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48 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2021 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES CONSOLIDATED STATEMENT OF FINANCIAL POSITIONAS AT 31 DECEMBER 2021(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)31 DecemberNotes 2021 2020$ $Equity and liabilitiesEquityStated capital 14 27,288 27,288Treasury shares 14 (1,554) (1,554)Other reserve 14 268 415Retained earnings 233,822 219,832259,824 245,981Non-current liabilitiesLease liabilities 7 1,360 2,574Employee benefit obligation 8 5,763 5,947Deferred tax liabilities 9 44,227 40,145 51,350 48,666Current liabilitesCurrent portion of lease liabilites 7 1,650 3,019Trade and other payables 15 27,319 21,356Taxation payable 1,727 488 30,696 24,863TOTAL EQUITY AND LIABILITIES 341,870 319,510The 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 the 15 March 2022 and signed on their behalf by:_______________________________: Director ______________________________: Director