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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)8. Deferred taxation (continued)The Group has unutilised tax losses of $7 million (2017: $4.99 million) available to be carried forward and applied against future taxable income of the Group.The Group has recognised a deferred tax asset of $2.1 million (2017: $1.4 million) on the cumulative taxation losses incurred. The recoverability of these deferred tax assets depends on the Group%u2019s ability to generate future taxable profts. The Group believes that these deferred tax assets are recoverable because these losses are expected to shelter taxable profts in the foreseeable future. 2016(Credit)/ charge to income(Credit)/ charge to OCI 2017 $ $ $ $Deferred tax assetEmployee benefts obligation (1,093) (39) (187) (1,319)Tax loss %u2013 (1,443) %u2013 (1,443)Provisions (854) 854 %u2013 %u2013 (1,947) (628) (187) (2,762)Deferred tax liabilitiesProperty, plant and equipment/Investment property 6,060 190 %u2013 6,250Finance leases 11,104 (510) %u2013 10,594Employee benefts asset 26,270 514 7 26,791 43,434 194 7 43,635Net deferred tax credit (434) (180)FINANCIAL REPORT 87