CONTENTS

COMPILATION DETAILS

Comparison With IAS 7

Accounting Standard

AASB 107 Statement of Cash Flows

Paragraphs

Objective

Application Aus1.1 – Aus1.7

Reduced Disclosure Requirements Aus1.8 – Aus1.9

Scope 1 – 3

Benefits of Cash Flow Information 4 – 5

Definitions 6

Cash and Cash Equivalents 7 – 9

Presentation of a Statement of Cash Flows 10 – 12

Operating Activities 13 – 15

Investing Activities 16

Financing Activities 17

Reporting Cash Flows from Operating Activities 18 – Aus20.2

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

Changes in Ownership Interests in Subsidiaries and Other Businesses 39 – 42B

Non-cash Transactions 43 – 44

Components of Cash and Cash Equivalents 45 – 47

Other Disclosures 48 – 52

Effective Date Aus54.1 – 58

ILLUSTRATIVE EXAMPLES:

A. Statement of Cash Flows for an Entity other than a Financial Institution Page 16

B. Statement of Cash Flows for a Financial Institution Page 21

DELETED IAS 7 TEXT Page 22

Australian Accounting Standard AASB 107 Statement of Cash Flows (as amended) is set out in paragraphs Aus1.1 – 58. All the paragraphs have equal authority. Terms defined in this Standard are in italics the first time they appear in the Standard. AASB 107 is to be read in the context of other Australian Accounting Standards, including AASB 1048 Interpretation of Standards, which identifies the Australian Accounting Interpretations. In the absence of explicit guidance, AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for selecting and applying accounting policies.