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57GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 20152. Signifcant accounting policies (continued)xiv) Equity movements (continued)Treasury sharesOwn equity instruments which are re-acquired (%u201ctreasury shares%u201d) are deducted from equity. No gain or loss is recognised in the consolidated income statement on the purchase, sale, issue or cancellation of the Group%u2019s own equity instruments. Any difference between the carrying amount and the consideration is recognised in other reserves. Such treasury shares are presented separately within equity and are stated at cost.xv) Employee share ownership plan (ESOP)The Group operates an ESOP whereby employees of the Group have the option to receive a percentage of their proft share bonuses in the form of ordinary shares of the Group. The Group recognises an expense within staff costs when bonuses are awarded. Shares acquired are funded by the Group contributions and the cost of the unallocated ESOP Shares is presented as a deduction in equity, separately disclosed as %u201ctreasury shares%u201d.xvi) Finance leasesGroup as lesseeFinance leases, which transfer to the Group substantially all the risks and benefts incidental to ownership of the leased item, are capitalised at the inception of the lease at the fair value of the leased asset, or if lower, at the present value of the minimum lease payments. Lease payments are apportioned between the fnance charges and reduction of the lease liability so as to achieve a constant rate of interest on the remaining balance of the liability. Finance charges are charged directly against income.(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)