Manaris 2010 (Manaris 2010) Retained Earnings : $-36.46 Mil (As of Mar. 2009)

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What is Manaris 2010 Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Manaris 2010's retained earnings for the quarter that ended in Mar. 2009 was $-36.46 Mil.

Manaris 2010's quarterly retained earnings declined from Sep. 2008 ($-32.98 Mil) to Dec. 2008 ($-36.33 Mil) and declined from Dec. 2008 ($-36.33 Mil) to Mar. 2009 ($-36.46 Mil).

Manaris 2010's annual retained earnings declined from Jun. 2006 ($-26.65 Mil) to Jun. 2007 ($-29.29 Mil) and declined from Jun. 2007 ($-29.29 Mil) to Jun. 2008 ($-32.41 Mil).

Manaris 2010 Retained Earnings Historical Data

The historical data trend for Manaris 2010's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Manaris 2010 Retained Earnings Chart

Manaris 2010 Annual Data

Trend

Jun02

Jun03

Jun04

Jun05

Jun06

Jun07

Jun08

Retained Earnings

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-6.32

-12.55

-26.65

-29.29

-32.41

Manaris 2010 Quarterly Data
	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09
Retained Earnings	Get a 7-Day Free Trial															-32.12	-32.41	-32.98	-36.33	-36.46

Manaris 2010 Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Manaris 2010 (OTCPK:AVNY) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Manaris 2010 (Manaris 2010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Manaris 2010 Corp (OTCPK:AVNY) » Definitions » Retained Earnings

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Address

400 Montpellier Boulevard, Montreal, QC, CAN, H4N 2G7

Website

Manaris 2010 Corp is a shell company with no operations.

Executives

Cherry Lim

director

740, ST-MAURICE STREET, SUITE 102, MONTREAL A8 H3C 1L5

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