Response to IFRS 17 "Insurance Contracts"
First written in FY2021. 3 of 5 entries say "Restated". Latest entry: FY2024.
3 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Our group has applied IFRS 17, Insurance Contracts, beginning with the current consolidated fiscal year. IFRS 17 was applied as of the beginning of the previous consolidated fiscal year, the date of transition to the standard, and the financial statements were restated as of the beginning of the previous consolidated fiscal year.」
Following the adoption of IFRS 17, the presentation of warranty-service contract prepayments, warranty-service revenue and warranty-service costs has continued. - FY2024-Q3RestatedAnnual report
「Beginning with the first quarter of the consolidated fiscal year, our group has applied IFRS 17, Insurance Contracts (hereinafter, “IFRS 17”).」
Following the adoption of IFRS 17, the classification, recognition, measurement and disclosure of insurance contracts have continued in accordance with the standard. - FY2024-Q2RestatedAnnual report
「Beginning with the first quarter of the consolidated fiscal year, our group has applied IFRS 17, Insurance Contracts (hereinafter, “IFRS 17”).」
Following the adoption of IFRS 17, the classification, recognition, measurement and disclosure of insurance contracts have continued in accordance with the standard. - FY2024-Q1AchievedAnnual report
「Beginning with the first quarter of the current consolidated fiscal year, our group has applied IFRS 17, Insurance Contracts (hereinafter, “IFRS 17”). IFRS 17 was applied as of the beginning of the previous consolidated fiscal year, the date of transition to the standard, and the financial statements were restated as of the beginning of the previous consolidated fiscal year.」
IFRS 17, which had been disclosed as a standard not yet applied, was adopted beginning with the first quarter of the current consolidated fiscal year and applied retrospectively as of the beginning of the previous consolidated fiscal year. - FY2021First statedAnnual report
「IFRS 17 Insurance Contracts 1 January 2023 Fiscal year ending March 2024 Amendments relating to insurance contracts」
For the first time, the company has disclosed the mandatory effective date of IFRS 17 and the timing of its adoption by the group as a published standard not yet applied.