Recognition of Deferred Tax Assets and Liabilities Following Amendments to IAS 12
First written in FY2024-Q1. 2 of 3 entries say "Restated". Latest entry: FY2024-Q3.
19 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「The company has applied the May 2021 amendments to IAS 12 from the first quarter. The amendments clarified the accounting treatment at initial recognition for transactions that give rise to equal amounts of taxable and deductible temporary differences at the time of the transaction. Accordingly, the company recognizes deferred tax liabilities and deferred tax assets for those taxable and deductible temporary differences, respectively, in the consolidated statement of financial position.」
The company has continued to apply the May 2021 amendments to IAS 12 from the first quarter, together with the accounting treatment recognizing deferred tax liabilities and deferred tax assets and the retrospective application. - FY2024-Q2RestatedAnnual report
「The company has applied IAS 12 “Income Taxes” (revised in May 2021) from the first quarter. The amendments clarified the accounting treatment at initial recognition for transactions that give rise to equal amounts of taxable and deductible temporary differences at the time of the transaction.」
The application from the first quarter of the amendments to IAS 12, the accounting treatment recognizing deferred tax liabilities and deferred tax assets, and the retrospective application of prior-period figures have continued. - FY2024-Q1First statedAnnual report
「The company has applied IAS 12 “Income Taxes” (revised in May 2021) from the first quarter. The amendments clarified the accounting treatment at initial recognition for transactions that give rise to equal amounts of taxable and deductible temporary differences at the time of the transaction. As a result, at the end of the previous fiscal year in the condensed interim consolidated statement of financial position, assets decreased by ¥872 million due to changes in investments accounted for using the equity method and deferred tax assets, while equity decreased by ¥872 million due to changes in retained earnings and non-controlling interests.」
From the first quarter, the company applied the May 2021 amendments to IAS 12 and adopted accounting treatment recognizing deferred tax liabilities and deferred tax assets for transactions that give rise to equal amounts of taxable and deductible temporary differences. Retrospective application reduced assets and equity at the end of the previous fiscal year by ¥872 million each.