Components of cash and cash equivalents (AASB107_08-15_COMPmar20_07-21)

An entity shall disclose the components of cash and cash equivalents and shall present a reconciliation of the amounts in its statement of cash flows with the equivalent items reported in the statement of financial position.

In view of the variety of cash management practices and banking arrangements around the world and in order to comply with AASB 101 Presentation of Financial Statements, an entity discloses the policy which it adopts in determining the composition of cash and cash equivalents.

The effect of any change in the policy for determining components of cash and cash equivalents, for example, a change in the classification of financial instruments previously considered to be part of an entity’s investment portfolio, is reported in accordance with AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors.