Strategic Report Strategic Report Strategic Report Financial Additional Overview Strategy Performance Governance Statements Information Separate Statement of Changes in Equity For the year ended 31 December 2018 (thousands of Georgian Lari) Share Additional Retained Total capital paid-in capital earnings equity At incorporation on 5 July 2017 – – – – Total comprehensive income – – 3 3 Issue of share capital 172 – – 172 31 December 2017 172 – 3 175 Total comprehensive income – – 44,961 44,961 Issue of share capital (Note 20) 4,375,206 – – 4,375,206 Capital reduction (Note 20) (4,373,910) – 4,373,910 – Issue of share capital in course of Demerger (Note 20) 322 599,084 – 599,406 Distribution of Investment Business to existing shareholders (Note 20) – – (1,441,552) (1,441,552) Cancelation of redeemable shares (172) – (172) (344) Dividends to shareholders of the Group (Note 20) – – (116,780) (116,780) 31 December 2018 1,618 599,084 2,860,370 3,461,072 The accompanying Notes on pages 177 to 283 are an integral part of these financial statements. Annual Report 2018Bank of Georgia Group PLC 175