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98 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2022GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2022(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)8. Employee benefits (continued)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 2023.The weighted average duration of the defined benefit obligation at the end of the reporting period is 15 years (2021: 15 years) for the defined benefit plan and 14 years (2021: 14 years) for the postretirement medical plan.9. Deferred taxation2021(Credit)/ charge to income(Credit)/ charge to OCIForeign exchange difference 2022Deferred tax assetEmployee benefits obligation (1,727) (39) 47 %u2013 (1,719)Right-of-use asset (55) (46) %u2013 %u2013 (101)Provisions (89) (92) %u2013 %u2013 (181)Tax loss (567) 49 %u2013 %u2013 (518) (2,438) (128) 47 %u2013 (2,519)Deferred tax liabilitiesProperty, plant and equipment/ Investment property 2,435 (714) %u2013 %u2013 1,721Intangible assets 668 %u2013 %u2013 %u2013 668Finance leases 7,637 (704) %u2013 %u2013 6,933Employee benefits asset 33,487 1,043 (2,273) %u2013 32,257 44,227 (375) (2,273) %u2013 41,579Net deferred tax (credit)/charge (503) (2,226) %u2013