The IASB issued the Exposure Draft ED/2014/6, Disclosure Initiative – Proposed amendments to IAS 7 (the ‘ED’) on 18 December 2014, with comments due by 17 April 2015. The proposals in the ED would require an entity:

  • to disclose a reconciliation of the amounts in the opening and closing statements of financial position for each item for which cash flows have been, or would be, classified as financing activities in the statement of cash flows, excluding equity items; and
  • to disclose information about the restrictions that may affect the decisions of an entity to use cash and cash equivalent balances, including tax liabilities that would arise on the repatriation of foreign cash and cash equivalent balances, when that information is relevant to understand the entity’s liquidity risk.

EFRAG has not reached a consensus on whether it believes that the proposals in the ED are appropriate; and therefore, its Draft Comment Letter sets out different views and seeks input from constituents.

Más información