King Jim (7962) · RiskRestated
Recoverability Risk for Deferred Tax Assets
First written in FY2020. 1 of 2 entries say "Restated". Latest entry: FY2021-Q1.
2entries
1years
0from disclosures
How it moved
Same theme, other companies
Risk related to estimates of future earnings, taxable income, etc. in assessing the recoverability of deferred tax assetsA theme 318 companies write about · 314 as a headwind · 6 as a tailwind
The whole theme swung hardest in 2020: 20 of 62 companies on the "Worse" side.
Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 199 companies compared. The sentences above are computed from all 199.Comparing 200 of the theme's 320 threads.Full recordFilings, disclosures and news, newest first
- FY2021-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
Disclosed that there had been no significant change in the recoverability risk of deferred tax assets. - FY2020First statedAnnual report
「Deferred tax assets are recognised after reasonably estimating taxable income based on future profit plans and assessing recoverability. If estimated taxable income declines due to changes in the market environment or other factors, deferred tax assets may be reduced and tax expenses may be recognised.」
Identified the risk of a reduction in deferred tax assets due to lower estimates of future profits and taxable income as a significant accounting estimate.