Italian Statement Of Cash Flows: 2016 Financial Statements

Statement of Cash Flows are now considered independent and separate documents in Italy, and companies must prepare them as such for financial statements starting 1 January 2016.

Prior to Italian legislative decree no. 139/15 entering into force, the Italian Accounting Board (Organismo Italiano di Contabilità - OIC) recommended the inclusion of the Statement of Cash Flows –
the accounting document that analyses a company's financial trend – as an additional statement in the notes.

For financial statements starting from 1 January 2016, the Italian Civil Code (article 2425-ter) qualifies the Statement of Cash Flows as an independent and separate document: consequently, the financial statements (art. 2423) now consist of: