奥井英作のブログ　－　資金会計原論

資金会計原論Theory of Cash by Funds— 2.3 Case study・・X Co
Fund on Retained Earnings is declining and the red figures on Substantial Retained Earnings are increasing. These tell us that the capital increase was not contributing towards lifting their business results.
  The red figures of Net Owner’s Fund, the red figures have nothing to do with good or bad, which indicate the growth of Cash are decreasing, however, if the Capital increase (Yen 61,836mil) was not made, the red figures were almost the same. So we can say there was no growth of Cash.