Recognition of right-of-use assets and lease liabilities upon adoption of IFRS 16 Leases
First written in FY2020-Q1. 1 of 2 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2025: 4 of 16 companies on the "Worse" side.
- FY2020RestatedAnnual report
「Under IFRS 16, lessees generally recognize right-of-use assets and lease liabilities for all leases,」
The company reaffirmed the application of IFRS 16 by an overseas consolidated subsidiary and the recognition of right-of-use assets and lease liabilities as an accounting policy for the year and its financial impact. - FY2020-Q1First statedAnnual report
「An overseas consolidated subsidiary applying International Financial Reporting Standards (IFRS) adopted IFRS 16, “Leases,” from the beginning of the first quarter of the current fiscal year. Accordingly, for leases in which it is the lessee, the company generally recognizes right-of-use assets and lease liabilities for all leases. As a result, at the beginning of the first quarter, property, plant and equipment increased by ¥77.379 million, current lease liabilities increased by ¥22.872 million, non-current lease liabilities increased by ¥71.618 million, and retained earnings decreased by ¥17.112 million.」
An overseas consolidated subsidiary adopted IFRS 16 from the beginning of the first quarter and generally recognized right-of-use assets and lease liabilities for all leases. The adoption increased property, plant and equipment and current and non-current lease liabilities, while reducing retained earnings.