International Accounting Standard (IAS) 7 (Revised 2005) «Cash flow statements»

Contents

paragraphs

INTERNATIONAL ACCOUNTING STANDARD 7 CASH FLOW STATEMENTS

OBJECTIVE

SCOPE

1-3

BENEFITS OF CASH FLOW INFORMATION

4-5

DEFINITIONS

6-9

Cash and cash equivalents

7-9

PRESENTATION OF A CASH FLOW STATEMENT

10-17

Operating activities

13-15

Investing activities

16

Financing activities

17

REPORTING CASH FLOWS FROM OPERATING ACTIVITIES

18-20

REPORTING CASH FLOWS FROM INVESTING AND FINANCING ACTIVITIES

21

REPORTING CASH FLOWS ON A NET BASIS

22-24

FOREIGN CURRENCY CASH FLOWS

25-28

INTEREST AND DIVIDENDS

31-34

TAXES ON INCOME

35-36

INVESTMENTS IN SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES

37-38

ACQUISITIONS AND DISPOSALS OF SUBSIDIARIES AND OTHER BUSINESS UNITS

39-42

NON-CASH TRANSACTIONS

43-44

COMPONENTS OF CASH AND CASH EQUIVALENTS

45-47

OTHER DISCLOSURES

48-52

EFFECTIVE DATE

53

APPENDICES

A   Cash flow statement for an entity other than a financial institution

B   Cash flow statement for a financial institution

International Accounting Standard 7 Cash Flow Statements (IAS 7) is set out in paragraphs 1-53.   All the paragraphs have equal authority but retain the IASC format of the Standard when it was adopted by the IASB. IAS 7 should be read in the context of its objective, the Preface to International Financial Reporting Standards and the Framework for the Preparation and Presentation of Financial Statements. IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for selecting and applying accounting policies in the absence of explicit guidance.