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GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2021 105GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2021(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 (2020: $2.3 million) available to be carried forward and applied against future taxable income of the Group.The Group has recognised a deferred tax asset of $0.6 million (2020: $0.7 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.2019(Credit)/charge toincome(Credit)/charge toOCIForeignexchangedifference 2020Deferred tax assetEmployee benefits obligation (1,726) (16) (41) %u2013 (1,783)Right-of-use asset %u2013 71 %u2013 %u2013 (71)Provisions (227) 73 %u2013 %u2013 (154)Tax loss (2,780) 2,119 %u2013 (15) (676) (4,733) 2,105 (41) (15) (2,684)Deferred tax liabilitiesProperty, plant andequipment/Investment property 4,703 (1,262) %u2013 %u2013 3,441Intangible assets 827 (159) %u2013 %u2013 668Finance leases 9,181 (854) %u2013 %u2013 8,327Right-of-use asset 28 (28) %u2013 %u2013 %u2013Employee benefits asset 31,611 896 (4,798) %u2013 27,709 46,350 (1,407) (4,798) %u2013 40,145Net deferred taxcharge/(credit) 698 (4,839) (15)