Change in Accounting Treatment for Nuclear Power Generation Facility Dismantling Costs
First written in FY2019-Q1. 2 of 4 entries say "Restated". Latest entry: FY2025-H1.
Hokkaido Electric Power Company moved to the "Worse" side of this theme in 2024.
The whole theme swung hardest in 2024: 2 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- FY2025-H1ReframedAnnual report
「From the effective date of the amended ministerial ordinance, decommissioning contributions prescribed in Article 11, Paragraph 2 of the “Act on the Implementation of Reprocessing of Spent Fuel and Other Measures in Nuclear Power Generation and the Promotion of Decommissioning,” as amended under Article 3 of the amended Act, are recognized as operating expenses of the electric power business.」
The accounting framework changed from the previous treatment centered on recognizing asset retirement obligations and nuclear power plant decommissioning costs to a system under which decommissioning contributions are recognized as operating expenses of the electric power business. - FY2019RestatedAnnual report
「Compared with the previous method, operating income, ordinary income and pretax net income for the current consolidated fiscal year each decreased by ¥1,616 million. Nuclear power facilities and asset retirement obligations each increased by ¥15,159 million.」
The change in the method of recognizing nuclear power plant decommissioning costs continued to be applied, and the impact on annual profit and the increases in assets and liabilities were disclosed. - FY2019-Q3RestatedAnnual report
「Following the enforcement on 1 April 2018 of the “Ministerial Ordinance Partially Amending the Ministerial Ordinance on the Reserve for the Decommissioning of Nuclear Power Facilities and Other Ordinances” (Ordinance of the Ministry of Economy, Trade and Industry No. 17 of 2018), which amended the “Ministerial Ordinance on the Reserve for the Decommissioning of Nuclear Power Facilities,” the method of recognizing costs was changed, from the effective date of enforcement, to straight-line recognition over the estimated operating period. Compared with the previous method, operating income, ordinary income and pretax quarterly net income for the first nine months of the current fiscal year each decreased by ¥1,212 million. Nuclear power facilities and asset retirement obligations at the end of the third quarter each increased by ¥15,159 million.」
The change in the method of recognizing nuclear power plant decommissioning costs continued to be applied, reducing profit for the first nine months by ¥1,212 million and increasing nuclear power facilities and asset retirement obligations by ¥15,159 million each. - FY2019-Q1First statedAnnual report
「Compared with the previous method, operating income, ordinary income and pretax quarterly net income for the first nine months of the current fiscal year each decreased by ¥404 million. Nuclear power facilities and asset retirement obligations at the end of the first quarter of the current fiscal year each increased by ¥15,159 million.」
The change in the cost recognition method accompanying the amendment of the relevant ministerial ordinance was applied, reducing operating income, ordinary income and other profit measures for the quarter by ¥404 million and increasing nuclear power facilities and asset retirement obligations by ¥15,159 million each.