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Service concession arrangements – IFRIC 12, IFRIC 12, service concession arrangements and related accounting policies, IFRIC 12, service concession arrangements disclosures, IFRIC 12, concessions, policy and disclosures and effect of IFRIC July 2016 clarification, IFRIC 12, policy and significant judgements and estimates for service concessions, intangibles, disclosures, SIC 29, details of service concession arrangements, IFRS 2 para 51(b), disclosures for cash settled share based payment, IFRS 2 paras 44-52, cash settled share based payment disclosures, IFRS 2 paras 44-47, disclosures for equity settled share based payments, IFRS 2 paras 33A-33D, change of policy to take account of vesting conditions, other than market based, in measurement of liability, IFRS 2 paras 33E-33H, change of policy for net settlement feature for withholding tax obligations, IFRS 2 paras 33E-33F, net settlement feature relating to tax payable treated as equity settled, IFRS 1, US GAAP to IFRS transitional disclosures, IFRS 1 first time adoption, transition from US GAAP to IFRS, Transition from Japanese GAAP to IFRS, adoption of IFRS 9 and IFRS 15, policies, IFRS 1, transition from Japanese GAAP to IFRS, Transition from Japanese GAAP to IFRS disclosures, IFRS 1, transition from Japanese GAAP to IFRS disclosures, Transition from US GAAP to IFRS, half year and quarterly results, Transition from US GAAP to IFRS, half year results, Malaysia, transition to IFRS (and adoption of IFRS 15), IFRS 1, transition from US GAAP to IFRS disclosures. Interaction with IAS 1 6 4. ‘Cash equivalents’: –Short-term, highly liquid investments that are readily. convertible to known amounts of cash and which are. Disclosure of the amount of restricted cash and the nature of the restrictions. The IFRS Interpretations Committee has previously considered a number of relevant issues that have been submitted by stakeholders. AASB 107 and IAS 7 . IAS 7 Statement of cash flows and amendment (effective 2017) include operating, investing & financing cash flow reporting in IFRS financial statements Money market funds and restricted cash have been discussed in … IFRS 15, policies, legal services, personal injury claims, judgements and estimates, disaggregated information. cash are included in the scope of IFRS 7. The statement of cash flows is a primaryfinancial statement. [IAS 7.39] The aggregate cash paid or received as consideration should be reported net of cash and cash equivalents acquired or disposed of [IAS 7.42], cash flows from investing and financing activities should be reported gross by major class of cash receipts and major class of cash payments except for the following cases, which may be reported on a net basis: [IAS 7.22-24], cash receipts and payments on behalf of customers (for example, receipt and repayment of demand deposits by banks, and receipts collected on behalf of and paid over to the owner of a property), cash receipts and payments for items in which the turnover is quick, the amounts are large, and the maturities are short, generally less than three months (for example, charges and collections from credit card customers, and purchase and sale of investments), cash receipts and payments relating to deposits by financial institutions, cash advances and loans made to customers and repayments thereof, investing and financing transactions which do not require the use of cash should be excluded from the statement of cash flows, but they should be separately disclosed elsewhere in the financial statements [IAS 7.43], entities shall provide disclosures that enable users of financial statements to evaluate changes in liabilities arising from financing activities [IAS 7.44A-44E]*, the components of cash and cash equivalents should be disclosed, and a reconciliation presented to amounts reported in the statement of financial position [IAS 7.45], the amount of cash and cash equivalents held by the entity that is not available for use by the group should be disclosed, together with a commentary by management [IAS 7.48]. IFRS 15, certain disclosures from paras 110-129. Reader Interactions. IAS 33 para 64, adjustment of prior year EPS for reverse share split in the period. This important webinar will cover not only the CFS for standalone entities, but also group CFS, and will answer questions you might have about the treatment of bank overdrafts, and restricted cash balances like Escro accounts. IAS 1 para 81A, single statement of comprehensive income, OCI including share of associates. IAS 7 is an old standard—it was originally issued in 1992—and it would be surprising if improvements cannot be identified from the perspective of 2016. Equity and liabilities 92. Q1: What is the principle in IAS 7 for the classification of cash flows? Please read, International Financial Reporting Standards, IAS 1 — Presentation of Financial Statements, IAS 8 — Accounting Policies, Changes in Accounting Estimates and Errors, IAS 10 — Events After the Reporting Period, IAS 15 — Information Reflecting the Effects of Changing Prices (Withdrawn), IAS 19 — Employee Benefits (1998) (superseded), IAS 20 — Accounting for Government Grants and Disclosure of Government Assistance, IAS 21 — The Effects of Changes in Foreign Exchange Rates, IAS 22 — Business Combinations (Superseded), IAS 26 — Accounting and Reporting by Retirement Benefit Plans, IAS 27 — Separate Financial Statements (2011), IAS 27 — Consolidated and Separate Financial Statements (2008), IAS 28 — Investments in Associates and Joint Ventures (2011), IAS 28 — Investments in Associates (2003), IAS 29 — Financial Reporting in Hyperinflationary Economies, IAS 30 — Disclosures in the Financial Statements of Banks and Similar Financial Institutions, IAS 32 — Financial Instruments: Presentation, IAS 35 — Discontinuing Operations (Superseded), IAS 37 — Provisions, Contingent Liabilities and Contingent Assets, IAS 39 — Financial Instruments: Recognition and Measurement, Disclosure initiative – Principles of disclosure, Disclosure initiative — Principles of disclosure, Model financial statements and checklists, We comment on seven IFRS Interpretations Committee tentative agenda decisions, ESMA publishes 23rd enforcement decisions report, IASB member discusses disclosures about changes in financing liabilities, We comment on three IFRS Interpretations Committee tentative agenda decisions, ESMA publishes 22nd enforcement decisions report, European Union formally adopts IFRS 16 as well as several amendments to IFRSs, Deloitte comment letter on tentative agenda decision on IAS 7 — Disclosure of changes in liabilities arising from financing activities, Deloitte comment letter on tentative agenda decision on IAS 7 — Classification of short-term loans and credit facilities, EFRAG endorsement status report 9 November 2017, EFRAG endorsement status report 6 July 2017, Effective date of the April 2009 revisions to IAS 7, Effective date of the January 2016 revisions to IAS 7, interest and dividends received and paid may be classified as operating, investing, or financing cash flows, provided that they are classified consistently from period to period [IAS 7.31], cash flows arising from taxes on income are normally classified as operating, unless they can be specifically identified with financing or investing activities [IAS 7.35], for operating cash flows, the direct method of presentation is encouraged, but the indirect method is acceptable [IAS 7.18], the exchange rate used for translation of transactions denominated in a foreign currency should be the rate in effect at the date of the cash flows [IAS 7.25], cash flows of foreign subsidiaries should be translated at the exchange rates prevailing when the cash flows took place [IAS 7.26], as regards the cash flows of associates, joint ventures, and subsidiaries, where the equity or cost method is used, the statement of cash flows should report only cash flows between the investor and the investee; where proportionate consolidation is used, the cash flow statement should include the venturer's share of the cash flows of the investee [IAS 7.37], aggregate cash flows relating to acquisitions and disposals of subsidiaries and other business units should be presented separately and classified as investing activities, with specified additional disclosures. Otherwise it sits on your statement of financial position ….basically forever! Objective. The term ‘client money’ is used to describe a variety of arrangements in which the reporting entity holds funds on behalf of clients. (5 Marks) C. IAS 7.25 Requires Cash Flows Arising From Transactions In A Foreign Currency To Be Recorded At The Exchange Rate Between An Entity's Functional Currency And The Foreign Currency At The Date Of The Cash Flow. In such cases, they cannot be lifted or withdrawn by the co. for use. Oil company, Contingent liability, UK SFO investigation, risks and uncertainties, viability statement assumption, IAS 37, decommissioning provision disclosure, estimates and judgements, Provision in respect of cyber attack and contingent liability, risks and uncertainties, IAS 37 para 86, contingent liability in respect of cyber attack, disclosure as principal risk, Contingent liability for lease guarantees on businesses disposed of, IFRIC 5, rehabilitation trust and obligations disclosures, IAS 37, paras 84, 86,88, provisions, asbestos related and other claims and link to contingent liability, judgements, sensitivities, IAS 24 paras 13, 18, disclosure of parent company, ultimate controlling party , transactions and balances with related parties, IAS 24, para 17, disclosure of key management personnel compensation, IAS 24 para 13, parent and controlling parties, and UK SI 2008/410 Sch 4 para 8 disclosures, IAS 24 para 18, transactions, balances, commitments and guarantees with associates and joint ventures, IFRS 15, policies, judgements and estimates, claims, modifications, bid costs, construction and services contracts, IFRS 15, policies, para 35(c), no alternative use, enforceable right to payment for performance to date, construction, software, IFRS 15 adopted, modified retrospective method, construction contracts, policies, judgements, contract assets and liabilities, IFRS 15 adopted, policies, no alternative use, paras 110-129 certain disclosures, IFRS 15, telecoms, policies, paras 110-129 certain disclosures, IFRS 15 adopted, policies, judgements, paras 110-128 certain disclosures, telcoms, IFRS 15, revenue recognition, shipping, voyages, agent and principal, IFRS 15, revenue policies, judgements, estimates, paras 110-122 certain disclosures, telecoms, IFRS 15, policies, judgements and estimates, contract assets and liabilities, financing, bill and hold, contracting, certain disclosures, IFRS 15, policies, judgements, paras 110-128 certain disclosures, construction, support services, IFRS 15 adopted, revenue policies including lump sum royalties, returns, warranties, IFRS 15, policies, judgements and estimates, contract assets and liabilities, paras 110-129 certain disclosures, contracting, IFRS 15, revenue policies, sales with buyback options, paras B70-B76, provisions, contingencies, automotive, IFRS 15, paras 114-115, B87-B89, disaggregation of revenue, IFRS 15 adopted, aerospace, policies, programme participation costs, IFRS 15, revenue policies, certain disclosures paras 110-128, telecoms, IFRS 15, change of policy following IFRS Interpretations Committee clarification on compensation payments, airline, IFRS 15, revenue policies, estimates, buy-back commitments, incentives, automotive, IFRS 15 adopted, paras B28-33 warranties, assurance-types and service-types, IFRS 15 adopted, hotels, agency and principal, policies, paras 110-122 certain disclosures, IFRS 15, revenue policies, judgements, contract assets and liabilities, software, Revenue recognition policies, general and by segment, mining, energy, chemicals, exchanges, IFRS 15, revenue recognition policy, performance obligations, lift supply and installation, maintenance, IFRS 15, policies, judgements, certain disclosures, telecoms, IFRS 15 adopted, excise taxes, listing fee, market support, IFRS 15, policies and certain disclosures, green energy, windpower, IFRS 15, modified retrospective method, contracting, policies, paras 110-122, contract assets and liabilities, certain disclosures, IFRS 15, policies, judgements and estimates, contracts, aircraft manufacturer. IAS 34 para 15B(b), impairment in the period, VIU basis, sensitivity, half-year report. Restricted cash is a commonly used term when referring to cash and cash equivalent balances with some restrictions on their use. hyphenated at the specified hyphenation points. Disclosures required under IAS 7 include: A reconciliation of the ending cash balance to the statement of financial position headings. Statement of Cash Flows IAS 7 - ICPAK. There are very restricted uses of the share premium account so you may as well use it if it’s available. Findings from this thematic Our findings for this thematic were generally consistent with our annual routine reviews. APPENDIX: Comparison with International Accounting Standards APPENDIX A: Statement of cash flows for an entity other than a financial institution APPENDIX B: Statement of cash flows for a financial institution APPENDIX C: Reconciliation of liabilities arising from financing activities BASIS FOR CONCLUSIONS DISSENTING OPINION Hong Kong Accounting Standard 7 Statement of Cash Flows (HKAS 7… Further, IAS 7 requires all entities to present a Statement of Cash Flows – with no exceptions (IAS 7.3). IAS. 3 International Accounting Standards Board. When the performance period is completed and the right to receive cash by the investment manager is established, the performance fee payable is a financial liability in the scope of IAS 39, ‘Financial instruments: Recognition and measurement’, and should be included in the IFRS 7 disclosures. Thanks for this relevant blog. Hi John. Nature of restricted cash Restricted cash is cash not available for immediate use. definition of cash equivalents under IAS 7? IAS 18 & IAS 11. Restricted cash is to be classified as current or non-current, in accordance with the guidance included in ASC 210-10-45-4: It is one of the integral parts of the financial statements that show the inflow & outflow of cash from & to the other parties. Cash and cash equivalents 75 20. AASB 107 Statement of Cash Flows as amended incorporates IAS 7 Statement of Cash Flows as issued and amended by the International Accounting Standards Board (IASB). Disclosure Initiative Amendments to IAS 7 - IFRS. IAS 7 Statement of Cash Flows Introduction Applying AASB 7 / IAS 7 Statement of Cash Flows gives rise to a number of interpretive and application issues. 19. IFRS 16 adopted, modified retrospective method, covenants, sub-leases, judgements, effect of transition, segmental, APMs, IFRS 16 adopted, modified retrospective, policies, judgements, estimates, transition and certain lessor disclosures, IFRS 16 adopted, modified retrospective, policies including sale and leaseback, lessee and lessor disclosures, IFRS 16, policies, maintenance provisions for leased aircraft, certain disclosures, adoption of amendment ‘COVID-19 related rent concessions’, Climate change disclosures, principal risks, sustainability and climate change, mitigation, UK Strategic Report, Climate change disclosures (extracts only), risks, TCFD, UK directors’ report, disclosure of greenhouse gas emissions, climate change disclosures, Climate change disclosures, targets, technology and innovations, steel, Climate change, principal risks, environmental disclosures, airline, Climate change disclosures, strategy, risks, targets, continuing implementation of TCFD recommendations, Management report, climate change, TCFD disclosures, CDP, management report, climate change, including TCFD disclosures, water utility, UK Listing Rule 9.8.4R (14), statement of compliance with relationship agreement with controlling shareholder, UK reporting, responsibility statements under DTR 4.1.12R and fair, balanced and understandable statement under UK Code, UK strategic report, CA 2006 s414C para 8(c), diversity disclosures, UK directors’ report, disclosure of significant shareholdings, FCA listing rule 9.8.4C R, table showing where listing rule 9.8.4R disclosures are contained, UK CA2006, s418, statement by directors of disclosure to auditors, UK directors’ report, disclosure of political donations and expenditure, UK directors’ report, CA 2006 s236, disclosure of qualifying third party indemnities for directors, UK directors’ report, activities in the field of research and development, UK strategic report and non-financial information statement, CA Section 414C, 414CB, human rights disclosures, Modern Slavery Act, Human rights disclosure, policies, priorities, community engagement, Anti-corruption and anti-bribery matters, human rights, disclosures, Gender pay gap, disclosure included in management report, colleagues and culture, Business model and strategy, UK strategic report, s414C para 8 (extracts only), Anti-corruption and anti-bribery matters, UK CA 2006, S414CB(1)(e), Anti-bribery and anti-corruption policies and procedures, UK directors’ report, UK Directors’ report, employment of disabled persons and employee involvement, SI 2008/410 Sch 7, UK Directors’ report, disclosure of Takeover Directive information, SI 2008/410 Sch. 1. If you have found OpenTuition useful, please donate. 26.al and reserves Capit 92 27.al management Capit 96 IAS 7 states that “Cash balances and cash equivalent s held by a subsidiar y working in a country havi ng exchange control or other legal restrictions are in cluded in cash and cash equivalents. IAS 7 - Statement of Cash Flows (detailed review) Thursday, March 6, 2014 Print Email. Equity ‑accounted investees 88 25. IAS 19, increase in pensions liabilities following High Court judgement regarding equalisation of benefits between men and women, IAS 19, increase in pension liabilities following High Court ruling on equalisation of benefits between men and women, IAS 19 para 99 (revised) adopted, updated actuarial assumptions used following plan amendment, Financial instruments – IFRS 9, IFRS 7, IAS 32, IFRS 9 para 2.5, fair value through profit or loss option adopted for own use contracts to eliminate accounting mismatch, IFRS 9, IFRS 7 paras 23A -24F, fair value and cash flow hedge disclosures, IFRS 9 para B 6.6.15, separate presentation of amounts reclassified from OCI when cash flow hedging net offsetting amounts, IFRS 9, IFRS 7 paras 22A – 22C and 40-41, risks and risk management, VaR, commodity, interest, fx, risks, IFRS 9, hedging policies and IFRS 7 paras 21-24G certain hedge accounting disclosures, IFRS 9 para 6.5.11 (d) (i), gains or losses on cash flow hedges transferred from equity direct to non-financial assets and liabilities and not shown in OCI as reclassifications, IFRS 9 para 5.5.15, simplified approach for impairment of trade receivables and contract assets, IFRS 7 paras 35A-35N, certain disclosures, IFRS 9 para 5.5.15, simplified approach for impairment of trade receivables, IFRS 7 paras 35A-N, certain disclosures, IFRS 9 adopted, policies, paras 4.1.2A, 5.7.10, debt at FVTOCI, paras 5.7.5, B5.7.1 equity investments designated at FVTOCI, IFRS 9, accounting mini-series, hedge accounting under IFRS 9, IFRS 9, accounting mini-series, expected credit loss provisioning under IFRS 9, IAS 32 para AG 26, hybrid bonds treated as equity, terms and conditions, IFRS 9, policy for financial instruments, hedging, impairment, equity investment (other than trading) gains and losses in OCI, IFRS 9 policy for financial assets, election to take gains and losses on equity investments to OCI and not recycled, IFRS 7 paras 42A-42H, continuing involvement in derecognized financial assets, certain disclosures, IFRS 9 paras 5.5.1, 5.5.2, 5.7.11, IE example 13, impairment of debt instruments at FVTOCI, IFRS 9, IFRS 7 paras 21-24G, derivatives policies and certain hedge accounting disclosures, costs, IFRS 9 adopted, IFRS 7 paras 21A-24G hedging disclosures and policies, IFRS 7 paras 35F-35N, certain disclosures on credit risk, para 5.1.15, IFRS 9, financial instruments policies, IFRS 7 para 34, concentration of credit risk, automotive customers, IFRS 7 paras 33-38, certain credit risk disclosures, impairment policy, simplified method for trade receivables, IFRS 7 paras 20, 21A-24F, certain disclosures, income statement, hedge fair values and gains and losses on hedges, IFRS 7 para 34(c), disclosure of concentration of credit risk, IFRS 9, credit risk, certain IFRS 7 paras 35A-N disclosures, simplified approach for trade receivables, IFRS 9 para 5.5.15 simplified approach for trade receivables and contract assets, disclosures for receivables and contract assets and liabilities, IFRS 9, simplified approach for trade receivables, policy, judgements and estimates and disclosures including credit risk, IFRS 7 paras 31-34, 39-40, liquidity, maturity analysis, fx and interest risk, sensitivities, IFRS 9, accounting policies, financial instruments, cash flow hedging, IFRS 13 para 93, level 3, fair value hierarchy, unobservable inputs and sensitivity, IFRS 7 paras 33-38, certain credit risk disclosures, impairment policy, lease and trade receivables and contract assets simplified method, IFRS 7 paras 13A – 13F, disclosures in respect of offsetting of financial instruments, IFRS 7 paras 42A-42H, disclosure for transfers of financial assets that have not been derecognised, IFRS 9, IFRS 7 credit risk, para 35G inputs and assumptions for lifetime ECL, receivables by geography and age, IFRS 7 paras 42A-42D, disclosure in respect of transferred assets retained on balance sheet, IFRS 9, IFRS 7 simplified method for receivables and contract assets disclosures, IFRS 9 para 6.5.12(b), reclassification of amounts to profit and loss when hedged future cash flows no longer expected to occur, IFRS 7 paras 39, B11-B11F, liquidity risk, undiscounted maturity analysis of financial liabilities, IFRS 9, change of policy for value hedges of non-financial assets following IFRIC September 2019 agenda decision, IAS 32 para 23, liability for irrevocable and non-discretionary buy back of own shares, Valuation methodology – investment trust, venture capital investments, IFRS 13 para 93 disclosures, Financial instruments – IAS 39, IFRS 7, IAS 32, IFRS 7 para 31, disclosure of potential effects on liquidity of supplier financing and receivables factoring, IAS 32, change in offsetting and cash pooling arrangements presentation following IFRIC agenda decision, IFRIC 19, debt for equity swap, gain in income statement, transfer to share premium under UK Companies Act of difference between fair value of shares issued and face value of debt, IAS 39 paras 40-41, AG 62, refinancing, substantial modification, extinguishment of old and recognition of new liability, IAS 39 paras 40-41, AG 62, gain on extinguishment of debt and recognition of new financial liability, IAS 21, para 52 (a), disclosure of exchange differences recognised in profit or loss, IAS 21, disclosure of effect of Argentinian peso devaluation, IAS 21, hyperinflation, synthetic rate used for translation of Venezuela subsidiary and Argentina hyperinflation, significant judgement, Venezuela, exchange rates, hyperinflation, deconsolidation of subsidiary following loss of control; Argentina, Hyperinflation policy and disclosure, Syria, Sudan and South Sudan, IAS 21 para 57, disclosure for convenience translation, IAS 21 paras 35, 54, change of functional currency, and change of presentation currency, IAS 21, change of presentation currency, equity translated at historical rates, IAS 1 para 10(f), third balance sheet, IAS 21, IAS 8 para 29, change of presentation currency, euro to US dollars, IAS 1 para 10(f), third balance sheet, IAS 21 para 53, presentation currency different from functional currency and reasons, IFRIC 22, foreign currency and advance consideration, disclosure of effect of adoption, Argentina accounted for as hyperinflationary economy, Argentina treated as hyperinflationary economy, Translation of Venezuelan operations, rate based on management’s estimate considering forecast inflation and most appropriate official exchange rate, Half year report, discussion of impact of Brexit, exchange rate, consumer confidence, IAS 34, para 16A (i), disclosures in respect of business combination in the period, Half year report, UK DTR 4.2.7R, principal risks updated for COVID – 19, summary and cross reference to annual report, Half year report, IAS 34 para 15B (m), changes in contingent liabilities, Half year report, IAS 34 para 15B (b), recognition of impairment loss in the period. 3 International Accounting Standards Board. March 7, 2010. IFRS at a Glance has been compiled to assist in gaining a high level overview of International Financial Reporting Standards (IFRSs), including International Accounting Standards and Interpretations. IAS 34 para 15B(b), impairment and reversal in the period, VIU and fvlcd, assumptions, oil and gas, UK CA s435, statement on publication of non-statutory accounts in half year report, UK DTR 4.2.10R, responsibility statement in half year report, Half year report, IAS 34 para 16A (a), change of accounting policy to adopt IFRS 16, modified retrospective approach, Half year report, IAS 34 para 16A (g)(l), segmental disclosures, including assets and liabilities, IFRS 15 disaggregated information, Half year report IAS 34 para 16A (j), information on financial instruments, fair values, IFRS 9 adopted, Half year report, IAS 34 para 16A(b), explanatory comments on seasonality, Half year report, going concern uncertainty, emphasis in audit review report, Half year report, going concern uncertainty, emphasis in audit review report, covenants, IAS 34 para 15B (g), disclosure of accounting misstatement, restatement of prior periods, IAS 34 para 16A (a), change of accounting policy, agriculture, bearer plants, IAS 34 para 16A (b), seasonality, agriculture, IFRS 15 adopted, half year report, fully retrospective basis, policy, aftermarket contracts, variable consideration, contract assets, IAS 34 para 16A (c), exceptional item, provision in respect of historical lease structures, Half year report, IFRS 9 adopted, impairment, hedging, classification changes, IAS 34 para 16A (i), certain acquisition disclosures, share consideration, Quarterly report, IFRS 15 adopted, modified retrospective method adopted, effect on current period, IFRS 16 adopted, modified retrospective method, policies, judgements, certain disclosures, half year report, shipping. judgements, changes to APMs, full retrospective method, retail, IFRS 16 adopted modified retrospective approach, policies, mining, IFRS 16 fully retrospective adoption, practical expedient (grandfathering) in para C3 applied, policies, judgements, IFRS 16, paras 89-97, lessor disclosures finance and operating leases, IFRS 16 adopted, fully retrospective, policy, paras 52-60, certain disclosures, IFRS 16, policies, judgements and estimates, property company, exemption in para 56 taken for investment property, IFRS 16 adopted, modified retrospective, policies, disclosures, restoration and maintenance, airline, IFRS 16 adopted, modified retrospective, joint operations, lease and non-lease components, certain disclosures, oil industry, IFRS 16 adopted modified retrospective method, policies, judgement, IFRS 16 adopted, modified retrospective method, policies, paras 53-59 lessee disclosures, IFRS 16 adopted, modified retrospective method, policies, judgements, transitional disclosures, IFRS 16 adopted, fully retrospective, leased aircraft, policies, maintenance, airline, IFRS 16, adopted, transition disclosure, modified retrospective method, policies, judgements and estimates, IFRS 16 adopted, modified retrospective approach, para C12 transitional disclosures, policies, certain disclosures, IFRS 16 adopted, fully retrospective, policies, judgements and estimates, certain lessee disclosures. It requires reporting cash flows from operating activities either by direct or indirect method. Cash and cash equivalents comprise cash on hand and demand deposits, together with short-term, highly liquid investments that are readily convertible to a known amount of cash, and that are subject to an insignificant risk of changes in value. Vodafone Group Plc – Annual report – 31 March 2020. However, to denote the fact that restricted cash is not available for use, the row of the balance sheet that contains it includes the term "restricted cash" and a … Objective. Comments. Restricted cash is to be classified as current or non-current, in accordance with the guidance included in ASC 210-10-45-4: Items of other comprehensive income ( amendments to IAS 1 and IAS )... Modified retrospective method, policies, legal services, personal injury claims, judgements and estimates disaggregated. 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