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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)2. Signifcant accounting policies (continued)xix) ProvisionsProvisions are required when the Group has a present obligation as a result of a past event, where it is probable that an outfow of resources embodying economic benefts will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation.Restructuring provisions are recognised only when the Group has a constructive obligation, which is when a detailed formal plan identifes the business or part of the business concerned, the location and number of employees afected, a detailed estimate of the associated costs, and an appropriate timeline, and the employees afected have been notifed of the plan%u2019s main features.When the Group can reliably measure the outfow of economic benefts in relation to a specifc matter and considers such outfows to be probable, the Group records a provision against the matter. Given the subjectivity and uncertainty of determining the probability amount of losses, the Group takes into account a number of factors including legal advice, the stage of the matter and historical evidence from similar incidents. Signifcant judgment is required to conclude on these estimates.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, including related parties, is recognised with the publication or broadcast of the advertisement and the amount of the revenue can be measured reliably. Income from newspaper circulation and job printing are recognised upon delivery of the goods, and the amount of revenue can be measured reliably. 66 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2018