Document ID: chunk:federal_register_of_legislation:F2024L00708:body:0:p98
Version: federal_register_of_legislation:F2024L00708
Segment Type: other
Provision Reference: 
Character Range: 262223–266096

paragraphs 33 and 34. An entity shall apply those amendments when it applies AASB 18.

The illustrative examples accompanying AASB 107 are amended. In the first illustrative example (A – Statement of cash flows for an entity other than a financial institution), the title, paragraphs 1 and 3, the Consolidated statement of comprehensive income for the period ended 20X2, the Consolidated statement of financial position as at end of 20X2, the Direct method statement of cash flows, the Indirect method statement of cash flows, the Notes to the statement of cash flows (direct method and indirect method) (particularly, A. Obtaining control of subsidiary, D. Segment information, E. Reconciliation of liabilities arising from financing activities) and Alternative presentation (indirect method) are amended. In the second illustrative example (B – Statement of cash flows for a financial institution), the title, paragraph 1 and the Direct method statement of cash flows are amended. In the third illustrative example (C – Reconciliation of liabilities arising from financing activities), paragraph 2 is amended. New text is underlined and deleted text is struck through.

Illustrative examples
 ...

A Statement of cash flows for an entity that does not invest in assets or provide financing to customers as a main business activityother than a financial institution
1 The examples show only current period amounts. Comparative information Corresponding amounts for the preceding period is are required to be presented in accordance with AASB 101 Presentation of Financial StatementsAASB 18 Presentation and Disclosure in Financial Statements.
 ...
3 The following additional information is also relevant for the preparation of the statements of cash flows:
• all of the shares of a subsidiary were acquired for 590. The fair values of assets acquired and liabilities assumed were as follows:

   Inventories                           100
   Trade and other Accounts receivables  100
   Cash                                  40
   Property, plant and equipment         650
   Trade payables                        100
   Long-term debt                        200

...
• during the period, the group acquired property, plant and equipment and right‑of‑use assets relating to property, plant and equipment with an aggregate cost of 1,250, of which 900 related to right‑of‑use assets. Cash payments of 350 were made to purchase property, plant and equipment.
• depreciation on property, plant and equipment and amortisation of intangible assets for the period amounted to 350 and 100 respectively.
• plant with original cost of 80 and accumulated depreciation of 60 was sold for 20.
• trade and other accounts receivables as at the end of 20X2 include 100 of interest receivable.

Consolidated statement of comprehensive income for the period ended 20X2(a)
Sales                                                                                                   30,650
Cost of sales                                                                                           (26,450)
                                                                                                        (26,000)
Gross profit                                                                                            4,200
                                                                                                        4,650
Depreciation                                                                                            (450)
Selling Administrative and selling expenses                                                             (600)(910)
General and administrative expenses                                                                     (310)
Operating profit                                                                                        3,290
Share of profit