Annual Report 2019

Central Bank of the Republic of Armenia Consolidated statement of changes in equity For the year ended 31 December 2019 Attributable to owners of the Bank Revaluation Promissory note issued by the Government reserve for financial assets measured at fair value through other comprehensive income Consolidated financial statements Issued In thousands of Armenian Drams capital General reserve Accumulated deficit Total Non-controlling interest Total equity Balance at 1 January 2018 100,000 25,480,248 73,810,843 Impact of adopting IFRS 9. 1,903,879 66,446 Restated opening balance under IFRS 9 100,000 25,480,248 73,810,843 1,970,325 (93,984,117) (2,814,927) (96,799,044) 7,310,853 (2,748,481) 958,037 8,268,890 (2,748,481) 4,562,372 958,037 5,520,409 Increase of share in a subsidiary (100,000) Loss for the year (2,373,281) Other comprehensive loss (131,428) (2,373,281) (131,428) 29,975 9,651 (100,000) (2,343,306) (121,777) Total comprehensive loss for the year (131,428) Balance at 31 December 2018 100,000 25,480,248 73,810,843 1,838,897 (2,373,281) (99,172,325) (2,504,709) 2,057,663 39,626 897,663 (2,465,083) 2,955,326 Increase of share in a subsidiary (63,000) Profit for the year 9,693,618 9,693,618 66,213 (63,000) 9,759,831 Other comprehensive income Total comprehensive income for the year Balance at 31 December 2019 583,402 583,402 28,584 611,986 100,000 25,480,248 73,810,843 583,402 2,422,299 9,693,618 (89,478,707) 10,277,020 12,334,683 94,797 10,371,817 929,460 13,264,143 The accompanying notes from 1 to 33 are an integral part of these consolidated financial statements. 3

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