Page 23 - Demo

REPORT OF THE DIRECTORSThe Directors have pleasure in presenting their Report to the Members together with the Audited Financial Statements for the year ended 31 December 2019. (Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated).RESULTS OF THE YEAR 2019$ $Total Comprehensive Gain for the Year 2,001Deduct:Dividend Paid:PREFERENCE - Final 2018 - 4% 58Interim 2019 - 4% 59ORDINARY - Final 2018 - 0 cents per share 0Interim 2019 - 0 cents per share 0 <117>Other Transfers and Movements 0Gain for the Year 1,884Retained Earnings and Other Reserves brought forward 224,890Retained Earnings and Other Reserves at 31 December 2019 226,774DIVIDENDSAn Interim Dividend of 4% was paid to participating Preference Shareholders and zero cents was paid to Ordinary Shareholders in November 2019.AUDITORSErnst & Young have expressed their willingness to continue in office. BY ORDER OF THE BOARDHema Ramdass-ChatoorHema Ramdass-Chatoor Company Secretary25th March 2020GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2019 23