"Reporting Cash Flows on a Net Basis" -- What is the meaning? What are all the items reported on Net Basis?

Reporting Cash Flows from Investing and Financing Activities 

31. An entity should report separately major classes of gross cash receipts 

and gross cash payments arising from investing and financing activities, 

except to the extent that cash flows described in paragraphs32 and35 

are reported on a net basis.  

Reporting Cash Flows on a Net Basis 

32. Cash flows arising from the following operating, investing or financing 

activities may be reported on a net basis: 

(a) Cash receipts collected and payments made on behalf of 

customers, taxpayers or beneficiaries when the cash flows 

reflect the activities of the other party rather than those of the 

entity; and 

(b) Cash receipts and payments for items in which the turnover is 

quick, the amounts are large, and the maturities are short. 

Cash flows arising from each of the following activities of a public 

financial institution may be reported on a net basis: 

(a) Cash receipts and payments for the acceptance and repayment 

of deposits with a fixed maturity date; 

(b) The placement of deposits with and withdrawal of deposits from 

other financial institutions; and 

(c) Cash advances and loans made to customers and the repayment 

of those advances and loans.

(IPSAS,/ IAS7)

I agree with SREEDEVI SUNILKUMAR ,