Impairment of Power Plant Assets and SPC Equity Interests
First written in FY2017. 1 of 4 entries say "Restated". Latest entry: FY2022.
Renova moved to the "Worse" side of this theme in 2022.
1 other company's latest entry also says "Worsened".
- FY2022WorsenedAnnual report
「Development business-related losses also include ¥1,027 million and other amounts recognized as expenses for expenditures previously capitalized in connection with the development of projects in multiple other areas in Japan, excluding offshore Yurihonjo City, Akita Prefecture.」
The amount of previously capitalized expenditures related to offshore wind and other development projects recognized as expenses was updated from ¥994 million in the previous disclosure to ¥1,027 million. - FY2022-Q3MaterialisedAnnual report
「Development business-related losses also include ¥994 million and other amounts recognized as expenses for expenditures previously capitalized in connection with the development of projects in multiple other areas in Japan, excluding offshore Yurihonjo City, Akita Prefecture.」
The company expensed ¥994 million of expenditures previously capitalized in connection with multiple domestic offshore wind development projects, resulting in actual losses relating to development assets and investments. - FY2018RestatedAnnual report
「If declining profitability at a consolidated subsidiary or equity-method affiliate makes it impossible to recover the carrying amount of the relevant company, the assets associated with that business may be subject to impairment.」
The company reiterates the impairment risks relating to power plant assets, goodwill and SPC equity interests. - FY2017First statedAnnual report
「If declining profitability at a consolidated subsidiary or equity-method affiliate makes it impossible to recover the carrying amount of the relevant company, the assets associated with that business may be subject to impairment.」
The company indicates the possibility of impairment due to declining profitability, declines in goodwill and equity value, and the abandonment of commercialization after initial investment.