Square Enix 2011 Annual Report Download - page 42

New Accounting Standards
■ Year ended March 31, 2010
(Application of Partial Amendments to Accounting Standard for
Retirement Benefits (Part 3))
Effective from this fiscal year, the Company has applied “Partial
Amendments to Accounting Standard for Retirement Benefits (Part 3),”
(ASBJ Statement No. 19, July 31, 2008).
This change had no material impact on operating income, recurring
income or income before income taxes and minority interests.
No retirement benefit obligation difference was recognized as a
result of the application of this accounting standard.
■ Year ended March 31, 2011
(Application of Accounting Standard for Asset Retirement
Obligations)
From the fiscal year ended March 31, 2011, the Company applies
“Accounting Standard for Asset Retirement Obligations” ASBJ Statement
No. 18, issued March 31, 2008) and “Guidance on Accounting Standards
for Asset Retirement Obligations” (ASBJ Guidance No. 21, March 31,
2008).
Consequently, operating income and recurring income decreased
by ¥165 million, respectively, and loss before income taxes increased
by ¥627 million.
(Application of Accounting Standard for Equity Method of
Accounting for Investments and Practical Solution on
Unification of Accounting Policies Applied to Associates
Accounted for Using the Equity Method)
From the fiscal year ended March 31, 2011, the Company applies
“Accounting Standard for Equity Method of Accounting for Investments”
(ASBJ Statement No. 16, issued March 10, 2008), and “Practical
Solution on Unification of Accounting Policies Applied to Associates
Accounted for Using the Equity Method” (ASBJ Practical Issues Task
Force No. 24, issued March 10, 2008).
This change had no impact on operating income, recurring income
or loss before income taxes and minority interests.
Reclassifications
■ Year ended March 31, 2010
(Consolidated Balance Sheets)
Until the fiscal year ended March 31, 2009, “income taxes receivable”
was presented as part of “other” within current assets. From the fiscal
year ended March 31, 2010, “income taxes receivable” is presented as
a separate item as a result of an increase in materiality.
In the fiscal year ended March 31, 2009, “income taxes
receivable” amounted to ¥1,422 million.
(Consolidated Statements of Income)
Until the fiscal year ended March 31, 2009, “gain on sale of property
and equipment” was presented as part of “other” within extraordinary
gain. From the fiscal year ended March 31, 2010, “gain on sale of
property and equipment” is presented as a separate item due to
composition exceeding 10 percent of total extraordinary gain.
In the fiscal year ended March 31, 2009, “gain on sale of property
and equipment” amounted to ¥4 million.
■ Year ended March 31, 2011
(Consolidated Balance Sheets)
Listed separately until the fiscal year ended March 31, 2010, “Long-
term loans” was ¥12 million in the fiscal year ended March 31, 2011,
less than five percent of total assets, and due to diminished materiality
is now presented as part of “Other” within “Investments and other
assets.”
Listed separately until the fiscal year ended March 31, 2010,
“Construction Cooperation Fund” was ¥880 million in the fiscal year
ended March 31, 2011, less than five percent of total assets, and due
to diminished materiality is now presented as part of “Other” within
“Investments and other assets.”
Listed separately until the fiscal year ended March 31, 2010,
“Claims in bankruptcy” was ¥178 million in the fiscal year ended March
31, 2011, less than five percent of total assets, and due to diminished
materiality is now presented as part of “Other” within “Investments and
other assets.”
Listed separately until the fiscal year ended March 31, 2010,
“Other accounts payable” was ¥3,348 million in the fiscal year ended
March 31, 2011, less than five percent of combined liabilities and net
assets, and due to diminished materiality is now presented as part of
“Other” within “Current liabilities.”
Listed separately until the fiscal year ended March 31, 2010,
“Accrued expenses” was ¥4,802 million in the fiscal year ended March
31, 2011, less than five percent of combined liabilities and net assets,
and due to diminished materiality is now presented as part of “Other”
within “Current liabilities.”
Listed separately until the fiscal year ended March 31, 2010,
“Accrued consumption taxes” was ¥180 million in the fiscal year ended
March 31, 2011, less than five percent of combined liabilities and net
assets, and due to diminished materiality is now presented as part of
“Other” within “Current liabilities.”
Listed separately until the fiscal year ended March 31, 2010,
“Advance payments received” was ¥3,672 million in the fiscal year
ended March 31, 2011, less than five percent of combined liabilities
and net assets, and due to diminished materiality is now presented as
part of “Other” within “Current liabilities.”
Listed separately until the fiscal year ended March 31, 2010,
“Deposits received” was ¥407 million in the fiscal year ended March
31, 2011, less than five percent of combined liabilities and net assets,
and due to diminished materiality is now presented as part of “Other”
within “Current liabilities.”
(Consolidated Statements of Income)
From the fiscal year ended March 31, 2011, the Company applies
“Regulation for Terminology, Forms and Presentation of Financial
Notes to Consolidated Financial Statements (JPNGAAP)
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