CERTYNEX IFRS ACADEMY

Zelquine's reconciliation shows financing cash flows of −820,000, whereas the statement shows repayments of 1,100,000 and drawdowns of 300,000, with no explanation of the difference. What is the error?

No error, the reconciliation being an independent note prepared from the accounting balances of the borrowings.

The statement must be changed to show −820,000.

The reconciliation must link to the statement: the 20,000 gap must be corrected or explained.

The cash flow column must be removed.