Changes in the Presentation of Deferred Tax Assets and Liabilities Following Amendments to the Tax Effect Accounting Standards
First written in FY2020-Q1. 1 of 2 entries say "Restated". Latest entry: FY2020-Q2.
The whole theme swung hardest in 2024: 3 of 9 companies on the "Worse" side.
- FY2020-Q2RestatedAnnual report
「We have applied the “Partial Amendments to Accounting Standard for Tax Effect Accounting” (Accounting Standards Board of Japan Statement No. 28, 16 February 2018) and other standards from the beginning of the first quarter of the current consolidated fiscal year. Deferred tax assets are presented under investments and other assets, and deferred tax liabilities under non-current liabilities.」
The company is reconfirming that it applied the change in the presentation classification of deferred tax assets and liabilities resulting from the revision of the accounting standards for tax effect accounting from the beginning of the first quarter. - FY2020-Q1First statedAnnual report
「We have applied the “Partial Amendments to Accounting Standard for Tax Effect Accounting” (Accounting Standard No. 28, 16 February 2018) and other standards from the beginning of the first quarter of the current consolidated fiscal year. Deferred tax assets are presented under investments and other assets, while deferred tax liabilities are presented under non-current liabilities.」
The company applied the revised accounting standards for tax effect accounting and related changes from the beginning of the current first quarter and changed the presentation classification of deferred tax assets and liabilities. It also reclassified the presentation for the previous consolidated fiscal year.