Change in Presentation of Deferred Tax Assets and Liabilities
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 partial amendment to the Accounting Standard for Tax Effect Accounting (Accounting Standards Board of Japan Statement No. 28, 16 February 2018) and other relevant standards have been applied from the current consolidated fiscal year. Deferred tax assets are presented under investments and other assets, and deferred tax liabilities under non-current liabilities.」
The amended tax-effect accounting standards have also been applied to the annual closing, and the changed presentation categories for deferred tax assets and liabilities continue to be used. - FY2019-Q3First statedAnnual report
「The partial amendment to the Accounting Standard for Tax Effect Accounting (Accounting Standards Board of Japan Statement No. 28, 16 February 2018) and other relevant standards have been applied from the beginning of the first-quarter consolidated accounting period. Deferred tax assets are presented under investments and other assets, and deferred tax liabilities under non-current liabilities.」
The amended tax-effect accounting standards issued in February 2018 and related standards were applied from the beginning of the first-quarter consolidated accounting period, changing the presentation categories for deferred tax assets and liabilities. The prior consolidated fiscal year's balance sheet was also reclassified from current assets to investments and other assets, and from current liabilities to non-current liabilities.