Square Enix 2004 Annual Report Download - page 31

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SQUARE ENIX 2004 29
SQUARE
—
Fiscal year under review (April 1, 2003 to March 31, 2004)
The Company
Finance leases, other than those that for which the ownership of the leased
assests are considered to be transferred to the lessees are accounted for as
an operating leases.
(6) Accounting for deferred assets
Previous fiscal year (April 1, 2002 to March 31, 2003)
ENIX
(a) Common share issuance expenses
Costs associated with the issuance of common shares are expensed as
incurred.
SQUARE
—
Fiscal year under review (April 1, 2003 to March 31, 2004)
The Company
(a) Common share issuance expenses
Costs associated with the issuance of common shares are expensed as
incurred.
(7) Additional accounting policies used to prepare consolidated financial
statements
Previous fiscal year (April 1, 2002 to March 31, 2003)
ENIX
(a) Accounting treatment of consumption tax
Income statement items are presented exclusive of consumption tax.
(b) —
(c) Accounting standard for treasury stock and reversal of legal reserves
Effective from the year ended March 31, 2003, Enix adopted the
Statement of Financial Accounting Standards No. 1 “Accounting for
Treasury Stock and Reversal of Capital and Legal Reserves” issued by
the Accounting Standards Board of Japan. There was no impact on
income from the adoption of this standard.
Effective from the fiscal year ended March 31, 2003, ENIX adopted the
new Japanese regulation for the presentation of shareholders’ equity.
The consolidated balance sheet and consolidated statement of share-
holders’ equity has been prepared in accordance with the new regula-
tions.
(d) Per share information
Effective from the fiscsal year ended March 31, 2003, ENIX adopted
the Statement of Financial Accounting Standards No. 2 “Financial
Accounting Standards for Earnings per Share” and the Financial
Accounting Standards Implementation Guidance No. 4
“Implementation Guidance for Accounting Standards for Earnings per
Share” issued by the Accounting Standards Board of Japan. If the previ-
ous standard had been applied to per share information of fiscal 2003,
consistently, there was no impact.
SQUARE
(a) Accounting treatment of consumption tax
Income statement items are presented exclusive of consumption tax.
(b) Accounting standards of overseas subsidiaries
The accounts and records of overseas subsidiaries are maintained in
comformity with accounting principles and practices generally accepted
in their respective countries.
(c) Accounting standard for treasury stock and reversal of legal reserves
(Change in accounting policy)
Effective from the fiscal year ended March 31, 2003, SQUARE adopted
the Statement of Financial Accounting Standards No. 1 “Accounting
for Treasury Stock and Reversal of Capital and Legal Reserves” issued
by the Accounting Standards Board of Japan. There was no impact on
income from the adoption of this standard.
Effective from the fiscal year ended March 31, 2003, SQUARE adopted
the new Japanese regulation for the presentation of shareholders’ equi-
ty. The consolidated balance sheet and consolidated statement of
shareholders’ equity has been prepared in accordance with the new reg-
ulations.
(d) Per share information
(Change in accounting policy)
Effective from the fiscsal year ended March 31, 2003, SQUARE adopt-
ed the Statement of Financial Accounting Standards No. 2 “Financial
Accounting Standards for Earnings per Share” and the Financial
Accounting Standards Implementation Guidance No. 4
“Implementation Guidance for Accounting Standards for Earnings per
Share” issued by the Accounting Standards Board of Japan. The adop-
tion had no impact to the consolidated financial statements for the fiscal
year ended March 31, 2003.
Fiscal year under review (April 1, 2003 to March 31, 2004)
The Company
(a) Accounting treatment of consumption tax
Income statement items are presented exclusive of consumption tax.
(b) Accounting treatment of overseas subsidiaries
The accounts and records of overseas subsidiaries are maintained in
comformity with accounting principles and practices generally accepted
in their respective countries.
(c) —
(d) —