CERTYNEX IFRS ACADEMY

Borlane's statement shows: opening cash 400,000 + net flows 150,000 = 550,000, whereas closing cash is 532,000, part being held in Swiss francs. What is the error?

Operating flows must be reduced by 18,000, the difference arising from sales collected in Swiss francs.

Closing cash must be brought to 550,000.

The difference must appear in financing.

The exchange effect line (−18,000) is missing to reconcile cash.