Change in Depreciation Methods for Building Fixtures and Structures
First written in FY2017-Q2. 5 of 6 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2024: 3 of 17 companies on the "Worse" side.
- FY2024RestatedAnnual report
「Property, plant and equipment (excluding leased assets): straight-line method. However, the declining-balance method is used for buildings acquired on or before 31 March 1998, building fixtures and structures acquired on or before 31 March 2016, and tools, furniture and fixtures acquired on or before 31 March 2016.」
The Company continues to disclose its depreciation policy of using the straight-line method or declining-balance method depending on when the assets were acquired. - FY2019RestatedAnnual report
「Property, plant and equipment (excluding leased assets): straight-line method. However, the declining-balance method is used for buildings acquired on or before 31 March 1998, and for building fixtures and structures acquired on or before 31 March 2016.」
The Company continues to disclose its depreciation policy of using the straight-line method or declining-balance method for buildings, building fixtures and structures depending on when they were acquired. - FY2018RestatedAnnual report
「Property, plant and equipment (excluding leased assets): straight-line method. However, the declining-balance method is used for buildings acquired on or before 31 March 1998, and for building fixtures and structures acquired on or before 31 March 2016.」
The Company continues to disclose its depreciation policy of using the straight-line method or declining-balance method for building fixtures and structures depending on when they were acquired. - FY2017RestatedAnnual report
「Following the amendment to the Corporation Tax Act, the Company applied “Practical Treatment of Changes in Depreciation Methods Related to the 2016 Tax Reform” (Practical Issues Task Force Report No. 32, 17 June 2016) in the current consolidated fiscal year and changed the depreciation method for building fixtures and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method. There was no impact on the consolidated financial statements during the consolidated fiscal year.」
The Company states its accounting policy of changing the depreciation method for building fixtures and structures from the declining-balance method to the straight-line method, and that there was no impact on the financial statements for the current fiscal year. - FY2017-Q3RestatedAnnual report
「Following the amendment to the Corporation Tax Act, the Company applied “Practical Treatment of Changes in Depreciation Methods Related to the 2016 Tax Reform” (Practical Issues Task Force Report No. 32, 17 June 2016) from the first quarter of the consolidated fiscal year and changed the depreciation method for building fixtures and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method. There was no impact on the quarterly consolidated financial statements during the nine-month period ended 31 December 2016.」
The Company continues to disclose its accounting policy of changing the depreciation method for building fixtures and structures from the declining-balance method to the straight-line method, stating that there was no impact during the nine-month period ended 31 December 2016. - FY2017-Q2First statedAnnual report
「Following the revision of the Corporation Tax Act, the company applied the Practical Solution on Changes in Depreciation Method Related to the 2016 Tax Reform (Practical Issues Task Force Report No. 32, 17 June 2016) from the first quarter of the consolidated fiscal year, changing the depreciation method for building fixtures and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method.」
For building fixtures and structures acquired on or after 1 April 2016, the depreciation method was changed from the declining-balance method to the straight-line method.