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Anglo African Oil & Gas (Anglo African Oil & Gas) Retained Earnings : $-59.20 Mil (As of Jun. 2021)


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What is Anglo African Oil & Gas Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Anglo African Oil & Gas's retained earnings for the quarter that ended in Jun. 2021 was $-59.20 Mil.

Anglo African Oil & Gas's quarterly retained earnings declined from Jun. 2020 ($-52.41 Mil) to Dec. 2020 ($-56.61 Mil) and declined from Dec. 2020 ($-56.61 Mil) to Jun. 2021 ($-59.20 Mil).

Anglo African Oil & Gas's annual retained earnings declined from Dec. 2018 ($-27.78 Mil) to Dec. 2019 ($-54.36 Mil) and declined from Dec. 2019 ($-54.36 Mil) to Dec. 2020 ($-56.61 Mil).


Anglo African Oil & Gas Retained Earnings Historical Data

The historical data trend for Anglo African Oil & Gas'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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Anglo African Oil & Gas Retained Earnings Chart

Anglo African Oil & Gas Annual Data
Trend Feb11 Feb12 Feb13 Feb14 Feb15 Feb16 Dec17 Dec18 Dec19 Dec20
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -9.08 -13.80 -27.78 -54.36 -56.61

Anglo African Oil & Gas Semi-Annual Data
Feb11 Aug11 Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -30.86 -54.36 -52.41 -56.61 -59.20

Anglo African Oil & Gas 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.


Anglo African Oil & Gas  (GREY:AAFGF) 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.


Anglo African Oil & Gas (Anglo African Oil & Gas) Business Description

Traded in Other Exchanges
N/A
Address
12 Berkeley Street, London, GBR, W1J 8DT
Anglo African Oil & Gas PLC is currently seeking new business opportunities, formerly it offered services related to oil exploration to its subsidiary. Its project included Tilapia field an offshore of the Republic of the Congo, located in the Lower Republic of the Congo Basin.

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