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GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2018(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)23. Capital commitments and contingenciesContingencies %u2013 legal actionThe Group operates in a regulatory and legal environment that, by nature, has an element of litigation risk inherent to its operations. As a result, it is involved in various litigation proceedings arising in the ordinary course of the Group%u2019s business.As disclosed in Note 15 there were a number of writs served against the Company for libel for which provisions have been established and recorded in respect of these matters which were considered probable liabilities. There are also certain other pending legal actions and other claims in which the Group is involved where the directors are of the opinion that, based on information provided by the Group%u2019s attorneys-at-law, if any liability should arise out of these claims it is not likely to be probable. Accordingly, no provision has been made in these consolidated fnancial statements in respect of these matters.Contingencies %u2013 business combination The Group acquired 100% of the voting shares of iRadio Inc., a radio broadcasting company that is duly registered and operates in the Republic of Guyana. As part of the acquisition US$500,000 was paid into escrow by the Group, representing contingent consideration payable to the seller when the radio licence was renewed. US$250,000 of this amount was paid to the seller on 8 October 2018 and the balance of US$250,000 was paid subsequent to the year end, on 7 February 2019. There are no amounts remaining in escrow as at the date of approval of these consolidated fnancial statements.Operating lease commitments %u2013 Group as lessor The Group is involved in leases on transmission towers and investment properties. Future minimum rentals receivable under non-cancellable operating leases as at 31 December are, as follows:2018 2017 $ $ Within one year 2,467 2,444Within 2 to 5 years 4,042 4,002 6,509 6,446102 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2018