SFG Australia (ASX:SFW) Retained Earnings : A$24.2 Mil (As of Dec. 2013)

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What is SFG Australia Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. SFG Australia's retained earnings for the quarter that ended in Dec. 2013 was A$24.2 Mil.

SFG Australia's quarterly retained earnings increased from Dec. 2012 (A$12.6 Mil) to Jun. 2013 (A$17.3 Mil) and increased from Jun. 2013 (A$17.3 Mil) to Dec. 2013 (A$24.2 Mil).

SFG Australia's annual retained earnings declined from Jun. 2011 (A$12.5 Mil) to Jun. 2012 (A$9.3 Mil) but then increased from Jun. 2012 (A$9.3 Mil) to Jun. 2013 (A$17.3 Mil).

SFG Australia Retained Earnings Historical Data

The historical data trend for SFG Australia'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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SFG Australia Retained Earnings Chart

SFG Australia Annual Data

Trend

Jun04

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Retained Earnings

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5.24

3.90

12.53

9.30

17.33

SFG Australia Semi-Annual Data
	Jun04	Dec04	Jun05	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13
Retained Earnings	Get a 7-Day Free Trial															18.79	9.30	12.62	17.33	24.22

SFG Australia 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.

SFG Australia (ASX:SFW) 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.

SFG Australia (ASX:SFW) Business Description

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http://www.sfgaustralia.com.au

SFG Australia Limited, formerly Snowball Group Limited provides wealth management services to high net worth and affluent clients, including strategic financial advice, portfolio administration solutions, portfolio construction and management services, insurance (both general and risk) solutions, finance broking, stockbroking, and corporate superannuation services. SFG operates three financial advice models: End to end adviser model; Affiliate adviser model; and B2B Services model.

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