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IAS 7Workpapers (Step 4 of 5)

Workpaper assignment

Step 4 of 5

Version of this content

IAS 7 Statement of Cash Flows — wording before IFRS 18Applicable today

Applies to annual periods beginning before January 1, 2027.

Mission · workpaperWorkpaper · IAS 7L3 · Advanced

Documents

Balances and expenses for 20X5

Schedule

Balances and expenses for 20X5

Year 20X5 (EUR): interest payable 25,000 at the beginning and 35,000 at the end; finance costs in profit or loss 180,000, of which unwinding of the discount on a restoration provision of 8,000; interest capitalised in the cost of the hotel under construction, paid in the year, 60,000; dividends payable 40,000 at the beginning and 70,000 at the end; dividends declared 300,000, of which 50,000 settled in new shares at the request of shareholders; current tax payable 90,000 at the beginning and 110,000 at the end; current tax expense 260,000.

Statement of cash flows worksheet

Interest, dividends and taxes: classification choices, capitalised interest and net presentation

5 documents9 sections to document
0 / 6 sections completed
Guided mode

Section 1 of 9

Objective

In progress
Section brief
What to document
The engagement, its scope and the working mode chosen.
Why
A workpaper answers one precise question: framing it avoids off-topic work.
How
Read the objective and the assignment, then choose the mode (guided, semi-guided, professional).
Expected result
You know which question the workpaper must settle, and for which reporting date.
Your role
Preparer of the IAS 7 workpaper
Level
Advanced
Estimated time
≈ 60 min
Progress
0 / 5 steps done (review excluded)

Context

Bellastre Hôtels SA (fictitious entity) operates hotels, is building a new property and manages residences on behalf of owners. You prepare the interest, dividends and tax lines of its 20X5 statement and the presentation of the managed rents and of the bond portfolio.

Assignment

Statement of cash flows worksheet

Purpose of the workpaper

From the opening and closing statements of financial position, the statement of profit or loss and the additional information, rebuild the operating section with the indirect method (starting point used: profit before tax, wording before IFRS 18) and, where the data allow, with the direct method, derive the investing and financing cash flows from the balances, classify interest, dividends and taxes under the entity's method, leave out non-cash transactions, then reconcile the net change with opening and closing cash. Negative subtotals are net outflows.

Questions of the file covered by this workpaper

  • Compute total interest paid and the portion settled through interest payable.
  • Compute the dividends paid.
  • Compute the tax paid and its allocation.
  • Present the payment entries.

Documents in the file

Open the documents to pick out the relevant information.

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View the workpaper template