Cash flows from current operations. II. Classification of cash flows Examples of cash flows from current operations are

The section contains indicators characterizing the receipts and disposals of assets related to the main activities of the organization:

1. Income:

Rent, license payments, commissions and other payments;

From interest on purchase agreements of buyers (customers);

From resale of financial investments;

Other (including positive final balance for VAT).

2. Payments:

On remuneration of employees;

Income tax;

Interest on debt obligations (except for interest taken into account in the value of investment assets);

Other (including negative final balance for VAT).

3. Balance of cash flows from current operations (receipts from current operations minus payments for current operations).

Section Cash flows from investment operations - reflect cash flows associated with investment activities - the acquisition, creation or disposal of non-current assets.

Cash flows from investment operations:

Payments to suppliers (contractors) and employees in connection with the acquisition, creation, modernization, reconstruction and preparation for use of non-current assets, incl. R&D costs;

Payment of interest on debt obligations included in the value of investment assets in accordance with PBU 15/2008;

Proceeds from the sale of non-current assets;

Payments (receipts) in connection with the acquisition of shares (participatory interests) in other organizations, with the exception of financial investments acquired for the purpose of resale in the short term;

Providing (repaying) loans to other persons;

Payments (receipts) for the acquisition (sale) of debt securities, except for financial investments acquired for the purpose of resale in the short term;

Dividends and similar income from equity participation in other organizations;

Receipts of interest on debt financial investments, with the exception of those acquired for the purpose of resale in the short term.

Section Cash flows from financial transactions - the amounts of cash flows associated with raising financing on a debt or equity basis are reflected. Such operations entail changes in structure and size:

Capital of the organization;

Borrowed funds of the organization.

Cash flows from financial transactions:

Cash contributions from owners (participants), proceeds from the issue of shares, increases in participation interests;

Payments to owners (participants) in connection with the repurchase of shares (participatory interests) of the organization from them or their withdrawal from the membership;

Payment of dividends and other payments for the distribution of profits in favor of owners (participants);

Proceeds from the issue of bonds, bills and other debt securities;

Payments in connection with the redemption (redemption) of bills and other debt securities;

Receiving credits and loans from other persons;

Repayment of loans and borrowings received from other persons.

8. An organization's cash flows are classified depending on the nature of the transactions with which they are associated, as well as on how information about them is used to make decisions by users of the organization's financial statements.

9. An organization's cash flows from transactions related to the organization's ordinary activities that generate revenue are classified as cash flows from current operations. Cash flows from current operations are usually associated with the formation of profit (loss) of the organization from sales.

Information on cash flows from current operations shows users of the organization's financial statements the level of provision of the organization with funds sufficient to repay loans, maintain the organization's activities at the level of existing production volumes, pay dividends and new investments without attracting external sources of financing. Information about the composition of cash flows from current operations in previous periods, combined with other information presented in the entity's financial statements, provides the basis for forecasting future cash flows from current operations.

Examples of cash flows from current operations are:

a) proceeds from the sale of products and goods to buyers (customers), performance of work, provision of services;

B) receipts of rental payments, royalties, commissions and other similar payments;

c) payments to suppliers (contractors) for raw materials, materials, work, services;

D) remuneration of the organization’s employees, as well as payments in their favor to third parties;

E) payments of corporate income tax (except for cases where corporate income tax is directly related to cash flows from investment or financial transactions);

E) payment of interest on debt obligations, with the exception of interest included in the cost of investment assets in accordance with the Accounting Regulations “Accounting for expenses on loans and credits” (PBU 15/2008), approved by Order of the Ministry of Finance of the Russian Federation dated October 6, 2008 . N 107n (registered with the Ministry of Justice of the Russian Federation on October 27, 2008, registration number 12523) as amended by Orders of the Ministry of Finance of the Russian Federation dated October 25, 2010 N 132n (registered with the Ministry of Justice of the Russian Federation on November 25, 2010, registration number 19048), dated November 8, 2010 N 144n (registered with the Ministry of Justice of the Russian Federation on December 1, 2010, registration number 19088) (hereinafter referred to as PBU 15/2008);

G) receipt of interest on receivables from buyers (customers);

H) cash flows on financial investments acquired for the purpose of resale in the short term (usually within three months).

10. Cash flows of an organization from transactions related to the acquisition, creation or disposal of non-current assets of the organization are classified as cash flows from investment transactions.

Information on cash flows from investment transactions shows users of the organization's financial statements the level of the organization's expenses incurred to acquire or create non-current assets that provide cash flows in the future.

Examples of cash flows from investment transactions are:

A) payments to suppliers (contractors) and employees of the organization in connection with the acquisition, creation, modernization, reconstruction and preparation for use of non-current assets, including costs of research, development and technological work;

B) payment of interest on debt obligations included in the value of investment assets in accordance with PBU 15/2008;

c) proceeds from the sale of non-current assets;

D) payments in connection with the acquisition of shares (participatory interests) in other organizations, with the exception of financial investments acquired for the purpose of resale in the short term;

E) proceeds from the sale of shares (participatory interests) in other organizations, with the exception of financial investments acquired for the purpose of resale in the short term;

f) providing loans to other persons;

G) repayment of loans provided to other persons;

H) payments in connection with the acquisition of debt securities (rights to claim funds against other persons), with the exception of financial investments acquired for the purpose of resale in the short term;

I) proceeds from the sale of debt securities (rights to claim funds against other persons), with the exception of financial investments acquired for the purpose of resale in the short term;

K) dividends and similar income from equity participation in other organizations;

K) receipts of interest on debt financial investments, with the exception of those acquired for the purpose of resale in the short term.

11. An organization’s cash flows from operations related to the organization’s attraction of financing on a debt or equity basis, leading to a change in the size and structure of the organization’s capital and borrowings, are classified as cash flows from financial transactions.

Information about cash flows from financial transactions provides the basis for forecasting the claims of creditors and shareholders (participants) in relation to the organization's future cash flows, as well as the organization's future needs for raising debt and equity financing.

The cash flow statement is a summary of cash and cash equivalents.

Cash equivalents are highly liquid investments that can be easily converted into a known amount of cash and are subject to an insignificant risk of changes in value. For example, demand deposits opened in credit institutions, promissory notes of Sberbank of the Russian Federation (maturity period 3 months or less).

The cash flow statement reflects cash flows (payments to the organization and receipts of cash and cash equivalents to the organization) and balances of cash and cash equivalents at the beginning and end of the reporting period.

The organization's cash flows are not:

a) payments of funds related to their investment in cash equivalents;

b) cash receipts from the repayment of cash equivalents (excluding accrued interest);

c) foreign exchange transactions (excluding losses or benefits from the transaction);

d) exchange of some cash equivalents for other cash equivalents (excluding losses or benefits from the transaction);

e) other similar payments to the organization and receipts to the organization that change the composition of cash or cash equivalents, but do not change their total amount, including receiving cash from a bank account, transferring funds from one account of the organization to another account of the same organization.

The organization's cash flows are divided into cash flows from current, investment and financial operations.

An entity's cash flows from transactions related to the entity's ordinary activities that generate revenue are classified as: cash flows from current operations.

Cash flows from current operations are usually associated with the formation of profit (loss) of the organization from sales.

Information on cash flows from current operations shows users of the organization's financial statements the level of provision of the organization with funds sufficient to repay loans, maintain the organization's activities at the level of existing production volumes, pay dividends and new investments without attracting external sources of financing.

Table - Cash flows from current operations

Cash flows of an organization from transactions related to the acquisition, creation or disposal of non-current assets of the organization are classified as cash flows from investment operations.

Information on cash flows from investment transactions shows users of the organization's financial statements the level of the organization's expenses incurred to acquire or create non-current assets that provide cash flows in the future.

Table - Cash flows from investment operations

An organization's cash flows from operations related to the organization's attraction of financing on a debt or equity basis, leading to changes in the size and structure of the organization's capital and borrowings, are classified as cash flows from financial transactions.

Information about cash flows from financial transactions provides the basis for forecasting the claims of creditors and shareholders (participants) in relation to the organization's future cash flows, as well as the organization's future needs for raising debt and equity financing.

Table - Cash flows from financial transactions

Payments and receipts from the same transaction may be different types of cash flows. For example, payment of interest is cash flow from current operations, and repayment of principal is cash flow from financing operations. When repaying a loan in cash, both of these parts can be paid in one amount. In this case, the organization divides a single amount into appropriate parts, followed by separate classification of cash flows and their separate reflection in the cash flow statement.

Cashflows are reflected in the traffic report monetaryfunds collapsed:

Firstly, in cases where they characterize not so much the activities of the organization as the activities of its counterparties, and (or) when receipts from some persons determine corresponding payments to other persons. Examples of such cash flows are:

a) cash flows of the commission agent or agent V connection with their provision of commission or agency services (except for fees for the services themselves);

b) indirect taxes as part of receipts from buyers and customers, payments to suppliers and contractors and payments to the budget system of the Russian Federation or reimbursement from it;

c) receipts from the counterparty for reimbursement of utility bills and making these payments in rental and other similar relationships;

d) payment for transportation of goods with receipt of equivalent compensation from the counterparty.

Secondly, cash flows are reflected in the cash flow statement on a net basis V cases where they are characterized by fast turnover, large amounts and short return periods. Examples of such cash flows are:

a) mutually determined payments and receipts for settlements using bank cards;

b) purchase and resale of financial investments;

c) making short-term (usually up to three months) financial investments using borrowed funds.

For example. In 2011, the organization received VAT in the amount of 175 million rubles as part of funds from buyers, and paid VAT in the amount of 125 million rubles as part of payments to sellers. In addition, the company transferred VAT to the budget in the amount of 40 million rubles. and received a VAT refund from the budget in the amount of 15 million rubles. These flows will contribute RUB 25 million to the cash flow statement. (175 - 125 - 40 + 15) as other income from current operations (line code - 4113).

The indicators of the organization's cash flow statement are reflected in the currency of the Russian Federation - rubles.

The amount of cash flows in foreign currency is converted into rubles at the official exchange rate of this foreign currency to the ruble, established by the Central Bank of the Russian Federation on the date of payment or receipt. If there is an insignificant change in the official exchange rate of a foreign currency to the ruble, recalculation can be made at the average rate calculated for a month or a shorter period.

The difference arising in connection with the recalculation of cash flows at rates for different dates is reflected in the statement of cash flows separately as the impact of changes in the exchange rate of foreign currency against the ruble.

When compiling a cash flow statement, information on the following accounts is used:

“Cash desk” (except for subaccount 3 “Cash documents”);

"Current accounts";

"Currency accounts";

55 “Special bank accounts”;

"Translations on the way";

"Financial investments".

The Financial Department continues to improve the legal regulation of accounting and reporting. And if previously documents related specifically to accounting were approved, this time, by Order No. 11n dated 02.02.2011, the Ministry of Finance of Russia approved the Regulations establishing the rules for reporting. We are talking about the Accounting Regulations "" (PBU 23/2011). This is an analogue of IAS 7 Statements of Cash Flows, although a complete parallel cannot be drawn between the two documents.
Profit on paper is good! But its mere presence in the reporting does not mean that the company has. The opposite situation may also occur: there is a loss on the balance sheet, but the company has money.
Information on cash flow will help clarify the situation.
In our Russian reporting, it is presented in the form of a cash flow statement (hereinafter referred to as the DDS report). Before the adoption of the commented Order, this report should have been drawn up taking into account PBU 4/99 “Accounting statements of an organization” and the Instructions on the procedure for drawing up and presenting financial statements (approved by Order of the Ministry of Finance of Russia dated July 22, 2003 N 67n). Now, accountants of commercial companies (with the exception of credit companies) will have to be guided by PBU 4/99, Order of the Ministry of Finance of Russia dated July 2, 2010 N 66n “On the forms of financial statements of organizations” (it was he who approved the reporting forms used since 2011) and the still commented PBU 23/2011 (clauses 1 and 4).
True, PBU 23/2011 applies to cases where the preparation, and (or) presentation, and (or) publication of a report on DDS is provided for by law and regulatory documents.
Thus, state (municipal) institutions have their own reporting rules and forms that differ from those established for commercial organizations. This means that PBU 23/2011 is not a guiding document for public sector employees.
Small businesses in the Appendices to the balance sheet and profit and loss statement, including the DDS report, provide only the most important information, without knowledge of which it is impossible to assess the financial position of the company or the financial results of its activities. In this case, the organization may not completely follow the rules of PBU 23/2011.
At the same time, small businesses have the right to prepare financial statements in accordance with the general procedure (clause 6 of Order of the Ministry of Finance of Russia dated July 2, 2010 N 66n). And if the company decides to voluntarily compile and publish such a report, then the information reflected in such a report must meet the requirements established by the commented document. PBU 23/2011 is not an instruction for the preparation of “internal” reporting of companies, as well as for the preparation of reports to statistical authorities and for banks.
PBU 23/2011 defines the requirements:
- to compile data on cash and highly liquid financial investments (cash equivalents) of companies in the DDS report;
- to the classification of cash flows;
- to reflect cash flows by areas of activity;
- to the disclosure of information on the composition of cash and cash equivalents in the financial statements of companies.
The commented Order is effective from the financial statements of 2011.

General provisions

Many managers ignore the DDS report, preferring the usual balance sheet and profit and loss statement. But these reporting forms reflect to a greater extent the change in the state of the company’s property due to the accumulation of profit received in the reporting period (the formation of a loss). Information about cash flow that affects balance sheet indicators is not recorded in the profit and loss statement. This minus is made up for by the DDS report.
The information contained in it is needed to assess the company’s ability to fulfill its obligations to creditors, pay dividends, finance investments, attract additional funds from outside and in other cases.
With the adoption of PBU 23/2011, Russian accountants and other representatives of financial management who have not previously encountered the transformation of domestic reporting into IFRS 7 will have to get used to concepts such as “cash equivalents” and “cash flows”.
Cash equivalents- These are highly liquid financial investments that can be easily converted into a known amount of cash and are subject to an insignificant risk of changes in value. Examples of cash equivalents include bank demand deposits, bank overdrafts (payable on demand), short-term government securities with a maturity of up to three months (for example, federal loan bonds (OFZ), Bank of Russia bonds (OBR)), bills, etc. .d.
Cash flows- this is the movement of money received and spent by the company in cash and non-cash form, as well as the movement of cash equivalents.
The organization's cash flows are not:
- cash payments related to investing them in cash equivalents (purchase of shares, bonds, etc.);
- receipts of money from the repayment of cash equivalents (except for accrued interest);
- currency exchange (excluding losses or benefits from the transaction);
- exchange of some cash equivalents for other cash equivalents (excluding losses or benefits from the transaction);
- other similar payments to the company and receipts to the company that change the composition of cash or cash equivalents, but do not change their total amount, including receiving cash from a bank account, transferring money from one company account to another account of the same organization.

Cash flow classification

The DDS report is generated by the direct method.
This means that the money paid by buyers and customers is reflected in the report in the amounts received in rubles at the cash desk, to the company’s current, foreign currency or other bank account.
As well as money paid by the company to suppliers, contractors, personnel from the cash register, as well as from current and other bank accounts, are reflected in the report in the amounts actually paid in cash and by non-cash transfers.
According to clause 7 of PBU 23/2011, in the DDS report, the movement of money should be classified according to the following areas of activity:
- current;
- investment;
- financial.
A company's cash flows are classified depending on the nature of the transactions with which they are associated, as well as how information about them is used to make decisions by users of the company's financial statements. Cash flows of any of the activities can be positive and negative.
Positive flows are the inflow of money into the company, negative flows are the outflow and expenditure of funds by the company.
Cash flows from current operations- This is the receipt and expenditure of money associated with the company's ordinary activities that generate revenue. As stated in paragraph 9 of PBU 23/2011, cash flows from current operations are usually associated with the formation of the company’s profit (loss) from sales.
Examples of cash flows from current operations are presented in Diagram 1.

Scheme 1

Data on funds received from buyers and customers is formed on the basis of debit turnover on cash accounting accounts, in particular accounts 50, 51, 52, 55 (except for subaccount 55-3 “Deposit accounts”) in correspondence with accounts 62 and 76 for reporting period. In this case, the amounts associated with payment for products (goods, works, services), including VAT, are selected.
Information on the expenditure of funds is generated on the basis of data for the reporting period on the credit of accounts 50, 51, 52, 55 in correspondence with the debit of accounts 60, 70, 76, 68, 69.

Example 1. In the first half of 2011, the organization received revenue from the sale of products and the provision of services in the amount of 1,770,000 rubles, including VAT of 270,000 rubles, an advance payment for the upcoming supply of products - 300,000 rubles, a bank loan in the amount of 200,000 rub.
The organization's expenses amounted to 1,800,000 rubles, including payment for raw materials - 800,000 rubles, wages with accruals - 670,000 rubles, payment for a network server - 70,000 rubles, payment of taxes - 260,000 rubles.
Of these receipts, cash flows from current operations include:
- 2,070,000 rub. (1,770,000 + 300,000) - from receipt of funds;
- 1,730,000 rub. (800,000 + 670,000 + 260,000) - from the expenditure of funds.

Information about cash flows from current operations should show users of financial statements the company's capabilities:
- provide money for activities at the level of existing production volumes;
- have money to repay loans;
- pay dividends;
- make new investments without attracting external sources of financing.
A company uses historical information, in combination with other information presented in its financial statements, to forecast future cash flows from current operations.
Cash flows from investment operations- this is the movement of money in transactions related to the acquisition, creation or disposal of non-current assets of the company.
Examples of cash flows from investment operations are presented in Diagram 2.

Scheme 2

Data on funds received from the sale of fixed assets and other non-current assets, from the sale of securities, are formed on the basis of the debit turnover indicators of accounts 50, 51, 52, 55 in correspondence with the credit of accounts 62 and 76. The amount of dividends actually received by the company is formed according to the debit turnover of accounts 50, 51, 52 in correspondence with accounts 91 and 76. Receipts from repayment of loans are formed according to the credit turnover of account 58, subaccount “Granted loans”, in correspondence with the debit of accounts 50, 51, 52.
Information on cash flows from investment transactions shows users of financial statements the amount of company costs associated with the acquisition or creation of non-current assets that provide cash flows in the future.

End of example 1. In the first half of 2011, cash flows from the company's investment operations should include 70,000 rubles associated with the acquisition of a fixed asset (network server). In the future, as depreciation accrues, its amounts will be included in sales revenue and provide cash flow to the company.

Cash flows from financial transactions- this is the movement of money from operations related to raising financing on a debt or equity basis, leading to a change in the size and structure of the company's capital and borrowed funds.
Examples of cash flows from financial transactions are presented in Diagram 3.

Scheme 3

Example 2. The company leased (financial lease) a car. Under the agreement, it pays the lessor the redemption price of the vehicle and leasing payments. In this situation, the payment of the principal amount of the debt (redemption value) refers to cash flows from financial transactions, and the payment of lease payments refers to cash flows from current operations.

Information on proceeds from the issue of shares and other equity securities is generated from the debit turnover of accounts 50, 51, 52 in correspondence with account 75, subaccount "Settlements on contributions to the authorized (share) capital."
Information on receipts from loans and credits provided by other companies is generated according to the debit turnover of accounts 50, 51, 52, 55 (except for subaccount 55-3 “Deposit accounts”) in correspondence with accounts 66 and 67.
Information on cash flows from financial transactions is used to forecast the future needs of companies to attract debt and equity financing, as well as the requirements of creditors and shareholders (participants) in relation to future cash flows.
If the cash flow cannot be classified unambiguously, the company must recognize such cash flow as cash flow from current operations (clause 12 of PBU 23/2011).
Payments and receipts from one transaction may relate to different types of cash flows (and there may be only one payment). In this case, the company must divide the single amount into appropriate parts with the appropriate classification of each part according to cash flows and separately reflect them in the DDS report.

The procedure for reflecting cash flows in the DDS report is established in Section. III PBU 23/2011.
The procedure determines that cash flows must be reflected in the report according to the company’s areas of activity:
- current;
- investment;
- financial.
Significant receipts must be recognized separately from payments to the company, in other words, expanded(Clause 15 PBU 23/2011).
Paragraphs 16 and 17 of PBU 23/2011 define cases and approximate lists of payments that should be reflected rolled up(in IAS 7 this presentation of cash flows in financial statements is called the net method).
All indicators in the DDS report must be reflected in the currency of the Russian Federation - rubles(Clause 18 PBU 23/2011). Those companies that have cash flows in foreign currency must recalculate their value into rubles at the Bank of Russia exchange rate. Paragraphs 18 and 19 of PBU 23/2011 define the rules for the recalculation of receipts, payments and cash balances, as well as the procedure for reflecting differences that arise on different dates in connection with the recalculation.
Finally, significant cash flows between a company and its subsidiaries and affiliates must be reported separately from similar flows between the company and other persons.

Cash flows shown on a condensed basis

Cash flows that characterize not so much the company’s activities as the activities of its clients and counterparties should be reflected in the DDS report on a collapsed basis.
Such cash flows include:
- cash flow from a commission agent or agent in connection with the provision of commission or agency services (with the exception of fees for the services themselves);
- receipt or payment of indirect taxes (VAT, excise taxes) as part of receipts from buyers and customers, payments to suppliers and contractors and payments to the budget system of the Russian Federation or reimbursement of these taxes from the budget. In Form No. 2 “Profit and Loss Statement” the amounts of revenue and expenses are reflected without VAT and excise taxes. And in the VAT report, amounts received from buyers (customers) or paid to sellers (contractors) must be reflected together with VAT, excise taxes and other similar taxes;
- receipts from the counterparty for reimbursement of utility bills and making these payments in rental and other similar relationships;
- payment for transportation of goods with receipt of equivalent compensation from the counterparty.
Funds characterized by rapid turnover, large amounts and short repayment periods should also be reflected in the DDS report in a collapsed form. These are, for example, cash flows:
- mutually conditioned payments and receipts for settlements using bank cards;
- arising from the purchase and resale of financial investments;
- formed when making short-term (usually up to three months) financial investments using borrowed funds.

Features of the formation of cash flows in foreign currency

As already mentioned, in the DDS report, indicators should be reflected in rubles.
But what if the company has transactions in foreign currency?
In this case, cash flows must be reflected in the company's reporting currency by converting foreign currency into rubles. Recalculation should be made at the official rate of the Bank of Russia on the date of occurrence of the cash flow, that is, on the date of payment or receipt.

Example. The company has a contractual relationship with a foreign partner. In accordance with the agreement, payments are made in euros. On February 25, 2011, the company paid a foreign partner 5,000 euros for raw materials from a foreign currency account. The ruble exchange rate on this date was 40.0294 rubles/euro. On May 11, the company’s foreign currency account received revenue for sold products in the amount of 10,000 euros. The ruble exchange rate on this date was 39.8657 rubles/euro.
Cash flows from current operations include:
- 398,657 rub. (10,000 euros x 39.8657 rubles/euro) - from receipt of foreign currency earnings;
- 200,147 rub. (5000 euros x 40.0294 rubles/euro) - from spending money on the purchase of raw materials.

During a month, a company can carry out a large number of similar transactions in foreign currency. Recalculation in this case can be quite labor-intensive. Is there any way to simplify this process?
Yes it is possible. Clause 18 of PBU 23/2011 allows recalculate at the average rate calculated for a month or a shorter period. But only if the exchange rate against the ruble changes insignificantly.
It often happens that after receiving revenue in foreign currency, a company, as part of its normal activities, exchanges the received amount of foreign currency into rubles. Or, shortly before the foreign currency payment, exchanges rubles for the required amount of foreign currency. How to reflect cash flows in the DDS report in such cases?
The answer to this question is contained in the same paragraph 18 of PBU 23/2011. It says that in the described situation, cash flows should be reflected in the report in the amount of rubles actually received (paid) without intermediate conversion of foreign currency into rubles.
At reporting dates (at the beginning and at the end of the reporting period), the company, as a rule, still has funds in foreign currency in its accounts. Do they need to be counted? If so, in what order and at what rate? In this case, clause 19 of PBU 23/2011 refers companies to the Accounting Regulations “Accounting for Assets and Liabilities, the Value of which is Expressed in Foreign Currency” (PBU 3/2006) (approved by Order of the Ministry of Finance of Russia dated November 27, 2006 N 154n).
This document defines the following recalculation procedure:
- funds in the cash register, in bank accounts, cash and payment documents, as well as funds in settlements, in particular, for borrowed obligations with legal entities and individuals (except for advances received and issued and advance payments, deposits) must be converted into rubles on the date of the transaction in foreign currency and at the reporting date(Clause 7 PBU 3/2006). For the preparation of financial statements, the value of the listed assets and liabilities recalculated into rubles at the exchange rate effective at the reporting date;
- the cost of investments in non-current assets (fixed assets, intangible assets), inventories and other assets not listed in clause 7 of PBU 3/2006, is assessed in rubles at the exchange rate in effect on the date of the transaction in foreign currency, as a result of which the specified assets and liabilities are accepted for accounting (clause 9 of PBU 3/2006). Recalculation of the value of assets after they have been accepted for accounting due to a change in exchange rate is not carried out (clause 10 of PBU 3/2006).

Continuation of the example. Let us agree that on the reporting date - December 31, 2011 - the Bank of Russia set the ruble exchange rate equal to 40.25 rubles/euro.
When preparing financial statements for 2011, the DDS report will need to reflect cash flows from current activities in the following amounts:
- receipt of funds from the sale of products - 402,500 rubles. (10,000 euros x 40.25 rubles/euro);
- allocation of funds for the purchase of raw materials - 201,250 rubles. (5000 euros x 40.25 rubles/euro).
The result of cash flow from current activities will be 201,250 rubles. (402,500 - 201,250).

The difference arising in connection with the recalculation of the company's cash flows and cash balances (cash equivalents) in foreign currency at rates on different dates does not affect the amount of cash flows. Therefore it should reflected in the DDS report separately from current, investment and financial cash flows organizations as the impact of changes in foreign currency exchange rates against the ruble.

End of the example. In accounting, the amounts of receipts and transfers of funds were reflected at the exchange rate on the day of the transactions, and the result was 198,510 rubles. (398,657 - 200,147).
The magnitude of the impact of changes in the foreign currency exchange rate against the ruble will be 2,740 rubles. (201,250 - 198,510).
In the DDS report (approved by Order of the Ministry of Finance of Russia dated July 2, 2010 N 66n), cash flows (unit of measurement - thousand rubles) will be reflected as shown in the sample.

Disclosure of information in financial statements

The information disclosed in the DDS report is useful to users. It helps to assess the sufficiency of funds to repay loans and maintain the company's productive capacity (in terms of current activities). Separate disclosure of cash flows from investing activities reflects the extent of the investment that will generate future returns. Information about flows from financial activities is important for forecasting the requirements of those users who provide capital to the company. Taking this into account, requirements for disclosure of information in financial statements have been formed.
So, the company must disclose in its financial statements information about the composition of cash and cash equivalents. The amounts reflected in the DDS report must be interconnected with the indicators of the corresponding balance sheet items.
If in the financial statements the company gives additional explanations to some indicator of the DDS report, then the corresponding article of the report must contain a link to these explanations.
Because judgment is applied in identifying cash equivalents, an entity must disclose its accounting policies. This information should contain information:
- about the approaches used to separate cash equivalents from other financial investments, to classify cash flows not specified in paragraphs 9 - 11 of PBU 23/2011;
- on the methodology for converting cash flows in foreign currency into rubles;
- about the approaches used for the collapsed presentation of cash flows;
- other explanations necessary to understand the indicators of the DDS report.
The company is required to disclose opportunities available as of the reporting date to raise additional funds, including:
- the amount of credit lines opened but not used by it, indicating all established restrictions on the use of such credit resources (including the amounts of mandatory minimum (irreducible) balances);
- the amount of funds that can be received by the organization on overdraft terms;
- guarantees received by the company from third parties that were not used as of the reporting date to obtain a loan, indicating the amount of funds that it can attract;
- the amount of loans (credits) not received as of the reporting date under concluded loan agreements (credit agreements), indicating the reasons for such shortfall.
The company is offered disclose other additional information taking into account its materiality. We are talking about information that will help users of financial statements better understand the financial position of the company and make economic decisions based on this information.
Therefore, the company may disclose information:
- about the existing significant amounts of cash (or their equivalents) that, as of the reporting date, are not available for use by the company (for example, letters of credit opened in favor of other organizations for transactions not completed at the reporting date), indicating the reasons for these restrictions;
- about the amounts of cash flows associated with maintaining the organization’s activities at the level of existing production volumes, separately from cash flows associated with expanding the scale of these activities;
- on cash flows from current, investment and financial operations for each reporting segment, determined in accordance with the Accounting Regulations “Information by Segments” (PBU 12/2010) (approved by Order of the Ministry of Finance of Russia dated November 8, 2010 N 143n). Let us recall that PBU 12/2010 proposes to form segments in typical areas: by types or groups of types of products produced (goods, works, services), by main buyers (customers), by geographic regions of activity, by structural divisions of the company;
- about funds in letters of credit opened in favor of the company, along with information on how the company actually fulfills obligations under the agreement using the letter of credit at the reporting date. If such obligations are fulfilled, but the letter of credit funds are not credited to the company’s current or other account, it must disclose the reasons and amounts of non-credited funds.

c) proceeds from the sale of non-current assets;

d) payments in connection with the acquisition of shares (participatory interests) in other organizations, with the exception of financial investments acquired for the purpose of resale in the short term;

e) proceeds from the sale of shares (participatory interests) in other organizations, with the exception of financial investments acquired for the purpose of resale in the short term;

f) providing loans to other persons;

g) repayment of loans provided to other persons;

h) payments in connection with the acquisition of debt securities (rights to claim funds against other persons), with the exception of financial investments acquired for the purpose of resale in the short term;

i) proceeds from the sale of debt securities (rights to claim funds against other persons), with the exception of financial investments acquired for the purpose of resale in the short term;

j) dividends and similar income from equity participation in other organizations;

k) receipts of interest on debt financial investments, with the exception of those acquired for the purpose of resale in the short term.

11. An organization’s cash flows from operations related to the organization’s attraction of financing on a debt or equity basis, leading to a change in the size and structure of the organization’s capital and borrowings, are classified as cash flows from financial transactions.

Information about cash flows from financial transactions provides the basis for forecasting the claims of creditors and shareholders (participants) in relation to the organization's future cash flows, as well as the organization's future needs for raising debt and equity financing.

Examples of cash flows from an organization's financial transactions are:

a) cash contributions from owners (participants), proceeds from the issue of shares, increase in participation shares;

b) payments to owners (participants) in connection with the repurchase of shares (participatory interests) of the organization from them or their withdrawal from the membership;

c) payment of dividends and other payments for the distribution of profits in favor of the owners (participants);

d) proceeds from the issue of bonds, bills, and other debt securities;

e) payments in connection with the redemption (redemption) of bills and other debt securities;

f) receiving credits and loans from other persons;

g) return of credits and loans received from other persons.

12. Cash flows of an organization that cannot be clearly classified in accordance with paragraphs 8 - 11 of these Regulations are classified as cash flows from current operations.

13. Payments and receipts from one transaction may refer to different types of cash flows. For example, payment of interest is cash flow from current operations, and repayment of principal is cash flow from financing operations. When repaying a loan in cash, both of these parts can be paid in one amount. In this case, the organization divides a single amount into appropriate parts, followed by separate classification of cash flows and their separate reflection in the cash flow statement.

III. Reflection of cash flows

14. The organization's cash flows are reflected in the cash flow statement, subdivided into cash flows from current, investment and financial operations.

15. Each significant type of income to the organization of cash and (or) cash equivalents is reflected in the cash flow statement separately from the organization’s payments, unless otherwise provided by these Regulations.

16. Cash flows are reflected in the cash flow statement on a consolidated basis in cases where they characterize not so much the activities of the organization as the activities of its counterparties, and (or) when receipts from some persons determine corresponding payments to other persons. Examples of such cash flows are:

a) cash flows of a commission agent or agent in connection with the provision of commission or agency services (except for fees for the services themselves);

b) indirect taxes as part of receipts from buyers and customers, payments to suppliers and contractors and payments to the budget system of the Russian Federation or reimbursement from it;

c) receipts from the counterparty for reimbursement of utility bills and making these payments in rental and other similar relationships;

d) payment for transportation of goods with receipt of equivalent compensation from the counterparty.

17. Cash flows are reflected in the cash flow statement on a consolidated basis in cases where they are characterized by rapid turnover, large amounts and short repayment periods. Examples of such cash flows are:

a) mutually determined payments and receipts for settlements using bank cards;

b) purchase and resale of financial investments;

c) making short-term (usually up to three months) financial investments using borrowed funds.

18. The indicators of the organization’s cash flow statement are reflected in the currency of the Russian Federation - rubles.

The amount of cash flows in foreign currency is converted into rubles at the official exchange rate of this foreign currency to the ruble, established by the Central Bank of the Russian Federation on the date of payment or receipt. If there is an insignificant change in the official exchange rate of a foreign currency to the ruble, established by the Central Bank of the Russian Federation, conversion into rubles associated with the performance of a large number of similar transactions in such foreign currency can be carried out at the average rate calculated for a month or a shorter period.

If, immediately after receiving foreign currency, an organization, as part of its normal activities, changes the received amount of foreign currency into rubles, then the cash flow is reflected in the cash flow statement in the amount of rubles actually received without intermediate conversion of foreign currency into rubles. If, shortly before a payment in foreign currency, an organization, as part of its normal activities, exchanges rubles for the required amount of foreign currency, then the cash flow is reflected in the cash flow statement in the amount of rubles actually paid without intermediate conversion of foreign currency into rubles.

19. Balances of cash and cash equivalents in foreign currency at the beginning and end of the reporting period are reflected in the cash flow statement in rubles in the amount that is determined in accordance with the Accounting Regulations “Accounting for assets and liabilities, the value of which is expressed in foreign currency "(PBU 3/2006), approved by order of the Ministry of Finance of the Russian Federation dated November 27, 2006 N 154n (registered with the Ministry of Justice of the Russian Federation on January 17, 2007, registration number 8788) as amended by orders of the Ministry of Finance of the Russian Federation dated 25 December 2007 N 147n (registered with the Ministry of Justice of the Russian Federation on January 28, 2008, registration number 11007), dated October 25, 2010 N 132n (registered with the Ministry of Justice of the Russian Federation on November 25, 2010, registration number 19048).

The difference arising in connection with the recalculation of the organization's cash flows and cash balances and cash equivalents in foreign currencies at rates on different dates is reflected in the cash flow statement separately from the organization's current, investing and financial cash flows as the impact of changes in foreign currency exchange rates against the ruble.

20. Significant cash flows of an organization between it and business companies or partnerships that are subsidiaries, dependent or main in relation to the organization are reflected separately from similar cash flows between the organization and other persons.

IV. Disclosure of information in financial statements

21. If an organization provides additional explanations to any indicator in the cash flow statement in its financial statements, then the corresponding article in the cash flow statement must contain a link to these explanations.

22. The organization discloses the composition of cash and cash equivalents and provides a link between the amounts presented in the cash flow statement and the corresponding balance sheet items.

23. The organization discloses, as part of the information on its adopted accounting policies, the approaches used for separating cash equivalents from other financial investments, for classifying cash flows not specified in paragraphs 9-11 of these Regulations, for converting cash flows in foreign currency into rubles, for a condensed presentation of cash flows, as well as other explanations necessary to understand the information presented in the statement of cash flows.

24. The organization discloses the opportunities available as of the reporting date to raise additional funds, including:

a) the amount of credit lines opened by the organization, but not used by it, indicating all established restrictions on the use of such credit resources (including the amounts of mandatory minimum (irreducible) balances);

b) the amount of funds that can be received by the organization on overdraft terms;

c) guarantees received by the organization from third parties that were not used as of the reporting date to obtain a loan, indicating the amount of funds that the organization can attract;

d) the amount of loans (credits) not received as of the reporting date under concluded loan agreements (credit agreements), indicating the reasons for such shortfall.

25. The organization discloses the following information, taking into account materiality:

a) available significant amounts of cash (or cash equivalents) that, as of the reporting date, are not available for use by the organization (for example, letters of credit opened in favor of other organizations for transactions not completed at the reporting date) indicating the reasons for these restrictions;

b) the amount of cash flows associated with maintaining the organization’s activities at the level of existing production volumes, separately from cash flows associated with expanding the scale of these activities;

c) cash flows from current, investment and financial operations for each reportable segment, determined in accordance with the Accounting Regulations “Information by Segments” (PBU 12/2010), approved by Order of the Ministry of Finance of the Russian Federation dated November 8, 2010 N 143n (registered with the Ministry of Justice of the Russian Federation on December 14, 2010, registration number 19171);

d) funds in letters of credit opened in favor of the organization, along with information about the fact that the organization fulfilled its obligations under the agreement using the letter of credit as of the reporting date. If the obligations under an agreement using a letter of credit are fulfilled by an organization, but the funds of the letter of credit are not credited to its current or other account, then the reasons and amounts of non-credited funds are disclosed.