Provisional recognition of goodwill in connection with the acquisition of TCRS
First written in FY2020-Q1. 1 of 4 entries say "Reframed", first in FY2020. Latest entry: FY2021-Q3.
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- FY2021-Q3RestatedAnnual report
「Upon finalization of this provisional accounting treatment, significant revisions to the initial purchase price allocation were reflected in the comparative information included in the quarterly consolidated financial statements for the nine months ended this third quarter. The provisionally calculated goodwill of ¥4,999 million decreased by ¥3,314 million upon finalization of the accounting treatment, to ¥1,685 million.」
The finalized purchase price allocation associated with the acquisition of TCRS and the revision of goodwill from ¥4,999 million to ¥1,685 million are presented again as comparative information. - FY2020ReframedAnnual report
「The goodwill recognized was ¥1,685 million. The intangible asset identified through the purchase price allocation was a trademark valued at ¥4,360 million (MYR167 million), which is not amortized because its useful life cannot be determined.」
The purchase price allocation associated with the acquisition of TCRS was finalized, identifying goodwill of ¥1,685 million and a trademark valued at ¥4,360 million. - FY2020-Q3Update to the recognized amountAnnual report
「The increase in goodwill resulting from this event was ¥4,999 million. The above amount was calculated provisionally because the identifiable assets and liabilities as of the business combination date had not yet been identified and their fair values had not yet been estimated, and the purchase price allocation had therefore not been completed.」
The provisional amount of goodwill recognized in connection with the acquisition of TCRS and others was updated from ¥5,067 million in the previous quarter to ¥4,999 million. The purchase price allocation remained incomplete. - FY2020-Q1First statedAnnual report
「The increase in goodwill resulting from this event was ¥5,067 million. The above amount was calculated provisionally because the period from the business combination date to the reporting date was short, the identifiable assets and liabilities as of the business combination date had not yet been identified and their fair values had not yet been estimated, and the purchase price allocation had therefore not been completed.」
Goodwill of ¥5,067 million was recognized in connection with the acquisition of TCRS and others. The identifiable assets and liabilities as of the business combination date had not yet been identified and their fair values had not yet been estimated, so the purchase price allocation remained provisional.