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What is the difference between Cashflow Statement Layout under UK GAAP & FRS102?

Article ID
kba-03315
Article Name
What is the difference between Cashflow Statement Layout under UK GAAP & FRS102?
Created Date
12th September 2014
Product
Problem
What is the difference between the Cashflow Statement Layout for Accounts produced under UK GAAP and FRS102?
Resolution

From version 11.7 users are able to generate a set of Accounts using the new FRS102 format. This is mandatory for periods starting on or after 1st January 2015.

Under UK GAAP the cash flow statement contains 9 categories whereas under FRS 102 there are only 3. Please see below the different categories:

UK GAAP:

1. Cash flows from operating activity
2. Dividends from joint ventures and associates
3. Returns on investment and servicing of finance
4. Taxation
5. Capital expenditure and financial investment
6. Acquisitions and disposals
7. Equity dividends paid
8. Management of liquid resources
9. Financing

 An FRS 102 statement of Cashflow shows the movements on cash and cash equivalents.
FRS 102:

1. Operating activities
Operating activities includes the following headings from a UK GAAP Cashflow; Cashflows from operating activity, Dividends from joint ventures and associates, Returns on investment and servicing of finance and Taxation.

2. Investing activities
Investing activities includes the following headings from a UK GAAP Cash flow; Capital expenditure and financial investment and Acquisitions and disposals.

3. Financing activities
Financing activities include the following headings from a UK GAAP Cash flow; Equity dividends paid, Management of liquid resources and Financing.

For further details regarding FRS 102 please visit the following website: https://frc.org.uk/

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