Page 79 - Demo

79GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 20158. Deferred taxation (continued)9. Inventories2015 2014$ $Raw materials 8,847 8,477 Machinery spares 2,804 3,081Goods in transit 873 2,89812,524 14,456Less: provision for obsolescence (1,605) (1,573)10,919 12,883The amount of write-down due to obsolescence of inventories recognised as an expense is $31 thousand (2014: $44 thousand). This expense is included in administrative costs.2013(Credit)/ charge to income(Credit)/ charge to OCI 2014$ $ $ $Deferred tax asset Employee beneft obligation (1,085) (10) (16) (1,111) (1,085) (10) (16) (1,111) Deferred tax liabilities Property, plant and equipment 4,588 (541) %u2013 4,047Finance leases 7,696 2,116 %u2013 9,812Employee benefts asset 24,196 750 (1,791) 23,155 36,480 2,325 (1,791) 37,014Net 35,395 2,315 (1,807) 35,903(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)