Page 34 - Demo

GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESCONSOLIDATED STATEMENT OF FINANCIAL POSITIONAS AT 31 DECEMBER 2019(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued) 31 DecemberNotes 2019 2018$ $Equity and liabilities EquityStated capital 14 27,288 27,288Treasury shares 14 (1,554) (1,554)Other reserves 14 270 270Retained earnings 226,504 224,620 252,508 250,624Non%u2013current liabilitiesLease liabilities 7 6,269 606Employee benefits obligation 8 5,755 5,581Deferred tax liabilities 9 46,350 44,496 58,374 50,683Current liabilitiesCurrent portion of lease liabilities 7 3,592 476Trade and other payables 15 25,141 25,786Taxation payable %u2013 5 28,733 26,267TOTAL EQUITY AND LIABILITIES 339,615 327,574The accompanying notes form an integral part of these consolidated financial statements.These consolidated financial statements were authorised for issue by the Board of Directors on 25 March 2020 and signed on their behalf by:Peter Clarke Alain Nicholas Sabga: Director : Director34 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2019