Changes in Accounting Treatment Following Amendments to the Spent Fuel Reprocessing System
First written in FY2017-Q2. 2 of 4 entries say "Restated". Latest entry: FY2018.
0 other companies' latest entry also says "Restated".
- FY2018RestatedAnnual report
「The amount of the contribution prescribed in Article 4, paragraph 1 of the Act Partially Amending the Act on the Accumulation and Management of Reserves for the Reprocessing, etc. of Spent Fuel from Nuclear Power Generation (Act No. 40 of 2016, hereinafter the “Revised Act”) is recognized, pursuant to paragraph 2 of that article, as operating expenses of the electric utility business according to the volume of spent fuel generated through the operation of nuclear power plants.」
The contribution-based accounting treatment following the revisions to the spent fuel reprocessing system continues to be applied. - FY2017AdvancedAnnual report
「The costs required to carry out the reprocessing, etc. of spent fuel had previously been recognized as provisions for spent fuel reprocessing, etc. and provisions for preparations for spent fuel reprocessing, etc., based on the present-value equivalent of the amount calculated according to the volume of spent fuel generated through the operation of nuclear power plants. However, from the effective date of the revised ministerial ordinance, the amount of the contribution prescribed in Article 4, paragraph 1 of the revised Act is to be recognized, pursuant to paragraph 2 of that article, as operating expenses of the electric utility business according to the volume of spent fuel generated through the operation of nuclear power plants.」
The change to the contribution-based accounting treatment following the system revisions was reflected in the full-year financial statements, and the spent fuel reprocessing reserve and the previous provisions were reversed. - FY2017-Q3RestatedAnnual report
「On 1 October 2016, the Act Partially Amending the Act on the Accumulation and Management of Reserves for the Reprocessing, etc. of Spent Fuel from Nuclear Power Generation and the ministerial ordinance partially amending the Ordinance on Accounting for Electric Utility Operations, etc. came into force, and the Ordinance on Accounting for Electric Utility Operations was revised.」
The change in accounting treatment following the revisions to the spent fuel reprocessing system continues to be described. - FY2017-Q2First statedAnnual report
「On 1 October 2016, the Act Partially Amending the Act on the Accumulation and Management of Reserves for the Reprocessing, etc. of Spent Fuel from Nuclear Power Generation and the ministerial ordinance partially amending the Ordinance on Accounting for Electric Utility Operations, etc. came into force, and the Ordinance on Accounting for Electric Utility Operations was revised.」
The text describes the change resulting from the system revisions for spent fuel reprocessing, from the previous treatment of recognizing provisions to recognizing contributions as operating expenses of the electric utility business, as well as the transfer of reserves and provisions.