Page 66 - Annual Report 2022

Banka Kombëtare Tregtare Annual Report 2022 4

Banka Kombëtare Tregtare Sh.a.
Consolidated statement of changes in equity for the year ended 2022
(Amounts in USD)

Fair value
Share Legal Translation reserve and Retained
capital reserve reserve impairment earnings Total
of FVOCI
Balance as at 31 December 2021 300,000,000 52,315,511 (2,358,124) 44,542,840 161,467,079 555,967,306
Transactions with owners
recorded directly in equity
Contributions by and distributions
to owners

Creation of legal reserves - 8,027,579 - - (8,027,579) -
Adjustment for translation of legal - (249,238) - - 249,238 -
reserve
Dividend payable - - - (50,000,000) (50,000,000)

Transfer of revaluation surplus - - - - 9,887,370 9,887,370
Appropriation of year 2021 - - - - (2,358,124) (2,358,124)
translation difference
Adjustment of retained earnings
with December 2022 year end - - - - (8,873,491) (8,873,491)
exchange rate
Total transactions with owners - 7,778,341 - - (59,122,586) (51,344,245)
recorded in equity

Comprehensive income for the
year

Net profit for the year - - - - 105,315,277 105,315,277

Other comprehensive income,
net of income tax
Net change in fair value reserve - - - (99,837,565) - (99,837,565)
Net change in impairment of - - - 27,200,912 - 27,200,912
FVOCI
Foreign currency translation
differences - - 6,540,795 - - 6,540,795

Total other comprehensive income - - 6,540,795 (72,636,653) - (66,095,858)
Total comprehensive income for - - 6,540,795 (72,636,653) 105,315,277 39,219,419
the year

Balance as at 31 December 2022 300,000,000 60,093,852 4,182,671 (28,093,813) 207,659,770 543,842,480

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 89.