How would you correctly reconcile the movement in opening and closing equity for a financial year? Add net income for the year, add any items of comprehensive income and deduct dividends paid during the year and any dividends proposed but not paid at year end. Add net income for the year, deduct any items of comprehensive income, deduct dividends paid during the year and add back any dividends proposed but not paid at year end. Add net income for the year together with any items of other comprehensive income and deduct any dividends paid in the year. Add net income for the year, deduct any items of other comprehensive income and deduct dividends declared but not paid at year end.