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ANNUAL REPORT 20142831 DecemberNotes 2014 2013Assets $ $Non%u2013current assetsProperty, plant and equipment 3 105,018 96,882Intangible assets 4 16,179 10,456Employee benefits asset 5 92,620 96,781Deferred tax asset 6 1,111 1,085214,928 205,204Current assetsInventories 7 12,883 11,366Trade and other receivables 8 44,887 37,454Investments at fair value throughstatement of income 9 3,946 3,861Taxation recoverable 669 379Cash and short%u2013term deposits 10 110,912 134,686173,297 187,746TOTAL ASSETS 388,225 392,950EQUITY AND LIABILITIESEquityStated capital 11 27,288 27,288Treasury shares 11 (1,460) (1,539)Retained earnings 290,388 286,084316,216 311,833Non%u2013current liabilitiesBorrowings 12 1,949 4,715Employee benefits obligation 5 4,445 4,338Deferred tax liabilities 6 37,014 36,480 43,408 45,533The accompanying notes form an integral part of these financial statements.CONSOLIDATED STATEMENT OF FINANCIAL POSITIONAS AT 31 DECEMBER 2014(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)