Statement of changes in equity

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31.12.2019     
(NOK million)NoteTotal equityShare capitalShare premiumRetained earnings
Equity as at 31 December 2018 1 7671 425175167
Total comprehensive income for the period 224  224
Issue of share capital 450450  
Dividend paid -167  -167
Equity as at 31 December 201914 15 2 2741 875175224
The share capital consists of 1 500 000 shares at NOK 1 250, a total of NOK 1 875 million. All shares are owned by Sparebanken Møre.
Proposed dividend as of 31 December 2019 amounts to NOK 224 million. 
      
31.12.2018     
(NOK million)NoteTotal equityShare capitalShare premiumRetained earnings
Equity as at 31 December 2017 1 6671 325175167
Effect of transition to IFRS 9 01.01.2018 1) -9  -9
Equity as at 1 January 2018 1 6581 325175158
Total comprehensive income for the period 161  161
Issue of share capital 100100  
Dividend paid -152  -152
Equity as at 31 December 201814 15 1 7671 425175167
1) The effect of transition to IFRS 9 is entirely related to increased impairments for expected credit losses of NOK 12 million, less tax effect of NOK 3 million.
The share capital consisted of 1 140 000 shares at NOK 1 250, a total of NOK 1 425 million. All shares were owned by Sparebanken Møre.
Dividend as of 31 December 2018 amounted to NOK 167 million.