Interest payments are deductible, but there is no tax relief for the opportunity cost of financing investment from retained profits
Total member value, which takes into account pricing benefits and retained profit
, rose to just more than pounds 1 billion from pounds 906 million the previous year.
But the report discloses a small retained profit
of pounds 51,646.
BoCom, which is 19 percent owned by HSBC Holdings Plc (LSE: HSBA) (NYSE: HBC) (HKG: 0005), is also expecting to use its retained profit
to boost its capital, and the fund-raising will support its core capital above regulatory requirements for at least three years, Yu said.
After outgoings, including tax and a pounds 100,000 dividend, the retained profit
for the year was pounds 181,321, making a rolling total of pounds 8,808,167.
A capital deficit means a company's liabilities exceed its assets for such reasons as large losses hidden in its assets or depleted capital and retained profit
47 million and retained profit
for the period was pounds 1.
Last year ACB had used proceeds from a convertible bond issue and retained profit
to raise its registered capital by 142 percent to VND6.
That the resulting profit all flows through to boost their reserves, just like the retained profit
left over after a public company has paid its dividends, counts for nothing at Moody's.
The Egyptian real estate firm decided to distribute bonus shares for 2016 retained profits
and part of the profits for 2017, the company highlighted in a separate filling to the EGX.
The capital top-up was funded from the statuary reserves and the retained profits
, according to the bank's financial statements in June 30, 2016.