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Foreign exchange losses in cash flow

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Foreign exchange losses in cash flow

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by Stephen Widberg.
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  • June 25, 2021 at 7:36 am #626268
    joynow
    Member
    • Topics: 42
    • Replies: 38
    • ☆☆

    Hi, Sir. Past year Sep 2018 Q4 iii)

    Note iii) Daveed acquired a digital mapping business. Statement of cash flows showed a loss of $ 28m in net cash inflow generated from operating activities as the effect of changes in foreign exchange rates arising on the retranslation of this overseas subsidiary. The assets and liabilities of the acquired subsidiary had been correctly included in the calculation of cash movement during the year.

    My question is why the cash generated from operating activities would be increased by $28m? Since IAS 7 stated unrealised gain or losses arising from changes in foreign exchange rates are not cash flow.

    Please help Sir, Thank you.

    June 25, 2021 at 8:32 am #626273
    Stephen Widberg
    Keymaster
    • Topics: 12
    • Replies: 2842
    • ☆☆☆☆☆

    Loss of 28 should not be in CF.

    To correct – remove 28.

    This will increase operating CF.

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