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                                    62NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2012(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)11. Stated capital and treasury shares (continued)Treasury sharesAs detailed in Note 2 (m), the Group operates an Employee Share Ownership Plan (ESOP) in which shares purchased by the Plan are held in Trust. The cost of these unallocated ESOP shares are accounted for and disclosed within equity as treasury shares. The number and value of own equity shares (treasury shares) held by the Group are as follows:2012 2011Number of shares (%u2018000) 100 100Carrying value of shares (cost - $%u2019000s) 1,531 1,573The market value of treasury shares ($%u2019000s) 1,895 2,15012. Borrowings2012 2011$ $Maturity of borrowings:Amounts payable:Within one year 10,567 9,552Within two to five years 15,692 24,742Over five years %u2013 %u201326,259 34,294Current portion (10,567) (9,552)Non-current portion 15,692 24,742Guardian_Media_Annual_Report2012.indd 62 4/17/13 7:31 PM
                                
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