Analysis of cash and cash equivalents

• Balances examined at the reporting date (bank, nature, maturity when acquired, terms)

  TextRequired

  SOLVANNE_GROUP_BALANCES_31_DECEMBER_20X8

• Cash on hand

  NumberRequired

  6,000

• Demand deposits (including translated foreign currency accounts)

  NumberRequired

  842,000

• Investments qualifying as cash equivalents

  Number

  420,000

  Rule: maturity is assessed at the date the investment is acquired, not at the reporting date (para. 7); the qualification of each investment is documented in the judgement section.

• Investments excluded from cash equivalents

  Number

  430,000

• Bank overdrafts repayable on demand that are part of cash management

  Number

  95,000

• Other short-term bank borrowings (financing)

  Number

  200,000

• Balances not available for use by the group (included in the components)

  Number

  210,000

• Cash and cash equivalents at the beginning of the period (prior period statement)

  Number

  905,000

• Net increase in cash per the statement

  Number

  236,000

• Net decrease in cash per the statement

  Number

• Foreign currency cash at the end of the period, translated at the closing rate

  Number

  210,000

• Foreign currency cash at the beginning of the period, translated at the opening rate

  Number

  150,000

• Foreign currency receipts translated at the rates at the dates of the cash flows

  Number

  28,000

  Case data: rates at the dates of the cash flows or an average rate approximating them, never the closing rate for the cash flows of a foreign subsidiary (para. 25 to 27).

• Foreign currency payments translated at the rates at the dates of the cash flows

  Number

• Evidence obtained and referenced (category, document reference)

  EvidenceRequired

IAS 7 §6IAS 7 §7IAS 7 §8IAS 7 §9

• Points reviewed

  ChecklistRequired

  • Short-term, highly liquid investment, known amount, insignificant risk of changes in value
  • Maturity of three months or less from the date of acquisition
  • Equity investments excluded, unless cash equivalents in substance
  • Overdrafts repayable on demand that are part of cash management (fluctuating balance)
  • Movements between components: not cash flows

IAS 7 §6IAS 7 §8IAS 7 §25IAS 7 §26IAS 7 §27IAS 7 §28IAS 7 §45

• Closing cash and cash equivalents

  Calculation

  1,173,000

  Cash on hand ; Demand deposits (including translated foreign currency accounts) ; Investments qualifying as cash equivalents ; − Bank overdrafts repayable on demand that are part of cash management

• Effect of exchange rate changes on cash

  Calculation

  32,000

  Foreign currency cash at the end of the period, translated at the closing rate ; − Foreign currency cash at the beginning of the period, translated at the opening rate ; − Foreign currency receipts translated at the rates at the dates of the cash flows ; Foreign currency payments translated at the rates at the dates of the cash flows

• Closing cash rebuilt (opening + net change + exchange effect)

  Calculation

  1,173,000

  Cash and cash equivalents at the beginning of the period (prior period statement) ; Net increase in cash per the statement ; − Net decrease in cash per the statement ; Effect of exchange rate changes on cash ; Closing cash and cash equivalents

• Difference: composition − rebuilt cash

  Calculation

  0

  Cash and cash equivalents at the beginning of the period (prior period statement) ; Net increase in cash per the statement ; − Net decrease in cash per the statement ; Effect of exchange rate changes on cash ; Closing cash and cash equivalents

IAS 7 §6IAS 7 §7IAS 7 §8IAS 7 §48IAS 7 §49

• Qualification of the investment examined

  JudgmentRequired

  Cash equivalent

  Cash equivalent / Excluded: maturity of more than three months when acquired / Excluded: risk of changes in value not insignificant / Excluded: equity instrument

• Rationale: facts relied on, analysis, alternative rejected

  TextRequired

• Bank overdraft

  JudgmentRequired

  Part of cash management: deducted from cash

  Part of cash management: deducted from cash / Financing: presented with borrowings / No overdraft

  Professional judgement: a balance that often fluctuates from positive to overdrawn indicates that the overdraft is part of cash management (para. 8).

• Rationale: facts relied on, analysis, alternative rejected

  TextRequired

• Balances not available for use by the group

  JudgmentRequired

  Significant: amount and management commentary

  Significant: amount and management commentary / Not significant / No balance unavailable

  Professional judgement: significance is assessed against group cash; exchange controls are an example of unavailability (para. 48 and 49).

• Rationale: facts relied on, analysis, alternative rejected

  TextRequired

IAS 7 §45IAS 7 §46IAS 7 §47IAS 7 §48IAS 7 §50

• Items of the note

  ChecklistRequired

  • Components of cash and cash equivalents
  • Reconciliation with the line items of the statement of financial position
  • Policy used to determine the composition (wording applicable from 2027)
  • Change in the composition policy dealt with under IAS 8
  • Significant balances not available, with management commentary
  • Encouraged disclosures (undrawn facilities…), not required

• Draft note on cash

  Text

• Paragraphs cited in this workpaper (verification status shown from the register)

  References

• Qualification documentedPass
• Composition = rebuilt cashPass

Assets

0

Liabilities

0

Profit or loss

0

OCI

0

Equity

0

• Balances examined at the reporting date (bank, nature, maturity when acquired, terms)

  TextRequired

  TERM_DEPOSIT_14_MONTHS_SUBSCRIBED_1_DECEMBER_20X7

• Cash on hand

  NumberRequired

• Demand deposits (including translated foreign currency accounts)

  NumberRequired

• Investments qualifying as cash equivalents

  Number

  Rule: maturity is assessed at the date the investment is acquired, not at the reporting date (para. 7); the qualification of each investment is documented in the judgement section.

• Investments excluded from cash equivalents

  Number

  250,000

• Bank overdrafts repayable on demand that are part of cash management

  Number

• Other short-term bank borrowings (financing)

  Number

• Balances not available for use by the group (included in the components)

  Number

• Cash and cash equivalents at the beginning of the period (prior period statement)

  Number

• Net increase in cash per the statement

  Number

• Net decrease in cash per the statement

  Number

• Foreign currency cash at the end of the period, translated at the closing rate

  Number

• Foreign currency cash at the beginning of the period, translated at the opening rate

  Number

• Foreign currency receipts translated at the rates at the dates of the cash flows

  Number

  Case data: rates at the dates of the cash flows or an average rate approximating them, never the closing rate for the cash flows of a foreign subsidiary (para. 25 to 27).

• Foreign currency payments translated at the rates at the dates of the cash flows

  Number

• Evidence obtained and referenced (category, document reference)

  EvidenceRequired

IAS 7 §6IAS 7 §7IAS 7 §8IAS 7 §9

• Points reviewed

  ChecklistRequired

  • Short-term, highly liquid investment, known amount, insignificant risk of changes in value
  • Maturity of three months or less from the date of acquisition
  • Equity investments excluded, unless cash equivalents in substance
  • Overdrafts repayable on demand that are part of cash management (fluctuating balance)
  • Movements between components: not cash flows

IAS 7 §6IAS 7 §8IAS 7 §25IAS 7 §26IAS 7 §27IAS 7 §28IAS 7 §45

• Closing cash and cash equivalents

  Calculation

  Cash on hand ; Demand deposits (including translated foreign currency accounts) ; Investments qualifying as cash equivalents ; − Bank overdrafts repayable on demand that are part of cash management

• Effect of exchange rate changes on cash

  Calculation

  0

  Foreign currency cash at the end of the period, translated at the closing rate ; − Foreign currency cash at the beginning of the period, translated at the opening rate ; − Foreign currency receipts translated at the rates at the dates of the cash flows ; Foreign currency payments translated at the rates at the dates of the cash flows

• Closing cash rebuilt (opening + net change + exchange effect)

  Calculation

  Cash and cash equivalents at the beginning of the period (prior period statement) ; Net increase in cash per the statement ; − Net decrease in cash per the statement ; Effect of exchange rate changes on cash ; Closing cash and cash equivalents

• Difference: composition − rebuilt cash

  Calculation

  Cash and cash equivalents at the beginning of the period (prior period statement) ; Net increase in cash per the statement ; − Net decrease in cash per the statement ; Effect of exchange rate changes on cash ; Closing cash and cash equivalents

IAS 7 §6IAS 7 §7IAS 7 §8IAS 7 §48IAS 7 §49

• Qualification of the investment examined

  JudgmentRequired

  Excluded: maturity of more than three months when acquired

  Cash equivalent / Excluded: maturity of more than three months when acquired / Excluded: risk of changes in value not insignificant / Excluded: equity instrument

• Rationale: facts relied on, analysis, alternative rejected

  TextRequired

• Bank overdraft

  JudgmentRequired

  Part of cash management: deducted from cash / Financing: presented with borrowings / No overdraft

  Professional judgement: a balance that often fluctuates from positive to overdrawn indicates that the overdraft is part of cash management (para. 8).

• Rationale: facts relied on, analysis, alternative rejected

  TextRequired

• Balances not available for use by the group

  JudgmentRequired

  Significant: amount and management commentary / Not significant / No balance unavailable

  Professional judgement: significance is assessed against group cash; exchange controls are an example of unavailability (para. 48 and 49).

• Rationale: facts relied on, analysis, alternative rejected

  TextRequired

IAS 7 §45IAS 7 §46IAS 7 §47IAS 7 §48IAS 7 §50

• Items of the note

  ChecklistRequired

  • Components of cash and cash equivalents
  • Reconciliation with the line items of the statement of financial position
  • Policy used to determine the composition (wording applicable from 2027)
  • Change in the composition policy dealt with under IAS 8
  • Significant balances not available, with management commentary
  • Encouraged disclosures (undrawn facilities…), not required

• Draft note on cash

  Text

• Paragraphs cited in this workpaper (verification status shown from the register)

  References

• Qualification documentedPass
• Composition = rebuilt cashNot evaluated

Assets

0

Liabilities

0

Profit or loss

0

OCI

0

Equity

0

• Balances examined at the reporting date (bank, nature, maturity when acquired, terms)

  TextRequired

  LISTED_SHARES_PORTFOLIO

• Cash on hand

  NumberRequired

• Demand deposits (including translated foreign currency accounts)

  NumberRequired

• Investments qualifying as cash equivalents

  Number

  Rule: maturity is assessed at the date the investment is acquired, not at the reporting date (para. 7); the qualification of each investment is documented in the judgement section.

• Investments excluded from cash equivalents

  Number

  180,000

• Bank overdrafts repayable on demand that are part of cash management

  Number

• Other short-term bank borrowings (financing)

  Number

• Balances not available for use by the group (included in the components)

  Number

• Cash and cash equivalents at the beginning of the period (prior period statement)

  Number

• Net increase in cash per the statement

  Number

• Net decrease in cash per the statement

  Number

• Foreign currency cash at the end of the period, translated at the closing rate

  Number

• Foreign currency cash at the beginning of the period, translated at the opening rate

  Number

• Foreign currency receipts translated at the rates at the dates of the cash flows

  Number

  Case data: rates at the dates of the cash flows or an average rate approximating them, never the closing rate for the cash flows of a foreign subsidiary (para. 25 to 27).

• Foreign currency payments translated at the rates at the dates of the cash flows

  Number

• Evidence obtained and referenced (category, document reference)

  EvidenceRequired

IAS 7 §6IAS 7 §7IAS 7 §8IAS 7 §9

• Points reviewed

  ChecklistRequired

  • Short-term, highly liquid investment, known amount, insignificant risk of changes in value
  • Maturity of three months or less from the date of acquisition
  • Equity investments excluded, unless cash equivalents in substance
  • Overdrafts repayable on demand that are part of cash management (fluctuating balance)
  • Movements between components: not cash flows

IAS 7 §6IAS 7 §8IAS 7 §25IAS 7 §26IAS 7 §27IAS 7 §28IAS 7 §45

• Closing cash and cash equivalents

  Calculation

  Cash on hand ; Demand deposits (including translated foreign currency accounts) ; Investments qualifying as cash equivalents ; − Bank overdrafts repayable on demand that are part of cash management

• Effect of exchange rate changes on cash

  Calculation

  0

  Foreign currency cash at the end of the period, translated at the closing rate ; − Foreign currency cash at the beginning of the period, translated at the opening rate ; − Foreign currency receipts translated at the rates at the dates of the cash flows ; Foreign currency payments translated at the rates at the dates of the cash flows

• Closing cash rebuilt (opening + net change + exchange effect)

  Calculation

  Cash and cash equivalents at the beginning of the period (prior period statement) ; Net increase in cash per the statement ; − Net decrease in cash per the statement ; Effect of exchange rate changes on cash ; Closing cash and cash equivalents

• Difference: composition − rebuilt cash

  Calculation

  Cash and cash equivalents at the beginning of the period (prior period statement) ; Net increase in cash per the statement ; − Net decrease in cash per the statement ; Effect of exchange rate changes on cash ; Closing cash and cash equivalents

IAS 7 §6IAS 7 §7IAS 7 §8IAS 7 §48IAS 7 §49

• Qualification of the investment examined

  JudgmentRequired

  Excluded: equity instrument

  Cash equivalent / Excluded: maturity of more than three months when acquired / Excluded: risk of changes in value not insignificant / Excluded: equity instrument

• Rationale: facts relied on, analysis, alternative rejected

  TextRequired

• Bank overdraft

  JudgmentRequired

  Part of cash management: deducted from cash / Financing: presented with borrowings / No overdraft

  Professional judgement: a balance that often fluctuates from positive to overdrawn indicates that the overdraft is part of cash management (para. 8).

• Rationale: facts relied on, analysis, alternative rejected

  TextRequired

• Balances not available for use by the group

  JudgmentRequired

  Significant: amount and management commentary / Not significant / No balance unavailable

  Professional judgement: significance is assessed against group cash; exchange controls are an example of unavailability (para. 48 and 49).

• Rationale: facts relied on, analysis, alternative rejected

  TextRequired

IAS 7 §45IAS 7 §46IAS 7 §47IAS 7 §48IAS 7 §50

• Items of the note

  ChecklistRequired

  • Components of cash and cash equivalents
  • Reconciliation with the line items of the statement of financial position
  • Policy used to determine the composition (wording applicable from 2027)
  • Change in the composition policy dealt with under IAS 8
  • Significant balances not available, with management commentary
  • Encouraged disclosures (undrawn facilities…), not required

• Draft note on cash

  Text

• Paragraphs cited in this workpaper (verification status shown from the register)

  References

• Qualification documentedPass
• Composition = rebuilt cashNot evaluated

Assets

0

Liabilities

0

Profit or loss

0

OCI

0

Equity

0

• Balances examined at the reporting date (bank, nature, maturity when acquired, terms)

  TextRequired

  MONEY_MARKET_FUND_DAILY_LIQUIDITY

• Cash on hand

  NumberRequired

• Demand deposits (including translated foreign currency accounts)

  NumberRequired

• Investments qualifying as cash equivalents

  Number

  120,000

  Rule: maturity is assessed at the date the investment is acquired, not at the reporting date (para. 7); the qualification of each investment is documented in the judgement section.

• Investments excluded from cash equivalents

  Number

• Bank overdrafts repayable on demand that are part of cash management

  Number

• Other short-term bank borrowings (financing)

  Number

• Balances not available for use by the group (included in the components)

  Number

• Cash and cash equivalents at the beginning of the period (prior period statement)

  Number

• Net increase in cash per the statement

  Number

• Net decrease in cash per the statement

  Number

• Foreign currency cash at the end of the period, translated at the closing rate

  Number

• Foreign currency cash at the beginning of the period, translated at the opening rate

  Number

• Foreign currency receipts translated at the rates at the dates of the cash flows

  Number

  Case data: rates at the dates of the cash flows or an average rate approximating them, never the closing rate for the cash flows of a foreign subsidiary (para. 25 to 27).

• Foreign currency payments translated at the rates at the dates of the cash flows

  Number

• Evidence obtained and referenced (category, document reference)

  EvidenceRequired

IAS 7 §6IAS 7 §7IAS 7 §8IAS 7 §9

• Points reviewed

  ChecklistRequired

  • Short-term, highly liquid investment, known amount, insignificant risk of changes in value
  • Maturity of three months or less from the date of acquisition
  • Equity investments excluded, unless cash equivalents in substance
  • Overdrafts repayable on demand that are part of cash management (fluctuating balance)
  • Movements between components: not cash flows

IAS 7 §6IAS 7 §8IAS 7 §25IAS 7 §26IAS 7 §27IAS 7 §28IAS 7 §45

• Closing cash and cash equivalents

  Calculation

  Cash on hand ; Demand deposits (including translated foreign currency accounts) ; Investments qualifying as cash equivalents ; − Bank overdrafts repayable on demand that are part of cash management

• Effect of exchange rate changes on cash

  Calculation

  0

  Foreign currency cash at the end of the period, translated at the closing rate ; − Foreign currency cash at the beginning of the period, translated at the opening rate ; − Foreign currency receipts translated at the rates at the dates of the cash flows ; Foreign currency payments translated at the rates at the dates of the cash flows

• Closing cash rebuilt (opening + net change + exchange effect)

  Calculation

  Cash and cash equivalents at the beginning of the period (prior period statement) ; Net increase in cash per the statement ; − Net decrease in cash per the statement ; Effect of exchange rate changes on cash ; Closing cash and cash equivalents

• Difference: composition − rebuilt cash

  Calculation

  Cash and cash equivalents at the beginning of the period (prior period statement) ; Net increase in cash per the statement ; − Net decrease in cash per the statement ; Effect of exchange rate changes on cash ; Closing cash and cash equivalents

IAS 7 §6IAS 7 §7IAS 7 §8IAS 7 §48IAS 7 §49

• Qualification of the investment examined

  JudgmentRequired

  Cash equivalent

  Cash equivalent / Excluded: maturity of more than three months when acquired / Excluded: risk of changes in value not insignificant / Excluded: equity instrument

• Rationale: facts relied on, analysis, alternative rejected

  TextRequired

• Bank overdraft

  JudgmentRequired

  Part of cash management: deducted from cash / Financing: presented with borrowings / No overdraft

  Professional judgement: a balance that often fluctuates from positive to overdrawn indicates that the overdraft is part of cash management (para. 8).

• Rationale: facts relied on, analysis, alternative rejected

  TextRequired

• Balances not available for use by the group

  JudgmentRequired

  Significant: amount and management commentary / Not significant / No balance unavailable

  Professional judgement: significance is assessed against group cash; exchange controls are an example of unavailability (para. 48 and 49).

• Rationale: facts relied on, analysis, alternative rejected

  TextRequired

IAS 7 §45IAS 7 §46IAS 7 §47IAS 7 §48IAS 7 §50

• Items of the note

  ChecklistRequired

  • Components of cash and cash equivalents
  • Reconciliation with the line items of the statement of financial position
  • Policy used to determine the composition (wording applicable from 2027)
  • Change in the composition policy dealt with under IAS 8
  • Significant balances not available, with management commentary
  • Encouraged disclosures (undrawn facilities…), not required

• Draft note on cash

  Text

• Paragraphs cited in this workpaper (verification status shown from the register)

  References

• Qualification documentedPass
• Composition = rebuilt cashNot evaluated

Assets

0

Liabilities

0

Profit or loss

0

OCI

0

Equity

0

• Balances examined at the reporting date (bank, nature, maturity when acquired, terms)

  TextRequired

  HESTREL_GROUP_BALANCES_31_DECEMBER_20X8

• Cash on hand

  NumberRequired

  20,000

• Demand deposits (including translated foreign currency accounts)

  NumberRequired

  860,000

• Investments qualifying as cash equivalents

  Number

  250,000

  Rule: maturity is assessed at the date the investment is acquired, not at the reporting date (para. 7); the qualification of each investment is documented in the judgement section.

• Investments excluded from cash equivalents

  Number

  300,000

• Bank overdrafts repayable on demand that are part of cash management

  Number

  280,000

• Other short-term bank borrowings (financing)

  Number

• Balances not available for use by the group (included in the components)

  Number

  140,000

• Cash and cash equivalents at the beginning of the period (prior period statement)

  Number

  1,200,000

• Net increase in cash per the statement

  Number

• Net decrease in cash per the statement

  Number

  375,000

• Foreign currency cash at the end of the period, translated at the closing rate

  Number

  525,000

• Foreign currency cash at the beginning of the period, translated at the opening rate

  Number

  400,000

• Foreign currency receipts translated at the rates at the dates of the cash flows

  Number

  100,000

  Case data: rates at the dates of the cash flows or an average rate approximating them, never the closing rate for the cash flows of a foreign subsidiary (para. 25 to 27).

• Foreign currency payments translated at the rates at the dates of the cash flows

  Number

• Evidence obtained and referenced (category, document reference)

  EvidenceRequired

IAS 7 §6IAS 7 §7IAS 7 §8IAS 7 §9

• Points reviewed

  ChecklistRequired

  • Short-term, highly liquid investment, known amount, insignificant risk of changes in value
  • Maturity of three months or less from the date of acquisition
  • Equity investments excluded, unless cash equivalents in substance
  • Overdrafts repayable on demand that are part of cash management (fluctuating balance)
  • Movements between components: not cash flows

IAS 7 §6IAS 7 §8IAS 7 §25IAS 7 §26IAS 7 §27IAS 7 §28IAS 7 §45

• Closing cash and cash equivalents

  Calculation

  850,000

  Cash on hand ; Demand deposits (including translated foreign currency accounts) ; Investments qualifying as cash equivalents ; − Bank overdrafts repayable on demand that are part of cash management

• Effect of exchange rate changes on cash

  Calculation

  25,000

  Foreign currency cash at the end of the period, translated at the closing rate ; − Foreign currency cash at the beginning of the period, translated at the opening rate ; − Foreign currency receipts translated at the rates at the dates of the cash flows ; Foreign currency payments translated at the rates at the dates of the cash flows

• Closing cash rebuilt (opening + net change + exchange effect)

  Calculation

  850,000

  Cash and cash equivalents at the beginning of the period (prior period statement) ; Net increase in cash per the statement ; − Net decrease in cash per the statement ; Effect of exchange rate changes on cash ; Closing cash and cash equivalents

• Difference: composition − rebuilt cash

  Calculation

  0

  Cash and cash equivalents at the beginning of the period (prior period statement) ; Net increase in cash per the statement ; − Net decrease in cash per the statement ; Effect of exchange rate changes on cash ; Closing cash and cash equivalents

IAS 7 §6IAS 7 §7IAS 7 §8IAS 7 §48IAS 7 §49

• Qualification of the investment examined

  JudgmentRequired

  Cash equivalent

  Cash equivalent / Excluded: maturity of more than three months when acquired / Excluded: risk of changes in value not insignificant / Excluded: equity instrument

• Rationale: facts relied on, analysis, alternative rejected

  TextRequired

• Bank overdraft

  JudgmentRequired

  Part of cash management: deducted from cash

  Part of cash management: deducted from cash / Financing: presented with borrowings / No overdraft

  Professional judgement: a balance that often fluctuates from positive to overdrawn indicates that the overdraft is part of cash management (para. 8).

• Rationale: facts relied on, analysis, alternative rejected

  TextRequired

• Balances not available for use by the group

  JudgmentRequired

  Significant: amount and management commentary

  Significant: amount and management commentary / Not significant / No balance unavailable

  Professional judgement: significance is assessed against group cash; exchange controls are an example of unavailability (para. 48 and 49).

• Rationale: facts relied on, analysis, alternative rejected

  TextRequired

IAS 7 §45IAS 7 §46IAS 7 §47IAS 7 §48IAS 7 §50

• Items of the note

  ChecklistRequired

  • Components of cash and cash equivalents
  • Reconciliation with the line items of the statement of financial position
  • Policy used to determine the composition (wording applicable from 2027)
  • Change in the composition policy dealt with under IAS 8
  • Significant balances not available, with management commentary
  • Encouraged disclosures (undrawn facilities…), not required

• Draft note on cash

  Text

• Paragraphs cited in this workpaper (verification status shown from the register)

  References

• Qualification documentedPass
• Composition = rebuilt cashPass

Assets

0

Liabilities

0

Profit or loss

0

OCI

0

Equity

0

• Balances examined at the reporting date (bank, nature, maturity when acquired, terms)

  TextRequired

  HESTREL_GROUP_BALANCES_31_DECEMBER_20X7

• Cash on hand

  NumberRequired

  15,000

• Demand deposits (including translated foreign currency accounts)

  NumberRequired

  1,035,000

• Investments qualifying as cash equivalents

  Number

  300,000

  Rule: maturity is assessed at the date the investment is acquired, not at the reporting date (para. 7); the qualification of each investment is documented in the judgement section.

• Investments excluded from cash equivalents

  Number

• Bank overdrafts repayable on demand that are part of cash management

  Number

  150,000

• Other short-term bank borrowings (financing)

  Number

• Balances not available for use by the group (included in the components)

  Number

• Cash and cash equivalents at the beginning of the period (prior period statement)

  Number

• Net increase in cash per the statement

  Number

• Net decrease in cash per the statement

  Number

• Foreign currency cash at the end of the period, translated at the closing rate

  Number

• Foreign currency cash at the beginning of the period, translated at the opening rate

  Number

• Foreign currency receipts translated at the rates at the dates of the cash flows

  Number

  Case data: rates at the dates of the cash flows or an average rate approximating them, never the closing rate for the cash flows of a foreign subsidiary (para. 25 to 27).

• Foreign currency payments translated at the rates at the dates of the cash flows

  Number

• Evidence obtained and referenced (category, document reference)

  EvidenceRequired

IAS 7 §6IAS 7 §7IAS 7 §8IAS 7 §9

• Points reviewed

  ChecklistRequired

  • Short-term, highly liquid investment, known amount, insignificant risk of changes in value
  • Maturity of three months or less from the date of acquisition
  • Equity investments excluded, unless cash equivalents in substance
  • Overdrafts repayable on demand that are part of cash management (fluctuating balance)
  • Movements between components: not cash flows

IAS 7 §6IAS 7 §8IAS 7 §25IAS 7 §26IAS 7 §27IAS 7 §28IAS 7 §45

• Closing cash and cash equivalents

  Calculation

  1,200,000

  Cash on hand ; Demand deposits (including translated foreign currency accounts) ; Investments qualifying as cash equivalents ; − Bank overdrafts repayable on demand that are part of cash management

• Effect of exchange rate changes on cash

  Calculation

  0

  Foreign currency cash at the end of the period, translated at the closing rate ; − Foreign currency cash at the beginning of the period, translated at the opening rate ; − Foreign currency receipts translated at the rates at the dates of the cash flows ; Foreign currency payments translated at the rates at the dates of the cash flows

• Closing cash rebuilt (opening + net change + exchange effect)

  Calculation

  Cash and cash equivalents at the beginning of the period (prior period statement) ; Net increase in cash per the statement ; − Net decrease in cash per the statement ; Effect of exchange rate changes on cash ; Closing cash and cash equivalents

• Difference: composition − rebuilt cash

  Calculation

  Cash and cash equivalents at the beginning of the period (prior period statement) ; Net increase in cash per the statement ; − Net decrease in cash per the statement ; Effect of exchange rate changes on cash ; Closing cash and cash equivalents

IAS 7 §6IAS 7 §7IAS 7 §8IAS 7 §48IAS 7 §49

• Qualification of the investment examined

  JudgmentRequired

  Cash equivalent

  Cash equivalent / Excluded: maturity of more than three months when acquired / Excluded: risk of changes in value not insignificant / Excluded: equity instrument

• Rationale: facts relied on, analysis, alternative rejected

  TextRequired

• Bank overdraft

  JudgmentRequired

  Part of cash management: deducted from cash

  Part of cash management: deducted from cash / Financing: presented with borrowings / No overdraft

  Professional judgement: a balance that often fluctuates from positive to overdrawn indicates that the overdraft is part of cash management (para. 8).

• Rationale: facts relied on, analysis, alternative rejected

  TextRequired

• Balances not available for use by the group

  JudgmentRequired

  No balance unavailable

  Significant: amount and management commentary / Not significant / No balance unavailable

  Professional judgement: significance is assessed against group cash; exchange controls are an example of unavailability (para. 48 and 49).

• Rationale: facts relied on, analysis, alternative rejected

  TextRequired

IAS 7 §45IAS 7 §46IAS 7 §47IAS 7 §48IAS 7 §50

• Items of the note

  ChecklistRequired

  • Components of cash and cash equivalents
  • Reconciliation with the line items of the statement of financial position
  • Policy used to determine the composition (wording applicable from 2027)
  • Change in the composition policy dealt with under IAS 8
  • Significant balances not available, with management commentary
  • Encouraged disclosures (undrawn facilities…), not required

• Draft note on cash

  Text

• Paragraphs cited in this workpaper (verification status shown from the register)

  References

• Qualification documentedPass
• Composition = rebuilt cashNot evaluated

Assets

0

Liabilities

0

Profit or loss

0

OCI

0

Equity

0

• Balances examined at the reporting date (bank, nature, maturity when acquired, terms)

  TextRequired

  SIX_MONTH_TERM_DEPOSIT_PLACED_IN_NOVEMBER_20X8

• Cash on hand

  NumberRequired

• Demand deposits (including translated foreign currency accounts)

  NumberRequired

• Investments qualifying as cash equivalents

  Number

  Rule: maturity is assessed at the date the investment is acquired, not at the reporting date (para. 7); the qualification of each investment is documented in the judgement section.

• Investments excluded from cash equivalents

  Number

  300,000

• Bank overdrafts repayable on demand that are part of cash management

  Number

• Other short-term bank borrowings (financing)

  Number

• Balances not available for use by the group (included in the components)

  Number

• Cash and cash equivalents at the beginning of the period (prior period statement)

  Number

• Net increase in cash per the statement

  Number

• Net decrease in cash per the statement

  Number

• Foreign currency cash at the end of the period, translated at the closing rate

  Number

• Foreign currency cash at the beginning of the period, translated at the opening rate

  Number

• Foreign currency receipts translated at the rates at the dates of the cash flows

  Number

  Case data: rates at the dates of the cash flows or an average rate approximating them, never the closing rate for the cash flows of a foreign subsidiary (para. 25 to 27).

• Foreign currency payments translated at the rates at the dates of the cash flows

  Number

• Evidence obtained and referenced (category, document reference)

  EvidenceRequired

IAS 7 §6IAS 7 §7IAS 7 §8IAS 7 §9

• Points reviewed

  ChecklistRequired

  • Short-term, highly liquid investment, known amount, insignificant risk of changes in value
  • Maturity of three months or less from the date of acquisition
  • Equity investments excluded, unless cash equivalents in substance
  • Overdrafts repayable on demand that are part of cash management (fluctuating balance)
  • Movements between components: not cash flows

IAS 7 §6IAS 7 §8IAS 7 §25IAS 7 §26IAS 7 §27IAS 7 §28IAS 7 §45

• Closing cash and cash equivalents

  Calculation

  Cash on hand ; Demand deposits (including translated foreign currency accounts) ; Investments qualifying as cash equivalents ; − Bank overdrafts repayable on demand that are part of cash management

• Effect of exchange rate changes on cash

  Calculation

  0

  Foreign currency cash at the end of the period, translated at the closing rate ; − Foreign currency cash at the beginning of the period, translated at the opening rate ; − Foreign currency receipts translated at the rates at the dates of the cash flows ; Foreign currency payments translated at the rates at the dates of the cash flows

• Closing cash rebuilt (opening + net change + exchange effect)

  Calculation

  Cash and cash equivalents at the beginning of the period (prior period statement) ; Net increase in cash per the statement ; − Net decrease in cash per the statement ; Effect of exchange rate changes on cash ; Closing cash and cash equivalents

• Difference: composition − rebuilt cash

  Calculation

  Cash and cash equivalents at the beginning of the period (prior period statement) ; Net increase in cash per the statement ; − Net decrease in cash per the statement ; Effect of exchange rate changes on cash ; Closing cash and cash equivalents

IAS 7 §6IAS 7 §7IAS 7 §8IAS 7 §48IAS 7 §49

• Qualification of the investment examined

  JudgmentRequired

  Excluded: maturity of more than three months when acquired

  Cash equivalent / Excluded: maturity of more than three months when acquired / Excluded: risk of changes in value not insignificant / Excluded: equity instrument

• Rationale: facts relied on, analysis, alternative rejected

  TextRequired

• Bank overdraft

  JudgmentRequired

  Part of cash management: deducted from cash / Financing: presented with borrowings / No overdraft

  Professional judgement: a balance that often fluctuates from positive to overdrawn indicates that the overdraft is part of cash management (para. 8).

• Rationale: facts relied on, analysis, alternative rejected

  TextRequired

• Balances not available for use by the group

  JudgmentRequired

  Significant: amount and management commentary / Not significant / No balance unavailable

  Professional judgement: significance is assessed against group cash; exchange controls are an example of unavailability (para. 48 and 49).

• Rationale: facts relied on, analysis, alternative rejected

  TextRequired

IAS 7 §45IAS 7 §46IAS 7 §47IAS 7 §48IAS 7 §50

• Items of the note

  ChecklistRequired

  • Components of cash and cash equivalents
  • Reconciliation with the line items of the statement of financial position
  • Policy used to determine the composition (wording applicable from 2027)
  • Change in the composition policy dealt with under IAS 8
  • Significant balances not available, with management commentary
  • Encouraged disclosures (undrawn facilities…), not required

• Draft note on cash

  Text

• Paragraphs cited in this workpaper (verification status shown from the register)

  References

• Qualification documentedPass
• Composition = rebuilt cashNot evaluated

Assets

0

Liabilities

0

Profit or loss

0

OCI

0

Equity

0