18. Group Accounts: Consolidated Statement Of Cash Flows

Question 1

Cash Flows: 3 headings

Answer 1

1. Operating
2. Investing
3. Financing

Question 2

Cash Flows: How are leases treated?

Answer 2

1. Interest payments -> Operating
2. Capital repayments -> Financing

Question 3

Cash Flows: ROU assets: Treatment

Answer 3

Separated
(When working out cash purchase amount of PPE)

Question 4

Cash Flows: Group CF: 3 potential extra elements

Answer 4

1. Cash div paid by S to NCI
2. Divs received from associates
3. Impact of acq/disp of subs

Question 5

Cash Flows: Treatment: Divs paid to NCIs

Answer 5

Disclosed separately
(Usually under financing)

Question 6

Cash Flows: NCI: Calculation

Answer 6

B/f

PLUS

NCI% of other comprehensive income
(From CSPLOCI)

PLUS

NCI added on acq of sub

MINUS

NCI elim on disposal of sub

MINUS

c/f

(=dividend paid to NCI)

Question 7

Cash Flows: Associate’s profit treatment

Answer 7

Group share of A’s profit is deducted (operations)

Question 8

Cash Flows: Associate’s profit treatment: Using direct method

Answer 8

None needed

Question 9

Cash Flows: dividends received from associate treatment

Answer 9

Separate item
(Usually under investing)

Question 10

Cash Flows: Investment in associate: Calculation

Answer 10

b/f

PLUS

Share of profit of A (SCPL)

PLUS

Share of OCI of A (SCPL)

MINUS

c/f

Question 11

Cash Flows: Acq/disp of subs: Treatment

Answer 11

Reported separately
(Under investing)

Net cash
(i.e. less any cash held by sub)