Implementation of the Expected Credit Loss Model under IFRS 9
First written in FY2019-Q1. 3 of 4 entries say "Restated". Latest entry: FY2019.
12 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「The consolidated companies have applied the following standard from the current consolidated fiscal year: IFRS 9, Financial Instruments — classification and measurement of debt instruments and introduction of the expected credit loss model.」
IFRS 9 and the expected credit loss model applied from the current fiscal year continue to be used in the annual financial statements. - FY2019-Q3RestatedAnnual report
「Lifetime expected credit losses are recognized as an allowance for doubtful accounts when the credit risk associated with a financial asset has increased significantly since initial recognition or when the asset is credit-impaired. When credit risk has not increased significantly, 12-month expected credit losses are recognized as an allowance for doubtful accounts.」
The IFRS 9 expected credit loss model applied from the first quarter continues to be used. - FY2019-Q2RestatedAnnual report
「The consolidated companies have applied IFRS 9 “Financial Instruments” from the first quarter. Lifetime expected credit losses are recognized as an allowance for doubtful accounts when the credit risk associated with a financial asset has increased significantly since initial recognition or when the asset is credit-impaired. When credit risk has not increased significantly, 12-month expected credit losses are recognized as an allowance for doubtful accounts.」
The IFRS 9 expected credit loss model introduced from the first quarter continued to be applied in the second quarter. The impact of its application on the financial statements was considered immaterial. - FY2019-Q1First statedAnnual report
「The consolidated companies have applied IFRS 9 “Financial Instruments” (revised July 2014, hereinafter “IFRS 9”) from the current first quarter. This revised the impairment requirements for financial assets measured at amortized cost. Specifically, lifetime expected credit losses are recognized as an allowance for doubtful accounts when the credit risk associated with a financial asset has increased significantly since initial recognition or when the asset is credit-impaired.」
IFRS 9 was applied from the first quarter, introducing a 12-month or lifetime expected credit loss model based on increases in credit risk. The impact on the financial statements was described as immaterial.