Page 106 - Demo
P. 106


                                    104 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2021 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2021(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)8. Employee benefits (continued)The sensitivity analyses above have been determined based on a method that extrapolates the impact on net defined benefit obligation as a result of reasonable changes in key assumptions occurring at the end of the reporting period.The pension plan is maintained at a significant surplus; the Group has chosen not to take any contribution holidays to ensure the continued health of the Plan in changing economic circumstances. The Group%u2019s contribution rate of 4% of pensionable salaries will continue into the foreseeable future. The Group is expected to contribute $1.2 million to its defined benefit plans and $0.4 million to its post-employment benefit plans in 2022.The weighted average duration of the defined benefit obligation at the end of the reporting period is 15 years (2020: 15 years) for the defined benefit plan and 14 years (2020: 14 years) for the postretirement medical plan.9. Deferred taxation2020(Credit)/charge toincome(Credit)/charge toOCIForeignexchangedifference 2021Deferred tax assetEmployee benefits obligation (1,783) (24) 80 %u2013 (1,727)Right-of-use asset (71) 16 %u2013 %u2013 (55)Provisions (154) 65 %u2013 %u2013 (89)Tax loss (676) %u2013 %u2013 109 (567) (2,684) 57 80 109 (2,438)Deferred tax liabilitiesProperty, plant andequipment/Investment property 3,441 (1,006) %u2013 %u2013 2,435Intangible assets 668 %u2013 %u2013 %u2013 668Finance leases 8,327 (690) %u2013 %u2013 7,637Employee benefits asset 27,709 689 5,089 %u2013 33,487 40,145 (1,007) 5,089 %u2013 44,227Net deferred tax(credit)/charge (950) 5,169 109
                                
   100   101   102   103   104   105   106   107   108   109   110