Indian Accounting Standard (Ind AS) 7

Statement of Cash Flows#

(This Indian Accounting Standard includes paragraphs set in bold type and plain
type, which have equal authority. Paragraphs in bold type indicate the main
principles.)

Objective
Information about the cash flows of an entity is useful in providing users of
financial statements with a basis to assess the ability of the entity to
generate cash and cash equivalents and the needs of the entity to utilise
those cash flows. The economic decisions that are taken by users require an
evaluation of the ability of an entity to generate cash and cash equivalents
and the timing and certainty of their generation.
The objective of this Standard is to require the provision of information about
the historical changes in cash and cash equivalents of an entity by means of
a statement of cash flows which classifies cash flows during the period from
operating, investing and financing activities.

Scope
1 An entity shall prepare a statement of cash flows in accordance
with the requirements of this Standard and shall present it as an
integral part of its financial statements for each period for which
financial statements are presented.
2 [Refer Appendix 1]
3 Users of an entity’s financial statements are interested in how the
entity generates and uses cash and cash equivalents. This is the case
regardless of the nature of the entity’s activities and irrespective of
whether cash can be viewed as the product of the entity, as may be
the case with a financial institution. Entities need cash for essentially
the same reasons however different their principal revenue-producing
activities might be. They need cash to conduct their operations, to pay
their obligations, and to provide returns to their investors. Accordingly,

# This Ind AS was notified vide G.S.R. 111(E) dated 16th February, 2015 and was
amended vide Notification No. G.S.R. 258(E) dated 17th March, 2017 and G.S.R.
273(E) dated 30th March, 2019.
 Ind AS 7, Statement of Cash Flows

this Standard requires all entities to present a statement of cash flows.

Benefits of cash flow information

4 A statement of cash flows, when used in conjunction with the rest of
the financial statements, provides information that enables users to
evaluate the changes in net assets of an entity, its financial structure
(including its liquidity and solvency) and its ability to affect the
amounts and timing of cash flows in order to adapt to changing
circumstances and opportunities. Cash flow information is useful in
assessing the ability of the entity to generate cash and cash
equivalents and enables users to develop models to assess and
compare the present value of the future cash flows of different entities.
It also enhances the comparability of the reporting of operating
performance by different entities because it eliminates the effects of
using different accounting treatments for the same transactions and
events.
5 Historical cash flow information is often used as an indicator of the
amount, timing and certainty of future cash flows. It is also useful in
checking the accuracy of past assessments of future cash flows and in
examining the relationship between profitability and net cash flow and
the impact of changing prices.

Definitions
6 The following terms are used in this Standard with the meanings
specified:
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 value.
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 activities.
Investing activities are the acquisition and disposal of long-term
 Ind AS 7, Statement of Cash Flows

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
entity.
Cash and cash equivalents
7 Cash equivalents are held for the purpose of meeting short-term cash
commitments rather than for investment or other purposes. For an
investment to qualify as a cash equivalent it must be readily
convertible to a known amount of cash and be subject to an
insignificant risk of changes in value. Therefore, an investment
normally qualifies as a cash equivalent only when it has a short
maturity of, say, three months or less from the date of acquisition.
Equity investments are excluded from cash equivalents unless they
are, in substance, cash equivalents, for example in the case of
preference shares acquired within a short period of their maturity and
with a specified redemption date.
8 Bank borrowings are generally considered to be financing activities.
However, where bank overdrafts which are repayable on demand form
an integral part of an entity's cash management, bank overdrafts are
included as a component of cash and cash equivalents. A
characteristic of such banking arrangements is that the bank balance
often fluctuates from being positive to overdrawn.
9 Cash flows exclude movements between items that constitute cash or
cash equivalents because these components are part of the cash
management of an entity rather than part of its operating, investing
and financing activities. Cash management includes the investment of
excess cash in cash equivalents.

Presentation of a statement of cash flows

10 The statement of cash flows shall report cash flows during the
period classified by operating, investing and financing activities.
11 An entity presents its cash flows from operating, investing and
financing activities in a manner which is most appropriate to its
business. Classification by activity provides information that allows
users to assess the impact of those activities on the financial position
of the entity and the amount of its cash and cash equivalents. This
 Ind AS 7, Statement of Cash Flows

information may also be used to evaluate the relationships among

those activities.
12 A single transaction may include cash flows that are classified
differently. For example, when the instalment paid in respect of an
item of Property, Plant and Equipment acquired on deferred payment
basis includes interest, the interest element is classified under
financing activities and the loan element is classified under investing
activities.
Operating activities
13 The amount of cash flows arising from operating activities is a key
indicator of the extent to which the operations of the entity have
generated sufficient cash flows to repay loans, maintain the operating
capability of the entity, pay dividends and make new investments
without recourse to external sources of financing. Information about
the specific components of historical operating cash flows is useful, in
conjunction with other information, in forecasting future operating cash
flows.
14 Cash flows from operating activities are primarily derived from the
principal revenue-producing activities of the entity. Therefore, they
generally result from the transactions and other events that enter into
the determination of profit or loss. Examples of cash flows from
operating activities are:
(a) cash receipts from the sale of goods and the rendering of
services;
(b) cash receipts from royalties, fees, commissions and other
revenue;
(c) cash payments to suppliers for goods and services;
(d) cash payments to and on behalf of employees;
(e) cash receipts and cash payments of an insurance entity for
premiums and claims, annuities and other policy benefits;
(f) cash payments or refunds of income taxes unless they can be
specifically identified with financing and investing activities; and
(g) cash receipts and payments from contracts held for dealing or
trading purposes.
Some transactions, such as the sale of an item of plant, may give rise
 Ind AS 7, Statement of Cash Flows

to a gain or loss that is included in recognised profit or loss. The cash

flows relating to such transactions are cash flows from investing
activities. However, cash payments to manufacture or acquire assets
held for rental to others and subsequently held for sale as described in
paragraph 68A of Ind AS 16, Property, Plant and Equipment, are cash
flows from operating activities. The cash receipts from rents and
subsequent sales of such assets are also cash flows from operating
activities.
15 An entity may hold securities and loans for dealing or trading
purposes, in which case they are similar to inventory acquired
specifically for resale. Therefore, cash flows arising from the purchase
and sale of dealing or trading securities are classified as operating
activities. Similarly, cash advances and loans made by financial
institutions are usually classified as operating activities since they
relate to the main revenue-producing activity of that entity.
Investing activities
16 The separate disclosure of cash flows arising from investing activities
is important because the cash flows represent the extent to which
expenditures have been made for resources intended to generate
future income and cash flows. Only expenditures that result in a
recognized asset in the balance sheet are eligible for classification as
investing activities. Examples of cash flows arising from investing
activities are:
(a) cash payments to acquire property, plant and equipment,
intangibles and other long-term assets. These payments include
those relating to capitalised development costs and self-
constructed property, plant and equipment;
(b) cash receipts from sales of property, plant and equipment,
intangibles and other long-term assets;
(c) cash payments to acquire equity or debt instruments of other
entities and interests in joint ventures (other than payments for
those instruments considered to be cash equivalents or those
held for dealing or trading purposes);
(d) cash receipts from sales of equity or debt instruments of other
entities and interests in joint ventures (other than receipts for
 Ind AS 7, Statement of Cash Flows

those instruments considered to be cash equivalents and those

held for dealing or trading purposes);
(e) cash advances and loans made to other parties (other than
advances and loans made by a financial institution);
(f) cash receipts from the repayment of advances and loans made
to other parties (other than advances and loans of a financial
institution);
(g) cash payments for futures contracts, forward contracts, option
contracts and swap contracts except when the contracts are
held for dealing or trading purposes, or the payments are
classified as financing activities; and
(h) cash receipts from futures contracts, forward contracts, option
contracts and swap contracts except when the contracts are
held for dealing or trading purposes, or the receipts are
classified as financing activities.
When a contract is accounted for as a hedge of an identifiable position
the cash flows of the contract are classified in the same manner as the
cash flows of the position being hedged.

Financing activities
17 The separate disclosure of cash flows arising from financing activities
is important because it is useful in predicting claims on future cash
flows by providers of capital to the entity. Examples of cash flows
arising from financing activities are:
(a) cash proceeds from issuing shares or other equity instruments;
(b) cash payments to owners to acquire or redeem the entity’s
shares;
(c) cash proceeds from issuing debentures, loans, notes, bonds,
mortgages and other short-term or long-term borrowings;
(d) cash repayments of amounts borrowed; and
(e) 1cash payments by a lessee for the reduction of the outstanding
liability relating to a lease.

1
Substituted vide Notification No. G.S.R. 273(E) dated 30th March, 2019.
 Ind AS 7, Statement of Cash Flows

Reporting cash flows from operating activities

18 An entity shall report cash flows from operating activities using
either:
(a) the direct method, whereby major classes of gross cash
receipts and gross cash payments are disclosed; or
(b) the indirect method, whereby profit or loss is adjusted for
the effects of transactions of a non-cash nature, any
deferrals or accruals of past or future operating cash
receipts or payments, and items of income or expense
associated with investing or financing cash flows.
19 Entities are encouraged to report cash flows from operating activities
using the direct method. The direct method provides information which
may be useful in estimating future cash flows and which is not
available under the indirect method. Under the direct method,
information about major classes of gross cash receipts and gross cash
payments may be obtained either:
(a) from the accounting records of the entity; or
(b) by adjusting sales, cost of sales (interest and similar income
and interest expense and similar charges for a financial
institution) and other items in the statement of profit and loss
for:
(i) changes during the period in inventories and operating
receivables and payables;
(ii) other non-cash items; and
(iii) other items for which the cash effects are investing or
financing cash flows.
20 Under the indirect method, the net cash flow from operating activities
is determined by adjusting profit or loss for the effects of:
(a) changes during the period in inventories and operating
receivables and payables;
(b) non-cash items such as depreciation, provisions, deferred
taxes, unrealised foreign currency gains and losses, and
undistributed profits of associates; and
 Ind AS 7, Statement of Cash Flows

(c) all other items for which the cash effects are investing or
financing cash flows.
Alternatively, the net cash flow from operating activities may be
presented under the indirect method by showing the revenues and
expenses disclosed in the statement of profit and loss and the
changes during the period in inventories and operating receivables
and payables.

Reporting cash flows from investing and

financing activities
21 An entity shall report separately major classes of gross cash
receipts and gross cash payments arising from investing and
financing activities, except to the extent that cash flows
described in paragraphs 22 and 24 are reported on a net basis.

Reporting cash flows on a net basis

22 Cash flows arising from the following operating, investing or
financing activities may be reported on a net basis:
(a) cash receipts and payments on behalf of customers when
the cash flows reflect the activities of the customer rather
than those of the entity; and
(b) cash receipts and payments for items in which the turnover
is quick, the amounts are large, and the maturities are
short.
23 Examples of cash receipts and payments referred to in paragraph
22(a) are:
(a) the acceptance and repayment of demand deposits of a bank;
(b) funds held for customers by an investment entity; and
(c) rents collected on behalf of, and paid over to, the owners of
properties.
23A Examples of cash receipts and payments referred to in paragraph
22(b) are advances made for, and the repayment of:
(a) principal amounts relating to credit card customers;
(b) the purchase and sale of investments; and
 Ind AS 7, Statement of Cash Flows

(c) other short-term borrowings, for example, those which have a

maturity period of three months or less.
24 Cash flows arising from each of the following activities of a
financial institution may be reported on a net basis:
(a) cash receipts and payments for the acceptance and
repayment of deposits with a fixed maturity date;
(b) the placement of deposits with and withdrawal of deposits
from other financial institutions; and
(c) cash advances and loans made to customers and the
repayment of those advances and loans.

Foreign currency cash flows

25 Cash flows arising from transactions in a foreign currency shall
be recorded in an entity’s functional currency by applying to the
foreign currency amount the exchange rate between the
functional currency and the foreign currency at the date of the
cash flow.
26 The cash flows of a foreign subsidiary shall be translated at the
exchange rates between the functional currency and the foreign
currency at the dates of the cash flows.
27 Cash flows denominated in a foreign currency are reported in a
manner consistent with Ind AS 21, The Effects of Changes in Foreign
Exchange Rates. This permits the use of an exchange rate that
approximates the actual rate. For example, a weighted average
exchange rate for a period may be used for recording foreign currency
transactions or the translation of the cash flows of a foreign subsidiary.
However, Ind AS 21 does not permit use of the exchange rate at the
end of the reporting period when translating the cash flows of a foreign
subsidiary.
28 Unrealised gains and losses arising from changes in foreign currency
exchange rates are not cash flows. However, the effect of exchange
rate changes on cash and cash equivalents held or due in a foreign
currency is reported in the statement of cash flows in order to
reconcile cash and cash equivalents at the beginning and the end of
the period. This amount is presented separately from cash flows from
operating, investing and financing activities and includes the
 Ind AS 7, Statement of Cash Flows

differences, if any, had those cash flows been reported at end of

period exchange rates.
29 [Refer Appendix 1]
30 [Refer Appendix 1]

Interest and dividends

31 Cash flows from interest and dividends received and paid shall
each be disclosed separately. Cash flows arising from interest
paid and interest and dividends received in the case of a financial
institution should be classified as cash flows arising from
operating activities. In the case of other entities, cash flows
arising from interest paid should be classified as cash flows from
financing activities while interest and dividends received should
be classified as cash flows from investing activities. Dividends
paid should be classified as cash flows from financing activities.
32 The total amount of interest paid during a period is disclosed in the
statement of cash flows whether it has been recognised as an expense in
profit or loss or capitalised in accordance with Ind AS 23, Borrowing Costs.
33 Interest paid and interest and dividends received are usually classified as
operating cash flows for a financial institution. However, there is no
consensus on the classification of these cash flows for other entities.
Some argue that interest paid and interest and dividends received may be
classified as operating cash flows because they enter into the
determination of profit or loss. However, it is more appropriate that interest
paid and interest and dividends received are classified as financing cash
flows and investing cash flows respectively, because they are costs of
obtaining financial resources or returns on investments.
34 Some argue that dividends paid may be classified as a component of
cash flows from operating activities in order to assist users to
determine the ability of an entity to pay dividends out of operating cash
flows. However, it is considered more appropriate that dividends paid
should be classified as cash flows from financing activities because
they are cost of obtaining financial resources.

Taxes on income
35 Cash flows arising from taxes on income shall be separately
 Ind AS 7, Statement of Cash Flows

disclosed and shall be classified as cash flows from operating

activities unless they can be specifically identified with financing
and investing activities.
36 Taxes on income arise on transactions that give rise to cash flows that
are classified as operating, investing or financing activities in a
statement of cash flows. While tax expense may be readily identifiable
with investing or financing activities, the related tax cash flows are
often impracticable to identify and may arise in a different period from
the cash flows of the underlying transaction. Therefore, taxes paid are
usually classified as cash flows from operating activities. However,
when it is practicable to identify the tax cash flow with an individual
transaction that gives rise to cash flows that are classified as investing
or financing activities the tax cash flow is classified as an investing or
financing activity as appropriate. When tax cash flows are allocated
over more than one class of activity, the total amount of taxes paid is
disclosed.

Investments in subsidiaries, associates and joint

ventures
37 When accounting for an investment in an associate, a joint venture or
a subsidiary accounted for by use of the equity or cost method, an
investor restricts its reporting in the statement of cash flows to the
cash flows between itself and the investee, for example, to dividends
and advances.
38 An entity that reports its interest in an associate or a joint venture
using the equity method includes in its statement of cash flows the
cash flows in respect of its investments in the associate or joint
venture, and distributions and other payments or receipts between it
and the associate or joint venture.

Changes in ownership interests in subsidiaries

and other businesses
39 The aggregate cash flows arising from obtaining or losing control
of subsidiaries or other businesses shall be presented separately
and classified as investing activities.
 Ind AS 7, Statement of Cash Flows

40 An entity shall disclose, in aggregate, in respect of both obtaining

and losing control of subsidiaries or other businesses during the
period each of the following:
(a) the total consideration paid or received;
(b) the portion of the consideration consisting of cash and
cash equivalents;
(c) the amount of cash and cash equivalents in the subsidiaries
or other businesses over which control is obtained or lost;
and
(d) the amount of the assets and liabilities other than cash or
cash equivalents in the subsidiaries or other businesses
over which control is obtained or lost, summarised by each
major category.
40A An investment entity, as defined in Ind AS 110, Consolidated Financial
Statements, need not apply paragraphs 40(c) or 40(d) to an
investment in a subsidiary that is required to be measured at fair value
through profit or loss.
41 The separate presentation of the cash flow effects of obtaining or
losing control of subsidiaries or other businesses as single line items,
together with the separate disclosure of the amounts of assets and
liabilities acquired or disposed of, helps to distinguish those cash flows
from the cash flows arising from the other operating, investing and
financing activities. The cash flow effects of losing control are not
deducted from those of obtaining control.
42 The aggregate amount of the cash paid or received as consideration
for obtaining or losing control of subsidiaries or other businesses is
reported in the statement of cash flows net of cash and cash
equivalents acquired or disposed of as part of such transactions,
events or changes in circumstances.
42A Cash flows arising from changes in ownership interests in a subsidiary
that do not result in a loss of control shall be classified as cash flows
from financing activities, unless the subsidiary is held by an investment
entity, as defined in Ind AS 110, and is required to be measured at fair
value through profit or loss.
42B Changes in ownership interests in a subsidiary that do not result in a
loss of control, such as the subsequent purchase or sale by a parent
 Ind AS 7, Statement of Cash Flows

of a subsidiary’s equity instruments, are accounted for as equity

transactions (see Ind AS 110), unless the subsidiary is held by an
investment entity and is required to be measured at fair value through
profit or loss. Accordingly, the resulting cash flows are classified in the
same way as other transactions with owners described in paragraph
17.

Non-cash transactions
43 Investing and financing transactions that do not require the use
of cash or cash equivalents shall be excluded from a statement of
cash flows. Such transactions shall be disclosed elsewhere in the
financial statements in a way that provides all the relevant
information about these investing and financing activities.
44 Many investing and financing activities do not have a direct impact on
current cash flows although they do affect the capital and asset
structure of an entity. The exclusion of non-cash transactions from the
statement of cash flows is consistent with the objective of a statement
of cash flows as these items do not involve cash flows in the current
period. Examples of non-cash transactions are:
(a) 2the acquisition of assets either by assuming directly related
liabilities or by means of a lease;
(b) the acquisition of an entity by means of an equity issue; and
(c) the conversion of debt to equity.

Changes in liabilities arising from financing

3

activities
44A An entity shall provide disclosures that enable users of financial
statements to evaluate changes in liabilities arising from
financing activities, including both changes arising from cash
flows and non-cash changes.
44B To the extent necessary to satisfy the requirement in paragraph 44A,

2
Substituted vide Notification No. G.S.R. 273(E) dated 30th March, 2019.
3 Heading and paragraphs 44A-44E inserted vide Notification No. G.S.R. 258(E)
dated 17th March, 2017.
 Ind AS 7, Statement of Cash Flows

an entity shall disclose the following changes in liabilities arising from

financing activities:
(a) changes from financing cash flows;
(b) changes arising from obtaining or losing control of subsidiaries
or other businesses;
(c) the effect of changes in foreign exchange rates;
(d) changes in fair values; and
(e) other changes.
44C Liabilities arising from financing activities are liabilities for which cash
flows were, or future cash flows will be, classified in the statement of
cash flows as cash flows from financing activities. In addition, the
disclosure requirement in paragraph 44A also applies to changes in
financial assets (for example, assets that hedge liabilities arising from
financing activities) if cash flows from those financial assets were, or
future cash flows will be, included in cash flows from financing
activities.
44D One way to fulfil the disclosure requirement in paragraph 44A is by
providing a reconciliation between the opening and closing balances in
the balance sheet for liabilities arising from financing activities,
including the changes identified in paragraph 44B. Where an entity
discloses such a reconciliation, it shall provide sufficient information to
enable users of the financial statements to link items included in the
reconciliation to the balance sheet and the statement of cash flows.
44E If an entity provides the disclosure required by paragraph 44A in
combination with disclosures of changes in other assets and liabilities,
it shall disclose the changes in liabilities arising from financing
activities separately from changes in those other assets and liabilities.

Components of cash and cash equivalents

45 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 balance sheet.
46 In view of the variety of cash management practices and banking
arrangements around the world and in order to comply with Ind AS 1,
 Ind AS 7, Statement of Cash Flows

Presentation of Financial Statements, an entity discloses the policy

which it adopts in determining the composition of cash and cash
equivalents.
47 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 Ind AS 8,
Accounting Policies, Changes in Accounting Estimates and Errors.

Other disclosures
48 An entity shall disclose, together with a commentary by
management, the amount of significant cash and cash equivalent
balances held by the entity that are not available for use by the
group4.
49 There are various circumstances in which cash and cash equivalent
balances held by an entity are not available for use by the group5.
Examples include cash and cash equivalent balances held by a
subsidiary that operates in a country where exchange controls or other
legal restrictions apply when the balances are not available for general
use by the parent or other subsidiaries.
50 Additional information may be relevant to users in understanding the
financial position and liquidity of an entity. Disclosure of this
information, together with a commentary by management, is
encouraged and may include:
(a) the amount of undrawn borrowing facilities that may be available
for future operating activities and to settle capital commitments,
indicating any restrictions on the use of these facilities;
(b) [Refer Appendix 1]
(c) the aggregate amount of cash flows that represent increases in
operating capacity separately from those cash flows that are
required to maintain operating capacity; and
(d) the amount of the cash flows arising from the operating,

4 The requirements shall be equally applicable to the entities in case of separate

financial statements also.
5 Ibid.
 Ind AS 7, Statement of Cash Flows

investing and financing activities of each reportable segment

(see Ind AS 108, Operating Segments).
51 The separate disclosure of cash flows that represent increases in
operating capacity and cash flows that are required to maintain
operating capacity is useful in enabling the user to determine whether
the entity is investing adequately in the maintenance of its operating
capacity. An entity that does not invest adequately in the maintenance
of its operating capacity may be prejudicing future profitability for the
sake of current liquidity and distributions to owners.
52 The disclosure of segmental cash flows enables users to obtain a
better understanding of the relationship between the cash flows of the
business as a whole and those of its component parts and the
availability and variability of segmental cash flows.

6 Effective date
53-58 [Refer Appendix 1]
59 7Ind 116, Leases, amended paragraphs 17 and 44. An entity shall
apply those amendments when it applies Ind AS 116.
60 Paragraphs 44A–44E have been added. When the entity first applies
these amendments, it is not required to provide comparative
information for preceding periods. An entity shall apply those
amendments for annual periods beginning on or after 1 April, 2017.

6 Heading and paragraphs 53-60 inserted vide Notification No. G.S.R. 258(E) dated
17th March, 2017.
7
Substituted vide Notification No. G.S.R. 273(E) dated 30th March, 2019.
 Ind AS 7, Statement of Cash Flows

Appendix 1
Note: This Appendix is not a part of the Indian Accounting Standard. The
purpose of this Appendix is only to bring out the major differences, if any, between
Indian Accounting Standard (Ind AS) 7 and the corresponding International
Accounting Standard (IAS) 7, Statement of Cash Flows, issued by the International
Accounting Standards Board.

Comparison with IAS 7, Statement of Cash Flows

Ind AS 7 differs from International Accounting Standard (IAS) 7, Statement of
Cash Flows, in the following major respects:
1. In case of other than financial entities, IAS 7 gives an option to classify
the interest paid and interest and dividends received as item of
operating cash flows. Ind AS 7 does not provide such an option and
requires these item to be classified as item of financing activity and
investing activity, respectively (refer to the paragraph 33).
2. IAS 7 gives an option to classify the dividend paid as an item of
operating activity. However, Ind AS 7 requires it to be classified as a
part of financing activity only (refer paragraph 34).
3. Different terminology is used in this standard, eg, the term ‘balance
sheet’ is used instead of ‘Statement of financial position’ and
‘Statement of profit and loss’ is used instead of ‘Statement of
comprehensive income’.
4. Paragraph 2 of IAS 7 which states that IAS 7 supersedes the earlier
version IAS 7 is deleted in Ind AS 7 as this is not relevant in Ind AS 7.
However, paragraph number 2 is retained in Ind AS 7 to maintain
consistency with paragraph numbers of IAS 7.
5. The following paragraph numbers appear as ‘Deleted’ in IAS 7. In
order to maintain consistency with paragraph numbers of IAS 7, the
paragraph numbers are retained in Ind AS 7:
(i) paragraph 29
(ii) paragraph 30
(iii) paragraph 50(b)
 Ind AS 7, Statement of Cash Flows

6. 8Paragraphs 53-58 of IAS 7 have not been included in Ind AS 7 as

these paragraphs relate to Effective Date. However, in order to
maintain consistency with paragraph numbers of IAS 7, these
paragraph numbers are retained in Ind AS 7.

8 Inserted vide Notification No. G.S.R. 258(E) dated 17th March, 2017 and,
thereafter, substituted vide Notification No. G.S.R. 273(E) dated 30th March, 2019.