Recognition of Right-of-Use Assets and Lease Liabilities upon Application of IFRS 16, “Leases”
First written in FY2020-Q1. 1 of 4 entries say "Achieved", first in FY2023. Latest entry: FY2023.
The whole theme swung hardest in 2021: 3 of 8 companies on the "Worse" side.
6 other companies' latest entry also says "Achieved".
- FY2023AchievedAnnual report
「Certain overseas consolidated subsidiaries that apply US GAAP adopted ASC 842, Leases, from the beginning of the current consolidated fiscal year. As a result, for lessee lease transactions at these overseas consolidated subsidiaries, in principle all leases are recognized as assets and liabilities on the balance sheet.」
Overseas subsidiaries applying US GAAP began applying ASC 842 and recognized right-of-use assets of ¥3,594 million and total lease liabilities of ¥3,594 million at the beginning of the fiscal year. - FY2023-Q1Expansion to Lease Recognition under US GAAPAnnual report
「Certain overseas consolidated subsidiaries that apply US GAAP adopted ASC 842, Leases, from the beginning of the first quarter of the current consolidated fiscal year. As a result, for lessee lease transactions at these overseas consolidated subsidiaries, in principle all leases are recognized as assets and liabilities on the balance sheet.」
In addition to the existing application of IFRS 16, overseas subsidiaries applying US GAAP began applying ASC 842 from the beginning of the fiscal year and recognized right-of-use assets of ¥3,594 million and total lease liabilities of ¥3,594 million. - FY2020-Q3Quantification of the ImpactAnnual report
「As a result, at the beginning of the first quarter of the current consolidated fiscal year, right-of-use assets increased by ¥3,215 million, current lease liabilities increased by ¥1,407 million, non-current lease liabilities increased by ¥2,880 million, non-controlling interests decreased by ¥39 million, and retained earnings decreased by ¥1,033 million. The impact on operating income, ordinary income and profit before income taxes for the nine months ended the third quarter of the current fiscal year was immaterial.」
The impact of applying IFRS 16 on beginning balances and the immaterial impact on profit or loss for the nine months ended the third quarter were quantified. - FY2020-Q1First statedAnnual report
「Subsidiaries applying IFRS began applying IFRS 16, 'Leases' (issued in January 2016), from the beginning of the first quarter of the current consolidated fiscal year. As a result, lessees generally recognize assets and liabilities for all leases.」
The subsidiaries applying IFRS adopted IFRS 16, Leases, from the first quarter and changed their accounting treatment to recognize right-of-use assets and lease liabilities for, in principle, all leases.