Notes to the Cash Flow Statement

The cash items disclosed in the cash flow statement are comprised of cash and cash equivalents and there are no deposits or other investments. Cash flows in foreign currencies have been converted at the applicable exchange rate. Exchange differences affecting cash items are shown separately in the cash flow statement. Interest paid and received is included in cash from operating activities. Transactions not resulting in inflow or outflow of cash are not recognized in the cash flow statement.

The cash and cash equivalents have remained at the levels of 2022. War Child’s cash and cash equivalents balance is at a healthy level of € 15.4 million in addition to € 12.8 million short term receivables, against short term liabilities of € 18.2 million. War Child’s balance of available resources can be explained by the grants received in advance from important donors and foundations, such as the European Commission, UBS Optimus Foundation and the Netherlands government. The projects related to these subsidies are partly to be implemented in 2024 and beyond. For more information, see the notes to the balance sheet item 'Grants Received in Advance'.