The loss resulted in the company's accumulated profits
at the firm last year declining by 89% from [euro]413,971 to [euro]44,294.
As of December 31, 2017, the MIDF's accumulated profits
stood to RM617.96 million, while cash balance and cash equivalents were also positive at RM464.55 million at the end of 2017, it said adding that an audit was conducted between May and September 2018.
While entire profit for a particular year, or accumulated profits
of previous years can be utilized in endowment fund shall be utilized in a single year.
It is not yet clear how bad big local players, who critics say had accumulated profits
through the years, got hurt in the past.
The resolution also stated that the tobacco company needed the accumulated profits
as reserve funds for expansion projects and service maturing debts, including the P20 billion syndicated loans.
As for profits, Hout said that MEA had made accumulated profits
of $1 billion over the past 15 years.
The laboratory has estimated that, over the last 3 years, fuel traders have accumulated profits
of over EUR 100 M from gasoline and over EUR 650 M from diesel fuel due to distortions of the fuel market.
Companies build reserves by retaining a part of its profit and give bonus when the reserves or accumulated profits
reach a certain limit.
According to some estimates, the Cupertino-Calif.-based company is currently holding more than $181 billion in accumulated profits
offshore -- more than any US company.
The company said that the growth and the good financial sheets alongside with accumulated profits
forced the company board to recommend 85% dividends including 50% stock dividends and 35% cash dividends, which is equal to RO0.350 per share.
According to a research paper presented by a Dhaka University Professor, Abul Barakat, on December 12, profits from the enterprises belonging to Islamist fundamentalists were estimated at nearly SR1,250 million in 2014 and their accumulated profits
for the past 40 years amounted to SR 50,000 million.
The 500 largest American companies hold more than $2.1 trillion in accumulated profits
offshore to avoid U.S.