Equity and cash flows on the year to date

Learning objectives

• Determine that the statement of changes in equity and the statement of cash flows are presented for the financial year to date, with the comparative for the corresponding period of the preceding financial year.L1, L2

Normative references

• IAS 34 §20Interim reports include interim financial statements (condensed or complete) for: the statement of financial position as of the end of the current interim period, compared with the end of the immediately preceding financial year; the statement of comprehensive income for the current interim period and cumulatively for the financial year to date, compared with the corresponding periods of the preceding financial year; the statement of changes in equity and the statement of cash flows cumulatively for the financial year to date, compared with the corresponding year-to-date period of the preceding financial year.

Original summaries of the paragraphs (reference register), never a quotation of the standard.

1 question

• In an interim report, the statement of changes in equity and the statement of cash flows are presented on a year-to-date basis, compared with the corresponding year-to-date figures of the preceding year.L1