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Applicability of as 3 cash flow statement

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Krishna Padakannaya

Krishna Padakannaya (Querist)
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21 September 2012 Our company is subsidiary of US listed company. Because our parent company is listed in US whether Cash flow is applicable to us ?

Except above fact with all other aspects we are SMC in India.

Regards,
Krishna

CA Navin Jain

CA Navin Jain (Expert)
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21 September 2012 No, cash flow is not requried

Krishna Padakannaya

Krishna Padakannaya (Querist)
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23 September 2012 I am also of the same opinion. But not getting any basis to substantiate this. Can you help me locating any opinion/AS interpretation to justify this ?

Regards,
Krishna

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