Retained Earnings

Definition

Retained Earnings. Net profits kept to accumulate in a business after dividends are paid. A component of equity representing the entity's cumulative undistributed earnings or deficit.

If the corporation takes a loss, then that loss is retained and called variously retained losses, accumulated losses or accumulated deficit. Retained earnings and losses are cumulative from year to year with losses offsetting earnings.

Usage

XBRL Properties

IFRS Prefix: ifrs-smes
Element Name: Retained earnings
Common Initials:
Element Type and Attributes: Xinstant, credit
Hierarchy Level: 3
IFRS References: ^[1], ^[2]

References

↑ IFRS for SMEs4.11f[2015-12-01]Disclosure, IFRS for SMEs6.5a[2015-12-01]Disclosure, IFRS for SMEs6.5e[2015-12-01]Disclosure
↑ IFRS for SMEs6.3[2015-12-01]Disclosure

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.

[1] IFRS for SMEs4.11f[2015-12-01]Disclosure, IFRS for SMEs6.5a[2015-12-01]Disclosure, IFRS for SMEs6.5e[2015-12-01]Disclosure

[2] IFRS for SMEs6.3[2015-12-01]Disclosure

[1]

[2]