6 The following terms are used in this Standard with the meanings specified:
"Cash" comprises cash on hand and demand deposits.
"Cash equivalents" are short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.
"Cash flows" are inflows and outflows of cash and cash equivalents.
"Operating activities" are the principal revenue-producing activities of the entity and other activities that are not investing or financing activities.
"Investing activities" are the acquisition and disposal of long-term assets and other investments not included in cash equivalents and the receipt of interest and dividends as described in paragraphs 34A-34D.
"Financing activities" are activities that result in changes in the size and composition of the contributed equity and borrowings of the entity.
Cash and cash equivalents
7 Cash equivalents are held for the purpose of meeting short-term cash commitments rathe
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