Recognition of Lease Assets and Liabilities upon Application of IFRS 16
First written in FY2020-Q1. 1 of 3 entries say "Advanced", first in FY2020-Q2. Latest entry: FY2023.
Kamei moved to the "Worse" side of this theme in 2023, the same year as the typical company in this theme.
The whole theme swung hardest in 2021: 3 of 8 companies on the "Worse" side.
4 other companies' latest entry also says "Reframed".
- FY2023ReframedAnnual report
「The overseas consolidated subsidiaries that apply U.S. GAAP have applied ASC 842, Leases, from the current consolidated fiscal year. As a result, lease transactions in which these overseas consolidated subsidiaries are lessees are, in principle, all recognised as assets and liabilities on the balance sheet.」
In addition to the previous IFRS 16 application theme, the overseas subsidiaries that apply U.S. GAAP also applied ASC 842 and recognised right-of-use assets of ¥7,282 million and lease liabilities of ¥8,038 million. - FY2020-Q2AdvancedAnnual report
「As a result, other property, plant and equipment increased by ¥933 million, other current liabilities increased by ¥47 million, and other non-current liabilities increased by ¥888 million at the end of the second quarter of the current consolidated fiscal year. The impact of this change on profit or loss for the cumulative second quarter of the current consolidated fiscal year was immaterial.」
The company disclosed increases of ¥933 million in lease assets, ¥47 million in current liabilities and ¥888 million in non-current liabilities associated with the application of IFRS 16, specifying the impact of the application on the balance sheet. - FY2020-Q1First statedAnnual report
「Subsidiaries applying International Financial Reporting Standards have adopted IFRS 16, “Leases” (hereinafter, “IFRS 16”), from the current first quarter of the consolidated fiscal year. As a result, lessees are now required, in principle, to recognise all leases as assets and liabilities on the balance sheet.」
From the first quarter of the current consolidated fiscal year, the company applied IFRS 16, increasing property, plant and equipment, current liabilities and non-current liabilities.