cash flow statmnt

This topic has 1 reply, 2 voices, and was last updated 9 years ago by P2-D2.

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February 18, 2017 at 3:29 am #372953
amawesome2
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Why is share of profit in associate deducted frm group cash flow ?is it coz when the parent gets apportioned a share of the profit, it is like a bookish entry rather thn any actual cash transferred to the parent(kind of a noncash income)?
February 19, 2017 at 9:25 pm #373203
P2-D2
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Yes, the profit in associate is a non-cash item so is adjusted for by removing it from the group profit before tax.
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