Consolidated Statement of Changes in Equity For the year ended 31 December 2018 (thousands of Georgian Lari) Attributable to shareholders of the Group Reserves of Additional disposal Non- Share paid-in Treasury Other group held Retained controlling capital capital shares reserves for sale earnings Total interests Total equity 31 December 2015 1,154 240,593 (44) 8,301 – 1,571,265 1,821,269 220,823 2,042,092 Profit for the year – – – – – 398,538 398,538 30,038 428,576 Other comprehensive income for the year – – – 87,964 – 297 88,261 6,286 94,547 Total comprehensive income for the year – – – 87,964 – 398,835 486,799 36,324 523,123 Increase in equity arising from share-based payments – 42,365 14 – – – 42,379 3,816 46,195 Dividends to shareholders of the Group (Note 20) – – – – – (97,604) (97,604) – (97,604) Dilution of interests in subsidiaries – – – (2,785) – – (2,785) 2,406 (379) Dividends of subsidiaries to non-controlling shareholders – – – – – – – (936) (936) Acquisition of non-controlling interests in existing subsidiaries – – – (19,081) – – (19,081) (6,087) (25,168) Purchase of treasury shares – (99,086) (24) – – – (99,110) – (99,110) 31 December 2016 1,154 183,872 (54) 74,399 – 1,872,496 2,131,867 256,346 2,388,213 Effect of early adoption of IFRS 15 – – – – (29,050) (29,050) – (29,050) 1 January 2017 1,154 183,872 (54) 74,399 – 1,843,446 2,102,817 256,346 2,359,163 Profit for the year – – – – – 437,615 437,615 25,834 463,449 Other comprehensive loss for the year – – – (7,868) – 169 (7,699) (3,141) (10,840) Total comprehensive income for the year – – – (7,868) – 437,784 429,916 22,693 452,609 Transfer of property and equipment revaluation reserve, net of tax – – – (686) – 686 – – – Discontinued operations – – – (10,934) 10,934 – – – – Increase in equity arising from share-based payments – 59,262 17 – – – 59,279 1,495 60,774 Buyback and cancelation of own shares (3) (12,183) – – – – (12,186) – (12,186) Dividends to shareholders of the Group (Note 20) – – – – – (101,501) (101,501) – (101,501) Dilution of interests in subsidiaries – – – 331 – – 331 1,714 2,045 Increase in share capital of subsidiaries – – – – – – – 14,493 14,493 Sale of interests in existing subsidiaries – – – 70,333 – – 70,333 38,234 108,567 Acquisition of non-controlling interests in existing subsidiaries – – – (3,493) – – (3,493) (58,443) (61,936) Non-controlling interests arising on acquisition of subsidiary – – – – – – – 35,236 35,236 Purchase of treasury shares – (124,865) (29) – – – (124,894) – (124,894) 31 December 2017 1,151 106,086 (66) 122,082 10,934 2,180,415 2,420,602 311,768 2,732,370 The accompanying Notes on pages 177 to 283 are an integral part of these financial statements. 170 Annual Report 2018Bank of Georgia Group PLC