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(131)-CLASSIFICATION OF CASH FLOWS BY STANDARD HEADING

Friday, March 19, 2010

Classification of Cash Flows by Standard Heading

Taxation

These are cash flows to or from taxation authorities in respect of the reporting entity’s revenue and capital profits. Value added tax (VAT) and other sales taxes are disclosed below.
  • Taxation cash inflows include cash receipts from the relevant tax authority of tax rebates, claims or returns or over payments.
  • Taxation cash outflows include cash payments to the relevant tax authority of tax, including payments of advance corporation tax.


Acquisitions and disposals


These cash flows are related to the acquisition or disposal of any trade or business, or of an investment in an entity that is an associate, a joint venture, or a subsidiary undertaking.

  • Cash inflows here include receipts from sales of trades or business.
  • Cash outflows here include payments to acquire trades or business.


Equity dividends paid


The cash outflows are dividends paid on the reporting entity’s equity shares, excluding any advance corporation tax.

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