It is shown that the magnetohydrodynamic equilibrium states of an axisymmetric toroidal plasma with finite resistivity and flows parallel to the magnetic field are governed by a second-order partial differential equation for the poloidal magnetic flux function ψ coupled with a Bernoulli type equation for the plasma density (which are identical in form to the corresponding ideal MHD equilibrium equations) along with the relation ∆ ⋆ ψ = V c σ. (Here, ∆ ⋆ is the Grad-Schlüter-Shafranov operator, σ is the conductivity and V c is the constant toroidal-loop voltage divided by 2π). In particular, for incompressible flows the above mentioned partial differential equation becomes elliptic and decouples from the Bernoulli equation [H. Tasso and G. N. Throumoulopoulos, Phys. Plasmas 5, 2378 (1998)]. For a conductivity of the form σ = σ(R, ψ) (R is the distance from the axis of symmetry) several classes of analytic equilibria with incompressible flows can be constructed having qualitatively plausible σ profiles, i.e. profiles with σ taking a maximum value close to the magnetic axis and a minimum value on the plasma surface. For σ = σ(ψ) consideration of the relation ∆ ⋆ ψ = V c σ(ψ) in the vicinity of the magnetic axis leads therein to a proof of the non-existence of either compressible or incompressible equilibria. This result can be extended to the more general case of non-parallel flows lying within the magnetic surfaces.