Should dividends recieved be taken away in operating activities?

topcat

Hi all, Bit confused as Osborne take away dividends recieved in operating activities when doing the reconciliation of profit from operations to net cash from operating activities but kaplan don't seem to do anything at all with it... What would be the correct way? Osborne will then add the dividends recieved back in on the statment of cash flow for the year under the heading investing activities Confusing stuff