Change in Deferred Tax Asset Presentation Following Amendments to the Tax Effect Accounting Standard
First written in FY2019-Q3. 1 of 2 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2024: 3 of 9 companies on the "Worse" side.
- FY2019RestatedAnnual report
「The company applied the “Partial Amendments to Accounting Standard for Tax Effect Accounting” (Accounting Standard No. 28, 16 February 2018; hereinafter, the “Partial Amendments to the Tax Effect Accounting Standard”) from the beginning of the current fiscal year and changed the presentation of deferred tax assets to the investments and other assets category.」
The company reconfirmed in its annual disclosure that it applied the amended tax-effect accounting standards from the beginning of the fiscal year and changed the presentation classification of deferred tax assets. - FY2019-Q3First statedAnnual report
「We have applied the “Partial Amendments to the Accounting Standard for Tax Effect Accounting” (Accounting Standard for Business Enterprises No. 28, dated 16 February 2018) and other standards from the beginning of the first quarter accounting period, and deferred tax assets are presented under investments and other assets.」
The company applied the amended tax-effect accounting standards and related provisions from the beginning of the current quarter and changed the presentation classification of deferred tax assets.