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Final stage

In January 2016 the International Accounting Standards Board (Board) issued Disclosure Initiative (Amendments to IAS 7). These amendments to IAS 7 Statement of Cash Flows require a disclosure of changes in liabilities arising from financing activities, including both changes arising from cash flows and non-cash changes.

Disclosure Initiative (Amendments to IAS 7) is effective for annual periods beginning on or after 1 January 2017.

In December 2014 the Board published an Exposure Draft of proposed amendments to IAS 7. The Board aimed to improve disclosures about:

  • an entity's financing activities; and
  • the liquidity of any entity, including restrictions that affect an entity's decisions on how it uses cash and cash equivalent balances.

The Board finalised the amendments about an entity's financing activities in January 2016. In December 2016 the Board decided not to finalise the proposed amendments about the liquidity of an entity. The Board deliberations can be accessed under the project history tab.