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58 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES IN EQUITYFOR THE YEAR ENDED 31 DECEMBER 2023(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)Stated capitalTreasury sharesOther reserveRetained earningsTotal equity$ $ $ $ $Year ended 31 December 2023Balance at 1 January 2023 27,288 (1,554) 167 228,263 254,164Loss for the year %u2013 %u2013 %u2013 (8,618) (8,618)Other comprehensive loss %u2013 %u2013 (54) (2,525) (2,579)Dividends (Note 19) %u2013 %u2013 %u2013 (1,688) (1,688)Balance at 31 December 2023 27,288 (1,554) 113 215,432 241,279Year 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) 167 228,263 254,164The accompanying notes form an integral part of these consolidated financial statements.