Impairment accounting for long-term interests in associates and joint ventures under the amendments to IAS 28
First written in FY2020-Q1. 2 of 3 entries say "Restated". Latest entry: FY2020-Q3.
0 other companies' latest entry also says "Restated".
- FY2020-Q3RestatedAnnual report
「We have applied the amendments to IAS 28, “Investments in Associates and Joint Ventures,” since the first quarter. The amendments clarify the accounting treatment of long-term interests in associates and joint ventures. Accordingly, impairment losses on long-term interests are recognized by applying IFRS 9, “Financial Instruments,” before incorporating losses under the equity method.」
Since the first quarter, the accounting policy of applying the amendments to IAS 28 and recognizing impairment under IFRS 9 first for long-term interests in associates and joint ventures has continued. - FY2020-Q2RestatedAnnual report
「We have applied the amendments to IAS 28, “Investments in Associates and Joint Ventures,” since the first quarter. The amendments clarify the accounting treatment of long-term interests in associates and joint ventures. Accordingly, impairment losses on long-term interests are recognized by applying IFRS 9, “Financial Instruments,” before incorporating losses under the equity method.」
Since the first quarter, the accounting policy of applying the amendments to IAS 28 and recognizing impairment under IFRS 9 first for long-term interests in associates and joint ventures has continued. - FY2020-Q1First statedAnnual report
「We have applied the amendments to IAS 28, “Investments in Associates and Joint Ventures,” since the first quarter. The amendments clarify the accounting treatment of long-term interests in associates and joint ventures. Accordingly, impairment losses on long-term interests are recognized by applying IFRS 9, “Financial Instruments,” before incorporating losses under the equity method.」
Applied the amendments to IAS 28 from the first quarter and transitioned to recognizing impairment losses under IFRS 9 on long-term interests in associates and joint ventures before incorporating losses under the equity method. At the date of initial application, trade and other receivables and retained earnings decreased by ¥30,218 million.