Accounting for Finance Costs Associated with a Syndicated Loan Agreement
First written in FY2020-Q1. 3 of 4 entries say "Restated". Latest entry: FY2020.
1 other company's latest entry also says "Restated".
- FY2020RestatedAnnual report
「In connection with entering into the syndicated loan agreement for the fiscal year, the company paid an arrangement fee to the financial institution serving as arranger and recognized the entire amount as interest expense, resulting in an increase in interest expense.」
The annual report also states that interest expense increased because the arrangement fee related to the syndicated loan agreement was recognized in full. - FY2020-Q3RestatedAnnual report
「In connection with entering into the syndicated loan agreement for the fiscal year, the company paid an arrangement fee to the financial institution serving as arranger and recognized the entire amount as non-operating expenses, specifically interest expense.」
The item stating that the arrangement fee related to the syndicated loan agreement was recognized in full as non-operating expenses and interest expense continues to be disclosed. - FY2020-Q2RestatedAnnual report
「In connection with entering into the syndicated loan agreement described in the "Notice of Execution of Syndicated Loan Agreement" disclosed on 18 March 2019, the company paid an arrangement fee to the financial institution serving as arranger and recognized the entire amount as non-operating expenses, specifically interest expense.」
The continued disclosure states that the arrangement fee related to the syndicated loan agreement was recognized in full as non-operating expenses and interest expense. - FY2020-Q1First statedAnnual report
「In connection with entering into the syndicated loan agreement described in the "Notice of Execution of Syndicated Loan Agreement" disclosed on 18 March 2019, the company paid an arrangement fee to the financial institution serving as arranger and recognized the entire amount as non-operating expenses, specifically interest expense.」
The lump-sum recognition of the arrangement fee related to the syndicated loan agreement as non-operating expenses and interest expense is described for the first time as a separate item. No amount is disclosed.