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60GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 20152. Signifcant accounting policies (continued)xxi) Taxation (continued)Deferred income taxA deferred tax charge is provided, using the liability method, on all temporary differences between the tax bases of assets and liabilities and their carrying amounts. The carrying amount of deferred income tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that suffcient taxable proft will be available to allow all or part of the deferred income tax asset to be utilised. Unrecognised deferred income tax assets are re-assessed at each reporting date and are recognised to the extent that it has become probable that future taxable proft will allow the deferred tax to be recovered.Deferred tax relating to items recognised outside proft or loss is recognised outside proft or loss. Deferred tax items are recognised in correlation to the underlying transaction either in other comprehensive income or directly in equity.xxii) Impairment of non%u2013fnancial assetsIntangible assets that have an indefnite useful life or intangible assets not ready for use are not subject to amortisation and are tested annually for impairment. Assets that are subject to amortisation are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the asset%u2019s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset%u2019s fair value less costs of disposal and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are largely independent cash infows (cash-generating units). Prior impairments of non-fnancial assets (other than goodwill) are reviewed for possible reversal at each reporting date.(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)