The Handbook to IFRS Transition and to IFRS U.S. GAAP Dual Reporting

5.7 CAPTIONS AND LINE ITEMS

5.7.1 Minimum Line Items and Separate Presentation

In addition to the mandatory threefold classification of cash flows (see Paragraph 5.5.1 previously), accounting pronouncements dictate some additional presentation content. Both IAS 7 and Subtopic 230-10 (FASB Statement No. 95) indicate certain items to be displayed separately.

Comment: Unlike IFRSs, Subtopic 230-10 (FASB Statement No. 95) also indicates a minimum content under the direct method.

Diverse practice exists about the length of the statement of cash flows. A survey reports that IFRS companies in 2006 presented statements of cash flows containing between 14 and 86 items, with an average of about 36.512 Exhibits 5.4 to 5.7 list the major items of the statement of cash flows. This is not a comprehensive inventory because it comprises only items that accounting pronouncements mention. They also show items for which separate presentation is required. Exhibit 5-11 lists items relating to certain specialized industries.

Exhibit 5-11 Examples of Items of the Statement of Cash Flows Specific to Certain Specialized Industries

Banks and Other Financial Institutions
IFRSs	U.S. GAAP and SEC Guidance1
Cash flows from operating activities2
Interest and commissions received3	Fees and commissions received4
Interest paid5	Interest paid6
Dividends received7 Recoveries of loans previously written off8 Cash flows relating to deposits held for regulatory and monetary control ...