Consolidated statement of changes in shareholders’ equity

for the year ended 31 December 2018

Millions of US Dollars

Share capital Share premium Revaluation reserve Hedging reserve Translation reserve Retained earnings Attributable to ordinary shareholders of the parent Noncontrolling interests Total
Balance at 1 January 2017 (as previously reported) 3,880 (112) (1,494) 392 2,666 167 2,833
Acquisition of SGC group (see note 30) 490 490 1 491
Balance at 1 January 2017 (as adjusted) (3,880) 112 (1,494) 882 3,156 168 3,324
Net profit for the year 843 843 30 873
Other comprehensive income 1,019 50 92 3 1,164 41 1,205
Transfer to retained earnings (125) 123 (2) 2
Total comprehensive income for the year 894 50 92 969 2,005 73 2,078
Transactions with owners:
Acquisition of a non-controlling interests (16) (16) (24) (40)
Acquisition of a subsidiary under common control (120) (120) (120)
Dividends to non-controlling interests (16) (16)
Total transactions with owners (136) (136) (40) (176)
Balance at 31 December 2017 4,774 (62) (1,402) 1,715 5,025 201 5,226
Balance at 1 January 2018 4,774 (62) (1,402) 1,715 5,025 201 5,226
Adjustment of expected credit losses under IFRS 9 (see note 2) (11) (11) (11)
Balance at 1 January 2018 (as adjusted) 4,774 (62) (1,402) 1,704 5,014 201 5,215
Net profit for the year 1,144 1,144 20 1,164
Other comprehensive income 1,030 88 (410) 10 718 (23) 695
Transfer to retained earnings (139) 135 (4) 4
Total comprehensive income for the year 891 88 (410) 1,289 1,858 1 1,859
Transactions with owners:
Issue of shares (see note 17) 104 104 104
Acquisition of SGC group (see note 30) (1,916) (1,916) (1,916)
Business combination (see note 30) 145 145
Acquisition of a non-controlling interests (see note 30) (14) (14) (150) (164)
Dividends to non-controlling interests (8) (8)
Total transactions with owners 104 (1,930) (1,826) (13) (1,839)
Balance at 31 December 2018 104 5,665 26 (1,812) (1,063) 5,046 189 5,235

The comparative consolidated statement of changes in shareholders’ equity for the year ended 31 December 2017 has been restated for the effect of the acquisition of SGC group described in note 30.

The accompanying notes on page are an integral part of these consolidated financial statements.

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