Application of the Revised Tax Effect Accounting Standard and Changes in the Presentation of Deferred Tax Items
First written in FY2019-Q2. 2 of 4 entries say "Reframed", first in FY2024-Q1. Latest entry: FY2025-H1.
The whole theme swung hardest in 2024: 2 of 7 companies on the "Worse" side.
- FY2025-H1ReframedAnnual report
「The Accounting Standard for Accounting for Income Taxes, Levies and Business Taxes, Accounting Standard No. 27 dated 28 October 2022, and related standards have been applied from the beginning of the interim consolidated accounting period.」
In addition to the previously disclosed revisions to the standards and presentation changes relating to tax effect accounting, the company applied the 2022 amendments to accounting standards and other changes from the beginning of the current interim consolidated accounting period. The impact on the financial statements is described as nil. - FY2024-Q1ReframedAnnual report
「Subsidiaries applying International Financial Reporting Standards have applied the amendments to IAS 12, "Deferred Tax related to Assets and Liabilities arising from a Single Transaction," from the first-quarter consolidated accounting period.」
In addition to the previously disclosed revisions to the standards and presentation changes relating to tax effect accounting, the company has indicated that subsidiaries applying IFRS adopted the amendments to IAS 12. The impact on the financial statements is described as immaterial. - FY2019-Q3RestatedAnnual report
「We applied the Partial Amendments to the Accounting Standard for Tax Effect Accounting (Accounting Standard No. 28, 16 February 2018) and related standards from the beginning of the first quarter. Deferred tax assets are presented under investments and other assets, while deferred tax liabilities are presented under non-current liabilities.」
It reiterates the application of the amendments to the accounting standard for tax effects and the change in the presentation categories for deferred tax assets and liabilities. - FY2019-Q2First statedAnnual report
「We applied the Partial Amendments to the Accounting Standard for Tax Effect Accounting (Accounting Standard No. 28, 16 February 2018) and related standards from the beginning of the first quarter. Deferred tax assets are presented under investments and other assets, while deferred tax liabilities are presented under non-current liabilities.」
The company has applied the revisions to the accounting standard for tax effect accounting from the beginning of the first-quarter consolidated accounting period and has newly disclosed an accounting policy that changes the presentation classification of deferred tax assets and liabilities.