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Premium Group (7199) · FactDisclosure of the full-year impact of adoption

Impact of IFRS 9 adoption on impairment losses and retained earnings

First written in FY2019-Q1. . Latest entry: FY2019.

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ProgressHeldSoftenedWorseOtherFY2019-Q1 – FY20192018: 220182019: 22019
Same theme, other companies
Application of the IFRS 9 Expected Credit Loss ModelA theme 17 companies write about · 3 as a headwind · 0 as a tailwind

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Showing 14 of the 17 companies compared. The sentences above are computed from all 17.
Full recordFilings, disclosures and news, newest first
  1. FY2019Disclosure of the full-year impact of adoptionAnnual report

    「Compared with applying the previous accounting standards, profit before tax for the consolidated fiscal year decreased by ¥363.414 million and profit for the year decreased by ¥252.137 million.」

    The company discloses the impact of IFRS 9 adoption on full-year profit before tax and profit for the year.
  2. FY2019-Q3Disclosure of the impact of adoption for the cumulative third quarterAnnual report

    「Compared with applying the previous accounting standards, profit before tax for the cumulative third quarter of the current consolidated fiscal year decreased by ¥484.177 million and quarterly profit decreased by ¥323.356 million.」

    The company discloses the impact of IFRS 9 adoption on profit before tax and quarterly profit for the cumulative third quarter.
  3. FY2019-Q2Disclosure of the impact of adoption for the cumulative second quarterAnnual report

    「Following the adoption of IFRS 9, compared with applying the previous accounting standards, financial receivables decreased by ¥1,353.221 million, other assets by ¥89.650 million, and retained earnings by ¥1,164.989 million as of the beginning of the period, while deferred tax assets increased by ¥519.909 million and financial guarantee contracts by ¥242.026 million. Compared with applying the previous accounting standards, profit before tax for the cumulative second quarter of the current consolidated fiscal year decreased by ¥190.387 million and quarterly profit decreased by ¥127.149 million.」

    In addition to the impact on opening balances, the company discloses decreases of ¥190.387 million in profit before tax and ¥127.149 million in quarterly profit for the cumulative second quarter.
  4. FY2019-Q1First statedAnnual report

    「Following the adoption of IFRS 9, compared with applying the previous accounting standards, financial receivables decreased by ¥1,353.221 million, other assets by ¥89.650 million, and retained earnings by ¥1,164.989 million as of the beginning of the period, while deferred tax assets increased by ¥519.909 million and financial guarantee contracts by ¥242.026 million. Compared with applying the previous accounting standards, profit before tax for the first quarter of the current consolidated fiscal year decreased by ¥311.241 million and quarterly profit decreased by ¥207.861 million.」

    The company discloses the specific impact of IFRS 9 adoption on opening balances and first-quarter profit.
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Impact of IFRS 9 adoption on impairment losses and retained earnings | Premium Group Co.,Ltd. (7199) | Komori