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46 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2022GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESCONSOLIDATED STATEMENT OF CHANGES IN EQUITYFOR THE YEAR ENDED 31 DECEMBER 2022(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)Stated capitalTreasury sharesOther reservesRetained earningsTotal equity$ $ $ $ $Year ended 31 December 2022Balance at 1 January 2022 27,288 (1,554) 268 233,822 259,824Profit for the year %u2013 %u2013 %u2013 2,462 2,462Other comprehensive loss %u2013 %u2013 (101) (5,133) (5,234)Dividends (Note 19) %u2013 %u2013 %u2013 (2,888) (2,888)Balance at 31 December 2022 27,288 (1,554) 167 228,263 254,164Year ended 31 December 2021Balance at 1 January 2021 27,288 (1,554) 415 219,832 245,981Profit for the year %u2013 %u2013 %u2013 4,202 4,202Other comprehensive (loss)/income %u2013 %u2013 (147) 11,876 11,729Dividends (Note 19) %u2013 %u2013 %u2013 (2,088) (2,088)Balance at 31 December 2021 27,288 (1,554) 268 233,822 259,824The accompanying notes form an integral part of these consolidated financial statements.