FRS-10
Issued 03/94
Revised 10/01
Issued 12/02
2 - 165
Institute of Chartered Accountants of New Zealand
FINANCIAL REPORTING STANDARD NO. 10
1994
STATEMENT OF CASH FLOWS
Issued by the Financial Reporting Standards Board
Institute of Chartered Accountants of New Zealand
Approved March 1994 by the Accounting Standards Review Board
under the Financial Reporting Act 1993
CONTENTS
Paragraph
Introduction ...................................................................................... 1.1
Application ....................................................................................... 2.1
Statement of Purpose ....................................................................... 3.1
Definitions
Cash ........................................................................................... 4.1
Cash Flow .................................................................................. 4.5
Financial Activities .................................................................... 4.7
Investing Activities .................................................................... 4.10
Operating Activities ................................................................... 4.15
Financial Reporting
Presentation of Statement of Cash Flows ................................... 5.1
Classification of Activities ......................................................... 5.3
GST Exclusive / Inclusive ......................................................... 5.6
Operating Activities ................................................................... 5.8
Reconciliation with Reported Surplus (Deficit) After Taxation. 5.11
Interest and Dividends ............................................................... 5.13
Interest Paid and Interest and Dividends Received .................... 5.14
Dividends Paid ........................................................................... 5.16
Income Tax Paid / Refunded ...................................................... 5.17
Foreign Currencies ..................................................................... 5.19
Corresponding Amounts ............................................................ 5.21
Reconciliation of Cash at Start and End of Period ..................... 5.22
Extraordinary Items and Items Disclosed Separately ................. 5.24
Investing and Financing Activities ............................................ 5.26
Restrictions and Cash Balances ................................................. 5.31
Netting of Cash Flows ............................................................... 5.33
Statement of Accounting Policies .............................................. 5.36
Comparison of FRS-10 with International and
Australian Accounting Standards........................................ Appendix
This Standard replaces FRS-10: Statement of Cash Flows (1992),
although that Standard will continue to apply until the completion of
accounting periods which end prior to 1 July 1994.