Adoption of partial amendments to the tax-effect accounting standard
First written in FY2019-Q1. 3 of 4 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2024: 3 of 9 companies on the "Worse" side.
- FY2019RestatedAnnual report
「The Partial Amendments to the Accounting Standard for Tax Effect Accounting (Accounting Standards Board of Japan Statement No. 28, 16 February 2018; hereinafter, the “Partial Amendments to the Tax Effect Accounting Standard”) have been applied from the beginning of the fiscal year, and the presentation method has been changed so that deferred tax assets are presented under investments and other assets and deferred tax liabilities under non-current liabilities.」
The revised presentation categories for deferred tax assets and liabilities resulting from application of the Partial Amendments to the Tax Effect Accounting Standard from the beginning of the fiscal year have continued to be applied for the full fiscal year. - FY2019-Q3RestatedAnnual report
「The Partial Amendments to the Accounting Standard for Tax Effect Accounting (Accounting Standards Board of Japan Statement No. 28, 16 February 2018; hereinafter, the “Partial Amendments to the Tax Effect Accounting Standard”) and other relevant standards have been applied from the beginning of the first quarter of the fiscal year. Deferred tax assets are presented under investments and other assets, and deferred tax liabilities under non-current liabilities.」
The application of the Partial Amendments to the Tax Effect Accounting Standard from the beginning of the first quarter and the changes in the presentation categories of deferred tax assets and liabilities continue to be reflected. - FY2019-Q2RestatedAnnual report
「The Partial Amendments to the Accounting Standard for Tax Effect Accounting (Accounting Standards Board of Japan Statement No. 28, 16 February 2018; hereinafter, the “Partial Amendments to the Tax Effect Accounting Standard”) and other relevant standards have been applied from the beginning of the first quarter of the fiscal year. Deferred tax assets are presented under investments and other assets, and deferred tax liabilities under non-current liabilities.」
The application of the Partial Amendments to the Tax Effect Accounting Standard from the beginning of the first quarter and the changes in the presentation categories of deferred tax assets and liabilities continue to be reflected. - FY2019-Q1First statedAnnual report
「The Partial Amendments to the Accounting Standard for Tax Effect Accounting (Accounting Standards Board of Japan Statement No. 28, 16 February 2018; hereinafter, the “Partial Amendments to the Tax Effect Accounting Standard”) and other relevant standards have been applied from the beginning of the first quarter of the fiscal year. Deferred tax assets are presented under investments and other assets, and deferred tax liabilities under non-current liabilities. As a result, in the consolidated balance sheet for the previous fiscal year, compared with before application of the Partial Amendments to the Tax Effect Accounting Standard and other relevant standards, deferred tax assets under current assets decreased by ¥195 million, deferred tax assets under investments and other assets increased by ¥33 million, deferred tax liabilities under current liabilities decreased by ¥4 million, and deferred tax liabilities under non-current liabilities decreased by ¥157 million. In addition, because deferred tax assets and deferred tax liabilities of the same tax-paying entity are presented on a net basis, total assets and total liabilities each decreased by ¥161 million compared with before application.」
The Partial Amendments to the Accounting Standard for Tax Effect Accounting and other relevant standards were applied from the beginning of the first quarter, changing the presentation categories and offsetting presentation of deferred tax assets and liabilities. The impact of the application on balance sheet presentation was also disclosed.