Page 82 - IC26 LIFE INSURANCE FINANCE

Extraordinary Items: These items should be separately shown under respective heads of cash from

operating, investing and financing activities.

Investing and financing transactions that do not require the use of cash and cash equivalents should be

excluded from a cash flow statement. For Example:

A] The conversion of debt to equity

B] Acquisition of an enterprise by means of issue of shares

Other Disclosure:

 Components of cash and cash equivalents.

 Reconciliation of closing cash and cash equivalents with items of balance sheet.

 The amount of significant cash and cash equivalent balances held by the enterprise, which are not

available for use by it.

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