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IAS 7Workpapers (Step 4 of 5)

Workpaper assignment

Step 4 of 5

Version of this content

IAS 7 as amended by IFRS 18

Applies to annual periods beginning on or after January 1, 2027. Early application permitted. Only together with early application of IFRS 18, which is permitted and must be disclosed (IFRS 18, para. C1).

Mission · workpaperWorkpaper · IAS 7L3 · Advanced

Documents

Balances and expenses for 20X8

Schedule

Balances and expenses for 20X8

Year 20X8 (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.

Cash flow classification matrix: Interest paid

Interest, dividends and taxes: classification by entity status, capitalised interest and net presentation

5 documents7 sections to document
0 / 4 sections completed
Guided mode

Section 1 of 7

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
≈ 25 min
Progress
0 / 3 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 20X8 statement and the presentation of the managed rents and of the bond portfolio.

Assignment

Cash flow classification matrix

Purpose of the workpaper

For each transaction of the period (one instance per transaction), describe the facts and the amount paid or received, check whether it is a cash flow, apply the definitions and examples of the three activities, identify the flows of a single payment that may be classified differently, apply the classification rules for interest, dividends and taxes (entity status given by the case) and the conditions for net presentation, then justify the classification and the disclosures.

Questions of the file covered by this workpaper

  • Compute the net cash flow of the owners' rents.
  • Classify these cash flows, assess the finance director's proposal and the presentation of the bonds.

Documents in the file

Open the documents to pick out the relevant information.

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