Group Statement of cash flows

This topic has 5 replies, 2 voices, and was last updated 8 months ago by Stephen Widberg.

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April 11, 2020 at 3:19 pm #567208
toushiga
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Sir, I have a query related to SBR Dec 2018 Q1 part(ii)-MoyesGroup
“The share of profit of associate is an item of income associated with investing activities and so has been deducted”
Is it its not cash flows(share of profit) and we should only include the div received from an associate in the cash flows from investing activities?
Thanks.
April 12, 2020 at 7:46 am #567245
Stephen Widberg
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With Associates, we show dividend INSTEAD of profit.
So:
1. Add back profit
2. Deduct dividend
April 12, 2020 at 1:42 pm #567312
toushiga
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Why div receive from an associate is deduct div not added?
April 13, 2020 at 8:23 am #567777
Stephen Widberg
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Because it makes cash go OUT of business.
May 11, 2020 at 12:59 pm #570550
toushiga
- Topics: 423
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Should we receive div from associate which is Cash Go In to the business?
May 11, 2020 at 3:28 pm #570565
Stephen Widberg
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Yes the dividend itself is an INFLOW of cash in the investing part of the cash flow statement
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