Page 73 - BKT Annual Report 2023 EN

ANNUAL REPORT 2023 4
Consolidated statement of changes in equity for the year ended 2023
(Amounts in USD)

Fair value
Legal Translation reserve and Retained
Share capital Total
Reserve reserve impairment earnings
of FVOCI

Balance as at 31 December 300,000,000 60,093,852 4,182,671 (28,093,813) 207,659,770 543,842,480
2022
Transactions with owners
recorded directly in equity
Contributions by and
distributions to owners
Creation of legal reserves - 3,906,700 - - (3,906,700) -

Adjustment for translation of
legal reserve - 8,818,619 - - (8,818,619) -
Dividend payable - - - (50,000,000) (50,000,000)

Appropriation of year 2022 - - (4,182,671) - 4,182,671 -
translation difference
Adjustment of retained earnings
with December 2023 year end - - - - 25,232,492 25,232,492
exchange rate

Total transactions with owners - 12,725,319 (4,182,671) - (33,310,156) (24,767,508)
recorded in equity

Comprehensive income for
the year
Net profit for the year - - - - 90,862,530 90,862,530

Other comprehensive income,
net of income tax

Net change in fair value reserve - - - 10,630,451 - 10,630,451
Net change in impairment of - - - 11,392,174 - 11,392,174
FVOCI
Foreign currency translation
differences - - 5,028,839 - - 5,028,839

Total other comprehensive
income - - 5,028,839 22,022,625 - 27,051,464
Total comprehensive income for - - 5,028,839 22,022,625 90,862,530 117,913,994
the year
Balance as at 31 December 300,000,000 72,819,171 5,028,839 (6,071,188) 265,212,144 636,988,966
2023

The consolidated statement of changes in equity is to be read in conjunction with the notes to and forming part of
the consolidated financial statements set out on pages 6 to 76.