I always use this method of preparing statement of cash flows as it is simple, logical, easy to follow and always gives good results. Solution: Preparing the statement of cash flowsīefore I start with actual steps of making this particular statement of cash flows, let me point you to one of my other articles in which I described all the steps with lots of details. Interest expense for the year 20X4 of CU 1 491 includes the amount of interest paid on the lease liabilities of CU 491.The lease liability as of 31 December 20X4 amounts to CU 13 791 in the statement of financial position, which is the initial lease liability of CU 17 000 less its repayment in 20X4 amounting to CU 3 209. ![]() You can see the amortization of ROU asset of CU 4 000 in the statement of PL and OCI, too.
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