IAS 7 Reporting cash flows on a net basis

Last Updated on 12/02/2020 by 75385885

IAS 7 Statement of cash flowsIAS 7 Reporting cash flows on a net basis

IAS 7 Reporting cash flows on a net basis

22 Cash flows arising from the following operating, investing or financing activities may be reported on a net basis:

  1. cash receipts and payments on behalf of customers when the cash flows reflect the activities of the customer rather than those of the entity; and
  2. cash receipts and payments for items in which the turnover is quick, the amounts are large, and the maturities are short.

23 Examples of cash receipts and payments referred to in paragraph 22(a) are:

  1. the acceptance and repayment of demand deposits of a bank;
  2. funds held for customers by an investment entity; and
  3. rents collected on behalf of, and paid over to, the owners of properties.

23A Examples of cash receipts and payments referred to in paragraph 22(b) are advances made for, and the repayment of:

  1. principal amounts relating to credit card customers;
  2. the purchase and sale of investments; and
  3. other short-term borrowings, for example, those which have a maturity period of three months or less.

24 Cash flows arising from each of the following activities of a financial institution may be reported on a net basis:

  1. cash receipts and payments for the acceptance and repayment of deposits with a fixed maturity date;
  2. the placement of deposits with and withdrawal of deposits from other financial institutions; and
  3. cash advances and loans made to customers and the repayment of those advances and loans.

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Source EU rules on financial information disclosed by companies

 

Last Updated on 12/02/2020 by 75385885

Excerpts from IFRS Standards come from the Official Journal of the European Union (© European Union, https://eur-lex.europa.eu). Individual jurisdictions around the world may require or permit the use of (locally authorised and/or amended) IFRS Standards for all or some publicly listed companies.  The information provided on this website is for general information and educational purposes only and should not be used as a substitute for professional advice. The specific status of IFRS Standards should be checked in each individual jurisdiction. Use at your own risk. Annualreporting is an independent website and it is not affiliated with, endorsed by, or in any other way associated with the IFRS Foundation. For official information concerning IFRS Standards, visit IFRS.org or the local representative in your jurisdiction.

IAS 7 Reporting cash flows on a net basis IAS 7 Reporting cash flows on a net basis IAS 7 Reporting cash flows on a net basis IAS 7 Reporting cash flows on a net basis IAS 7 Reporting cash flows on a net basis IAS 7 Reporting cash flows on a net basis IAS 7 Reporting cash flows on a net basis IAS 7 Reporting cash flows on a net basis IAS 7 Reporting cash flows on a net basis IAS 7 Reporting cash flows on a net basis

Cash flows arising from the following operating, investing or financing activities may be reported on a net basis: 1 cash receipts and payments on behalf of customers when the cash flows reflect the activities of the customer rather than those of the entity; and 2 cash receipts and payments for items in which the turnover is quick, the amounts are large, and the maturities are short Cash flows arising from the following operating, investing or financing activities may be reported on a net basis: 1 cash receipts and payments on behalf of customers when the cash flows reflect the activities of the customer rather than those of the entity; and 2 cash receipts and payments for items in which the turnover is quick, the amounts are large, and the maturities are short

Cash flows arising from the following operating, investing or financing activities may be reported on a net basis: 1 cash receipts and payments on behalf of customers when the cash flows reflect the activities of the customer rather than those of the entity; and 2 cash receipts and payments for items in which the turnover is quick, the amounts are large, and the maturities are short Cash flows arising from the following operating, investing or financing activities may be reported on a net basis: 1 cash receipts and payments on behalf of customers when the cash flows reflect the activities of the customer rather than those of the entity; and 2 cash receipts and payments for items in which the turnover is quick, the amounts are large, and the maturities are short

Cash flows arising from the following operating, investing or financing activities may be reported on a net basis: 1 cash receipts and payments on behalf of customers when the cash flows reflect the activities of the customer rather than those of the entity; and 2 cash receipts and payments for items in which the turnover is quick, the amounts are large, and the maturities are short