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IAS 7

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IAS 7

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by Stephen Widberg.
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  • August 4, 2020 at 9:09 am #579154
    toushiga
    Participant
    • Topics: 424
    • Replies: 171
    • ☆☆☆☆

    Sir, for statement of cash flows ,why subsidiary’s right issue that raise in cash and fully subscribed,the related cash receipts(right issue) of NCI portion will be under cash flows from financing activities but not included parent ‘s portion?

    Thank you.

    August 4, 2020 at 4:57 pm #579236
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3432
    • ☆☆☆☆☆

    The parents portion would decrease the parents cash and increase the subsidiary cash.

    So there would be no overall affect on group cash flow.

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