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GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2020 91GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2020(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)9. Deferred taxation (continued)The Group has unutilised tax losses of $2.3 million (2019: $7.8 million) available to be carried forward and applied against future taxable income of the Group.The Group has recognised a deferred tax asset of $0.7 million (2019: $2.8 million) on the cumulative taxation losses incurred. The recoverability of these deferred tax assets depends on the Group%u2019s ability to generate future taxable profits. The Group believes that these deferred tax assets are recoverable because these losses are expected to shelter taxable profits in the foreseeable future.2018(Credit)/ charge to income(Credit)/ charge to OCI(Credit)/charge to reserves 2019Deferred tax assetEmployee benefits obligation (1,674) (25) (27) %u2013 (1,726)Provisions %u2013 (227) %u2013 %u2013 (227)Tax loss (1,787) (993) %u2013 %u2013 (2,780) (3,461) (1,245) (27) %u2013 (4,733)Deferred tax liabilitiesProperty, plant and equipment/Investment property 5,925 (1,222) %u2013 %u2013 4,703Intangible assets 1,053 (226) %u2013 %u2013 827Finance leases 9,873 (692) %u2013 %u2013 9,181Right-of-use asset %u2013 28 %u2013 %u2013 28Employee benefits asset 27,645 666 3,300 %u2013 31,611 44,496 (1,446) 3,300 %u2013 46,350Net deferred tax charge/(credit) (2,691) 3,273