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Hi,
Basically, dividends received from Associate and Subsidiary would be eliminated. They won’t appear on Consolidated Statement of Position and Profit or loss. Then, why they appear on Consolidated Statement of cash flows? As proforma of CoSCF, we have Dividend received from Associate, Dividend paid to Parent shareholders?
RegardsHi,
The figures are actual cash flows between the group and the external investors.
Be careful though as the dividend received from the subsidiary (P’s x S’s dividend) that is eliminated on the Group SPL is not the same as the dividend paid to the NCI (NCI% x S’s dividend).
Also, the dividend received from associate is replaced by the share of profit of associate, but we also then need to deal with the cash receipt in the SCF.
Thanks
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