Document ID: chunk:federal_register_of_legislation:F2025C00209:reg:221:p9
Version: federal_register_of_legislation:F2025C00209
Segment Type: reg
Provision Reference: reg 221 (pt 9/73)
Character Range: 181179–184078

or loss' and of 'other comprehensive income'.

Statement of Cash Flows

Cash comprises cash on hand and demand deposits.
Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.
Cash flows are inflows and outflows of cash and cash equivalents.
Operating activities are the principal revenue-producing activities of the entity and other activities that are not investing or financing activities.
Investing activities are the acquisition and disposal of long-term assets and other investments not included in cash equivalents.
Financing activities are activities that result in changes in the size and composition of the contributed equity and borrowings of the entity.
Financial instruments

Loans payable are financial liabilities, other than short-term trade payables on normal credit terms.
Related party disclosures

A related party is a person or entity that is related to the entity that is preparing its financial statements (the reporting entity):
          (a) a person or a close member of that person's family is related to a reporting entity if that person:

               (i) is a member of the key management personnel of the reporting entity or of a parent of the reporting entity;

               (ii) has control or joint control over the reporting entity; or

               (iii) has significant influence over the reporting entity.

          (b) an entity is related to a reporting entity if any of the following conditions applies:

               (i) the entity and the reporting entity are members of the same group (which means that each parent, subsidiary and fellow subsidiary is related to the others).

               (ii) one entity is an associate or joint venture of the other entity (or an associate or joint venture of a member of a group of which the other entity is a member).

               (iii) both entities are joint ventures of the same third entity.

               (iv) one entity is a joint venture of a third entity and the other entity is an associate of the third entity.

               (v) the entity is a post-employment benefit plan for the benefit of employees of either the reporting entity or an entity related to the reporting entity. If the reporting entity is itself such a plan, the sponsoring employers are also related to the reporting entity.

               (vi) the entity is controlled or jointly controlled by a person identified in (a).

               (vii) the entity, or any member of a group of which it is a part, provides key management personnel services to the reporting entity or to the parent of the reporting entity.

               (viii) a person identified in (a)(ii) has significant influence over the entity or is a member of the key management personnel of the entity (or of a parent of the