31. Retained earnings and reserves rose to 17 . 4 billion francs from 16 . 3 billion francs.32. Capital is retained earnings and money contributed by investors that serves as a cushion against loan losses. 33. The older ones were viewed as immaterial relative to the retained earnings on the company's balance sheet. 34. Retained earnings , both of which already exist.35. Give Something Back gives away all the profits left over after taxes and retained earnings for growth. 36. "Don't tell me that you're on the audit committee and can't tell me what retained earnings are," 37. Before, their cost reduced retained earnings . 38. If the company accounted for buybacks as it once did, its retained earnings would have been wiped out. 39. Due to the nature of accrual accounting, retained earnings do not represent surplus cash available to a company. 40. The dividend will cost about $ 149 . 7 million and will be paid entirely from retained earnings .