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GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2022 99GUARDIAN 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)9. Deferred taxation (continued)The Group has unutilised tax losses of $1.7 million (2021: $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 $0.5 million (2021: $0.6 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.2020(Credit)/ charge to income(Credit)/ charge to OCIForeign exchange difference 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 and equipment/ 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