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GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESCONSOLIDATED STATEMENT OF CHANGES IN EQUITYFOR THE YEAR ENDED 31 DECEMBER 2019(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)Stated Treasury Other Retained Totalcapital shares reserves earnings equity$ $ $ $ $Year ended 31 December 2019Balance at 1 January 2019 27,288 (1,554) 270 224,620 250,624Loss for the year %u2013 %u2013 %u2013 (5,640) (5,640)Other comprehensive income %u2013 %u2013 %u2013 7,641 7,641Dividends (Note 19) %u2013 %u2013 %u2013 (117) (117)Balance at 31 December 2019 27,288 (1,554) 270 226,504 252,508Year ended 31 December 2018Balance at 1 January 2018 27,288 (1,460) 776 251,026 277,630Loss for the year %u2013 %u2013 %u2013 (2,318) (2,318)Other comprehensive loss %u2013 %u2013 (506) (80) (586)Other transfers and movements %u2013 (94) %u2013 49 (45)Dividends (Note 19) %u2013 %u2013 %u2013 (24,057) (24,057)Balance at 31 December 2018 27,288 (1,554) 270 224,620 250,624The accompanying notes form an integral part of these consolidated financial statements.36 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2019