Search Definitions

Reclassification adjustments are amounts reclassified to profit or loss in the current period that were recognised in other comprehensive income in the current or previous …

Total comprehensive income is the change in equity during a period resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners. Total comprehensive income comprises all …

Cash comprises cash on hand and demand deposits. …

Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in …

Cash flows are inflows and outflows of cash and cash equivalents. …

Operating activities are the principal revenue-producing activities of the entity and other activities that are not investing or financing …

Investing activities are the acquisition and disposal of long-term assets and other investments not included in cash equivalents. …

Financing activities are activities that result in changes in the size and composition of the contributed equity and borrowings of the …

Loans payable are financial liabilities, other than short-term trade payables on normal credit terms. …

A related party is a person or entity that is related to the entity that is preparing its financial statements (the reporting entity): (a) a person or a close member of that person’s family is related to a reporting entity if that person: (i) is a member …