Bioventix retained earnings
Posted: December 15th, 2018, 2:07 pm
Hi folks,
I have been spending some time looking at a firm called Bioventix (BVXP). I would like to obtain the value of "Retained Earnings" for the firm for this year, but alas their recent annual report does not detail such a figure.
I have had a look into the relevant "Statement of changes in Equity" section in the above report and have tabulated the row, which in all the other company reports (i.e. ones which do detail Retained earnings) usually has this figure, below:
After reading some the following notes in the report:
22. Reserves
Share premium account
The share premium reserve contains the premium arising on issues of equity shares, net of issue
expenses.
Capital redemption reserve
The capital redemption arose on the buy-back of shares by the company.
Profit & loss account
The profit and loss reserve represents cumulative profits or losses, net of dividends paid and other
adjustments.
and doing some googling, I am prepared to accept that since this firm currently has fairly simple accounts, that the value described as Profit and loss account can be considered as effectively being the same in value as the Retained Earnings value.
Would anyone on here be able to cast their eyes quickly over the firm's report which I have linked above and give me their opinion on my assumption above?
Many thanks
Matt
I have been spending some time looking at a firm called Bioventix (BVXP). I would like to obtain the value of "Retained Earnings" for the firm for this year, but alas their recent annual report does not detail such a figure.
I have had a look into the relevant "Statement of changes in Equity" section in the above report and have tabulated the row, which in all the other company reports (i.e. ones which do detail Retained earnings) usually has this figure, below:
After reading some the following notes in the report:
22. Reserves
Share premium account
The share premium reserve contains the premium arising on issues of equity shares, net of issue
expenses.
Capital redemption reserve
The capital redemption arose on the buy-back of shares by the company.
Profit & loss account
The profit and loss reserve represents cumulative profits or losses, net of dividends paid and other
adjustments.
and doing some googling, I am prepared to accept that since this firm currently has fairly simple accounts, that the value described as Profit and loss account can be considered as effectively being the same in value as the Retained Earnings value.
Would anyone on here be able to cast their eyes quickly over the firm's report which I have linked above and give me their opinion on my assumption above?
Many thanks
Matt