Heritage Oil (LSE:0PZU) Retained Earnings : £234.0 Mil (As of Dec. 2013)

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What is Heritage Oil Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Heritage Oil's retained earnings for the quarter that ended in Dec. 2013 was £234.0 Mil.

Heritage Oil's quarterly retained earnings increased from Dec. 2011 (£325.6 Mil) to Dec. 2012 (£474.9 Mil) but then declined from Dec. 2012 (£474.9 Mil) to Dec. 2013 (£234.0 Mil).

Heritage Oil's annual retained earnings increased from Dec. 2011 (£325.6 Mil) to Dec. 2012 (£474.9 Mil) but then declined from Dec. 2012 (£474.9 Mil) to Dec. 2013 (£234.0 Mil).

Heritage Oil Retained Earnings Historical Data

The historical data trend for Heritage Oil'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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Heritage Oil Retained Earnings Chart

Heritage Oil Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Retained Earnings

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-94.35

369.13

325.62

474.90

234.04

Heritage Oil Semi-Annual Data
	Dec97	Dec98	Dec99	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13
Retained Earnings	Get a 7-Day Free Trial												-94.35	369.13	325.62	474.90	234.04

Heritage Oil 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.

Heritage Oil (LSE:0PZU) 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.

Heritage Oil (LSE:0PZU) Business Description

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http://www.heritageoilplc.com

Heritage Oil PLC was incorporated under the Jersey Companies Law on 6 February 2008 as Heritage Oil Limited. The Company changed its name to Heritage Oil Plc on 18 June 2009. The Company is an independent international oil and gas company. The Company is engaged in the exploration, development and production of petroleum and natural gas in Africa, the Middle East and Russia. The Company has exploration projects in Nigeria, Russia, Tanzania, Papua New Guinea, Malta, Pakistan and Libya. The Company has producing assets in Nigeria and Russia and exploration assets in Tanzania, Papua New Guinea, Malta, Libya and Pakistan.

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