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59GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 20152. Signifcant accounting policies (continued)xx) Revenue recognitionRevenue is recognised to the extent that it is probable that the economic benefts will fow to the Group and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates and sale taxes.The following specifc recognition criteria must be met before revenue is recognised:Sales of newspaper, advertising and job printingRevenue from the sale of advertising to third parties is recognised with the publication or broadcast of the advertisement. Income from newspaper circulation and job printing are recognised upon delivery of the goods.Rental incomeRental income arising under operating leases is accounted for on a straight line basis over the lease term.Interest incomeInterest income is recognised as interest accrues.xxi) TaxationCurrent income taxCurrent income tax assets and liabilities for the current and prior periods are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted by the reporting date. Deferred tax assets and liabilities are measured at the tax rate that is expected to apply to the period when the asset is realised or the liability is settled based on the enacted tax rate at the reporting date.(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)