The statement of cash flows has become a commonly provided financial statement by companies throughout the world. It is interesting to note, however, that its format does vary across countries. The statement of cash flows below is from the financial statements of Irish pharmaceutical company Élan Corporation.

Instructions
(a) What similarities to U.S. cash flow statements do you notice in terms of general format, as well as terminology?
(b) What differences do you notice in terms of general format, as well asterminology?

Transcribed Image Text:

Elan Corporation Consolidated Statement of Cash Flows Year Ended 31 December Cash Flow from Operating Activities Returns on Investments and Servicing of Finance Interest received Interest paid Cash outflow from returns on investments and 24.2 of finance Capital Expenditure and Financial Investment Additions to property, plant and equipment Receipts from disposal of property, plant and equipment Payments to acquire intangible assets Recepts from disposal of intangible assets Payments to acquire Pharma Marketing/Autoimmune product royalty rights Payments to acquire financial fixed assets Receipts from disposal of financial fixed assets Cash outflow from capital expenditure and financial investment 33.7) 27.9 (144.8) (297.6) (13.9) 329.3 Cash received on disposal of businesses 546.9 Cash inflow from acquisitions and disposals 593.0 Mana Financing Proceeds from issue of share capital Issue of loan notes Repurchase of LYONs ent of Resources 167.9 (687.5) (83.2 (142.8) t of loans Cash (outflowinflow from financing Net (decreaseincrease in cash The accompanying notes are an integral part of these financial statements. Reconciliation of Net Cash Flow to Movement in Net Debt DecreaseVincrease in cash for the period Cash infiow from movement in liquid resources (256.5) 14.5 (271.0) 83.2 803.4 (460.0) 155.6 12.5 (18.0) Repayment of loans Repurchase of LYONs Issue of loan notes Change in net debt resulting from cash flows Decrease/increase) in net debt 148.9