Balance of Retained Earnings

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Balance of Retained Earnings

A financial statement declaring a company's retained earnings at the beginning and end of an accounting period. It begins with the unadjusted retained earnings from the previous accounting period, then lists adjustments, adds net income, and subtracts dividends paid. The final entry lists the retained earnings at the end of the accounting period. The balance of retained earnings is published along with a balance sheet.
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References in periodicals archive ?
The Bank's retained earnings balance was $2.1 billion as of March 31, 2018, an increase of $49 million, or 2.46 percent, from December 31, 2017.
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 company has maintained a negative retained earnings balance since that time.
The bank reported USD 14.8m and USD 25.4m of net income, compared to USD 10.4m and USD 26.4m for the same periods in 2013 and an increase in its retained earnings balance to USD 312.1m as of June 30 2014 from USD 287.1m as of December 31 2013.
The bank's retained earnings balance was around USD1.3bn as of March 31, 2012, an increase of around USD52m, or 4.21 percent, from December 31, 2011.
Yet this amount is $961 less than the retained earnings balance at the end of 2008.
Currently, the law defines it as a credit union's "retained earnings balance capital," and NASCUS wants it to just say "capital."
Similarly, its 31 December 20x8 separate company balance sheet would report a $3,640 retained earnings balance, equal to the $3,100 dividend basis retained earnings of Company P plus $540 or 60 percent of Company S's $900 retained earnings accumulated since acquisition.
All else being equal, a combined company accounted for under the pooling method generally has a higher retained earnings balance than a combination using the purchase method.
The Bank's retained earnings balance was $1.8 billion as of March 31, 2016, a decrease of $2 million, or 0.12 percent, from December 31, 2015.
According to the bank, this compares to USD 16.0m in 1Q13, and an increase in its retained earnings balance to USD 297.5m as of March 31, 2014.
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."