|
Commission Regulation
(EC) No 1725/2003 of 29. September
2003 amended by Regulation (EC) No 2238/2004
and Regulation (EC) No 1910/2005
Content |
|
- |
Cash Flow Statement
102. Cash flow
information provides users of financial statements with a
basis to assess the ability of the entity to generate cash and
cash equivalents and the needs of the entity to utilise those
cash flows. IAS 7 Cash Flow Statements sets out
requirements for the presentation of the cash flow statement
and related disclosures.
Notes
Structure
103. The notes shall:
(a) present
information about the basis of preparation of the
financial
statements and the specific accounting policies used
in
accordance with paragraphs 108-115;
(b) disclose the
information required by IFRSs that is not presented
on the face of the balance sheet, income statement,
statement
of changes in equity or cash flow statement; and
(c) provide
additional information that is not presented on the
face
of the balance sheet, income statement, statement of
changes
in equity or cash flow statement, but is relevant to an
understanding of any of them.
104. Notes shall, as
far as practicable, be presented in a systematic manner.
Each item on the face of the balance sheet, income statement,
statement of changes in equity and cash flow statement
shall be cross-referenced to any related information in
the notes.
105. Notes are
normally presented in the following order, which assists users
in understanding the financial statements and comparing them
with financial statements of other entities:
(a) a statement of
compliance with IFRSs (see paragraph 14);
(b) a summary of
significant accounting policies applied (see paragraph 108);
(c) supporting
information for items presented on the face of the balance
sheet, income statement, statement of changes in equity and
cash flow statement, in the order in which each statement and
each line item is presented; and
(d) other
disclosures, including:
(i) contingent
liabilities (see IAS 37) and unrecognised contractual
commitments; and
(ii) non-financial
disclosures, eg the entity’s financial risk management
objectives and policies (see IAS 32).
106. In some
circumstances, it may be necessary or desirable to vary the
ordering of specific items within the notes. For example,
information on changes in fair value recognised in profit or
loss may be combined with information on maturities of
financial instruments, although the former disclosures relate
to the income statement and the latter relate to the balance
sheet. Nevertheless, a systematic structure for the notes is
retained as far as practicable.
107. Notes providing
information about the basis of preparation of the financial
statements and specific accounting policies may be presented
as a separate component of the financial statements.
Previous |
Index |
Next
|
