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24CONSOLIDATED STATEMENT OF FINANCIAL POSITIONAS AT 31 DECEMBER 2012(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)Notes 2012 2011$ $Current liabilitiesTrade and other payables 13 22,083 14,610Current portion of borrowings 12 10,567 9,552Taxation payable 251 227 32,901 24,389Total equity and liabilities 368,874 349,734The accompanying notes form an integral part of these financial statements.These financial statements were authorised for issue by the Board of Directors on 22 March 2013 and were signed on their behalf by:Gabriel FariaDirectorDavid G. InglefieldDirectorGuardian_Media_Annual_Report2012.indd 24 4/17/13 7:31 PM