AASB 107 - Cash Flow Statements

Interpretations relating to AASB 107 Cash Flow Statements are listed below:

Interpretation 1031
Accounting for the Goods and Services Tax (GST)

Operative date: 1 January 2005
Issue date: July 2004

Cash flows must be included in the cash flow statement on a gross basis, which means inclusive of any applicable GST. Investing and financing cash flows are presented net of the GST recoverable from or payable to the taxation authority. Any applicable GST component relating to investing and financing cash flows is classified in operating cash flows.

Related AASB Standards: AASB 102, AASB 107, AASB 108, AASB 116, AASB 118, AASB 138