Risk of deferred tax assets becoming unrecoverable
First written in FY2018. 3 of 4 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2020: 20 of 62 companies on the "Worse" side.
- FY2022RestatedAnnual report
「Maintaining and improving taxable income through the achievement of management plan targets and other measures」
The recoverability of deferred tax assets and its impact on the capital adequacy ratio continue to be managed as risks. - FY2020RestatedAnnual report
「Maintaining and improving taxable income through the achievement of management plan targets and other measures」
The recoverability of deferred tax assets and its impact on the capital adequacy ratio continue to be managed as risks. - FY2019RestatedAnnual report
「If the Bank or its consolidated subsidiaries determine, based on forecasts and assumptions regarding future taxable income, that some or all of the deferred tax assets cannot be recovered, the deferred tax assets will be reduced. This could adversely affect the Group's operating results and financial position and could result in a lower capital adequacy ratio.」
The impact on performance and the capital adequacy ratio of the inability to recover deferred tax assets continues to be disclosed as a risk. - FY2018First statedAnnual report
「If the Bank or its consolidated subsidiaries determine, based on forecasts and assumptions regarding future taxable income, that some or all of the deferred tax assets cannot be recovered, the deferred tax assets will be reduced. This could adversely affect the Group's operating results and financial position and could result in a lower capital adequacy ratio.」
The reduction in deferred tax assets when they cannot be recovered based on forecasts of future taxable income and other factors, and the resulting impact on performance and the capital adequacy ratio, were disclosed separately as risks.