Page 107 - Annual Report 2019
P. 107
104 ANNUAL REPORT 2019 QFC REGULATORY AUTHORITY FINANCIAL STATEMENTS
Statement of Changes in Equity
For the year ended 31 December 2019
General reserve | USD ‘000 Retained surplus | USD ‘000 Total equity | USD ‘000
Balance at 1 January 2018 18,043 4,673 22,716
Adjustment on adoption of IFRS 9 - (58) (58)
Restated balance at 1 January 2018 18,043 4,615 22,658
Total comprehensive income for the year - 762 762
Transfers to general reserve 2,000 (2,000) -
Balance at 31 December 2018 20,043 3,377 23,420
Balance at 1 January 2019 20,043 3,377 23,420
Total comprehensive income for the year - 55,989 55,989
Balance at 31 December 2019 20,043 59,366 79,409
*The attached notes 1 to 19 form part of these financial statements.
