54 Franchise Brands plc Annual Report and Accounts 2018 Group Share capital £'000 Share premium account £'000 Share- based payment reserve £'000 Merger reserve £'000 Treasury shares £'000 Retained earnings £'000 Total £'000 At 1 January 2017 239 3,214 30 396 – 24 3,903 Loss for the year and total comprehensive income – – – – – (128) (128) Effect of change in accounting policy (IFRS15) – – – – – (633) (633) Contributions by and distributions to owners Dividend paid – – – – – (213) (213) Placing in relation to acquisition 149 19,407 – – – – 19,556 Share-based payment – – 58 – – – 58 At 1 January 2018 (Restated) 388 22,621 88 396 – (950) 22,543 Profit for the year and total comprehensive income – – – – – 2,332 2,332 Contributions by and distributions to owners Dividend paid – – – – – (420) (420) Treasury shares – – – – (151) – (151) Share-based payment – – 138 – – – 138 At 31 December 2018 388 22,621 226 396 (151) 962 24,442 Company Share capital £'000 Share premium account £'000 Share- based payment reserve £'000 Merger reserve £'000 Treasury shares £'000 Retained earnings £'000 Total £'000 At 1 January 2017 239 3,214 30 276 – 368 4,127 Profit for the year and total comprehensive income – – – – – 403 403 Contributions by and distributions to owners Dividend paid – – – – – (213) (213) Placing in relation to acquisition 149 19,407 – – – – 19,556 Share-based payment – – 58 – – – 58 At 1 January 2018 388 22,621 88 276 – 558 23,931 Profit for the year and total comprehensive income – – – – – 2,985 2,985 Contributions by and distributions to owners Dividend paid – – – – – (420) (420) Treasury shares – – – – (151) – (151) Share-based payment – – 138 – – – 138 At 31 December 2018 388 22,621 226 276 (151) 3,123 26,483 CONSOLIDATED AND COMPANY STATEMENT OF CHANGES IN EQUITY For the year ended 31 December 2018