Standardisation of the depreciation method for the renewable energy development and operations business to the straight-line method
First written in FY2019-Q2. 1 of 2 entries say "Advanced", first in FY2019-Q3. Latest entry: FY2019-Q3.
7 other companies' latest entry also says "Advanced".
- FY2019-Q3AdvancedAnnual report
「Because the renewable energy development and operations business had previously used mainly the declining-balance method, the depreciation method was changed to the straight-line method from the first quarter.」
The depreciation method for the renewable energy development and operations business was changed to the straight-line method from the first quarter, standardising the group policy. The company explained that the impact of the change on profit and loss for the period is minor. - FY2019-Q2First statedAnnual report
「Because the renewable energy development and operations business had previously used mainly the declining-balance method, the depreciation method was changed to the straight-line method from the first quarter of the current fiscal year. Following a review of the depreciation method from the perspective of standardising group policies, prompted by the substantial replacement of depreciable assets in the renewable energy development and operations business due to the relocation of the head office, the group is standardising the method with the straight-line method used in its renewable energy generation business, which accounts for most of the group's depreciable assets.」
The depreciation method for the development and operations business was changed from the declining-balance method to the straight-line method, standardising the group policy with the method used in the generation business. The company explained that the impact on profit and loss is minor.