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36 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2020 FINANCIALS 2020GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESCONSOLIDATED STATEMENT OF CHANGES IN EQUITYFOR THE YEAR ENDED 31 DECEMBER 2020(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)StatedcapitalTreasurysharesOtherreservesRetainedearningsTotalequity$ $ $ $ $Year ended 31 December 2020Balance at 1 January 2020 27,288 (1,554) 270 226,504 252,508Profit for the year %u2013 %u2013 %u2013 4,693 4,693Other comprehensive income/(loss) %u2013 %u2013 145 (11,292) (11,147)Dividends (Note 19) %u2013 %u2013 %u2013 (73) (73)Balance at 31 December 2020 27,288 (1,554) 415 219,832 245,981Year 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) 270 226,504 252,508The accompanying notes form an integral part of these consolidated financial statements.