Application of the Accounting Estimates Disclosure Standard
First written in FY2021. 1 of 2 entries say "Advanced", first in FY2023. Latest entry: FY2023.
- FY2023AdvancedAnnual report
「For the receivable in question, the estimated uncollectible amount was recognized as an allowance for doubtful accounts using the financial condition assessment method. The estimated uncollectible amount was calculated taking the proposed rehabilitation plan into account. In addition, further losses may arise from the following consolidated fiscal year onward in relation to net realizable value, depending on market trends for rotary-wing aircraft.」
As significant accounting estimates, the company specifically disclosed the valuation of receivables and inventories related to ユーロテック based on the rehabilitation plan and aircraft market trends, as well as the possibility of additional future losses. - FY2021First statedAnnual report
「The company has applied the Accounting Standard for Disclosure of Accounting Estimates (ASBJ Statement No. 31, 31 March 2020) to the consolidated financial statements for the year-end of the current consolidated fiscal year and has included notes on significant accounting estimates in those consolidated financial statements.」
From the end of the current fiscal year, the standard on accounting estimates was applied, and allowances for doubtful accounts relating to major customer receivables and the valuation of unlisted shares and other assets were disclosed as significant accounting estimates.