Consolidated statement of changes in shareholders’ equity for the year ended 31 December 2019

Millions of US Dollars
Share capital Share premium Revaluation reserve Hedging reserve Translation reserve Retained earnings Attributable to ordinary shareholders of the parent Non-controlling interests Total
Balance at 1 January 2018 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 104 104 104
Acquisition of SGC group (1,916) (1,916) (1,916)
Business combination 145 145
Acquisition of non-controlling interests (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
Balance at 1 January 2019 104 5,665 26 (1,812) 1,063 5,046 189 5,235
Net profit for the year 699 699 7 706
Other comprehensive loss (626) 91 128 (7) (414) (10) (424)
Transfer to retained earnings (173) 168 (5) 5
Total comprehensive income for the year (799) 91 128 860 280 2 282
Business combination 13 13
Acquisition of non-controlling interests (17) (17)
Dividends to non-controlling interests (12) (12)
Total transactions with owners (16) (16)
Balance at 31 December 2019 104 4,866 117 (1,684) 1,923 5,326 175 5,501

The accompanying notes on pages Notes to the consolidated financial statements are an integral part of these consolidated financial statements.