7 million as of December 31, 2014, and its restricted retained earnings balance
Impact The financial restatement will be effected by reducing OMR3,134,767 from the Opening Retained Earnings balance
as of January 1, 2012 included under the Statement of Changes in Equity which forms part of the financial statements.
The bank's retained earnings balance
was around USD1.
The impact of approximately $41 million to retained earnings will result in a retained earnings balance
above the Board's retained earnings target of $200 million.
4 million as of December 31, 2013; and its restricted retained earnings balance
However, Southwest management warned in notes that accompanied the May financials that such a low retained earnings balance
"represents a relatively small buffer to absorb additional investment losses before depletion of MCA would be necessary.
Under the revised retained earnings policy, which is subject to Finance Board review and approval, the current target for the Seattle Bank's retained earnings balance
will be $89 million, as compared to an initial target of $35 million set earlier this year by the Seattle Bank board.
The Bank's retained earnings balance
was approximately $916 million as of March 31, 2010, an increase of approximately $43 million, or 5 percent, from Dec.
The financial impact of the tax effects of the settlement and subsequent deconsolidation of NRG from Xcel Energy's financial statements are expected to positively impact retained earnings and may be sufficient to eliminate the negative retained earnings balance
6 million was charged to the opening retained earnings balance
as at March 1st, 2002, for the impaired goodwill of European operations in the bathroom and kitchen segment.
00, via the partial capitalization of the Retained Earnings Balance
and the increase of the nominal value of the shares.
The Company has included the cumulative effect of the additional compensation expense as an entry to the beginning retained earnings balance
at July 1, 2005.