Reconciliation of Net Operating Cash Flow (AASB1054_05-11_COMPaug26_01-28)

Reconciliation of Net Operating Cash Flow

When an entity uses the direct method to present its statement of cash flows, the financial statements shall provide a reconciliation of the net cash flow from operating activities. The reconciliation shall be to:

(a) the operating profit or loss subtotal presented in the statement of profit or loss in accordance with paragraph 69(a) of AASB 18; or

(b) the profit or loss total presented in the statement of profit or loss, if the entity is a superannuation entity applying AASB 1056 Superannuation Entities, or a not-for-profit public sector entity (that is not a higher education provider as defined in AASB 18) applying the relief set out in paragraph Aus47.2 of AASB 18 that does not present an operating profit or loss subtotal as defined in AASB 18.