Annual Report 2019

China Merchants China Direct Investments Limited Annual Report 2019 78 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY For the year ended 31 December 2019 Share capital Translation reserve General reserve Retained profits Equity attributable to owners of the Company US$ US$ US$ US$ US$ Balance at 1 January 2018 139,348,785 85,655,523 14,215,816 466,405,990 705,626,114 Loss for the year — — — (87,021,125) (87,021,125) Exchange difference on translation to presentation currency — (26,793,189) — — (26,793,189) Total comprehensive expense for the year — (26,793,189) — (87,021,125) (113,814,314) 2017 final dividend paid (note 13) — — — (9,139,981) (9,139,981) 2018 special interim dividend paid (note 13) — — — (7,616,651) (7,616,651) Reversal of transfer to general reserve in prior year — — (2,712,055) 2,712,055 — Balance at 31 December 2018 139,348,785 58,862,334 11,503,761 365,340,288 575,055,168 Balance at 1 January 2019 139,348,785 58,862,334 11,503,761 365,340,288 575,055,168 Profit for the year — — — 101,808,974 101,808,974 Exchange difference on translation to presentation currency — (9,533,938) — — (9,533,938) Total comprehensive (expense) income for the year — (9,533,938) — 101,808,974 92,275,036 2018 final and special dividends paid (note 13) — — — (18,279,962) (18,279,962) Transfer to general reserve — — 1,248,497 (1,248,497) — Balance at 31 December 2019 139,348,785 49,328,396 12,752,258 447,620,803 649,050,242 The general reserve represents the general reserve fund set aside by subsidiaries in accordance with relevant laws and regulations of The People’s Republic of China (“ PRC ”), which is not available for distribution.