Norseman Gold (LSE:NGL) Retained Earnings : £-144.17 Mil (As of Jun. 2014)

View and export this data going back to . Start your Free Trial

What is Norseman Gold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Norseman Gold's retained earnings for the quarter that ended in Jun. 2014 was £-144.17 Mil.

Norseman Gold's quarterly retained earnings declined from Jun. 2012 (£-71.96 Mil) to Jun. 2013 (£-154.50 Mil) but then increased from Jun. 2013 (£-154.50 Mil) to Jun. 2014 (£-144.17 Mil).

Norseman Gold's annual retained earnings declined from Jun. 2012 (£-71.96 Mil) to Jun. 2013 (£-154.50 Mil) but then increased from Jun. 2013 (£-154.50 Mil) to Jun. 2014 (£-144.17 Mil).

Norseman Gold Retained Earnings Historical Data

The historical data trend for Norseman Gold'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.

* Premium members only.

Norseman Gold Retained Earnings Chart

Norseman Gold Annual Data

Trend

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Retained Earnings

Get a 7-Day Free Trial

-11.85

-27.70

-71.96

-154.50

-144.17

Norseman Gold Semi-Annual Data
	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14
Retained Earnings	Get a 7-Day Free Trial			-11.85	-27.70	-71.96	-154.50	-144.17

Norseman Gold 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.

Norseman Gold (LSE:NGL) 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.

Norseman Gold (LSE:NGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Norseman Gold PLC (LSE:NGL) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.norsemangoldplc.com

Norseman Gold PLC is engaged in the production, exploration, evaluation and development of mineral resources. It is involved in the operation of Central Norseman Gold Corporation Ltd (the Norseman Project). The Norseman Project is located adjacent to the Norseman township, approximately 725 kilometres east of Perth, Western Australia. Current operations source ore from the Bullen underground mine and the Harlequin underground mine using underground mining methods of airleg up dip room and pillar stoping and long-hole stoping.