q2RestatedAnnual report
「The application of this ASU had no impact on the Group's operating results or financial position for the current second-quarter cumulative period.」
The disclosure continues to state that the application of the new FASB accounting standards on inventory measurement and goodwill impairment testing had no material impact on operating results or financial position for the first half. - FY2018-Q1First statedAnnual report
「The Group has applied this ASU prospectively from the current first-quarter cumulative period. The application of this ASU has had no material impact on the Group's operating results or financial position.」
The company applied ASU 2015-11 on the measurement of inventories and early adopted ASU 2017-04, which simplifies goodwill impairment testing. It states that neither had a material impact on operating results or financial position for the current first quarter.