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106 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)2022 202117. Finance costs $ $Interest on lease liabilities 340 264Other interest and finance costs 393 442 733 70618. Taxationa. Taxation (credit)/ expense %u2013 Prior year (306) 6Other levies 385 345Corporation tax 1,845 2,936Deferred taxation (Note 9) (503) (950) 1,421 2,337b. Reconciliation of tax expense and product ofaccounting profit multiplied by the applicabletax rate:Profit before taxation 3,883 6,539Income taxes calculated at statutory rates 1,160 1,956Tax exempt income (241) (164)Prior year (over)/ under accrual (306) 6Non-allowable expenses and other deductions 92 %u2013Other levies 385 345Other permanent differences 331 194 1,421 2,33719. Dividends6% cumulative participating preference shares%u2013 final 2021 %u2013 3% (2020: 3%) 44 44%u2013 interim 2022 %u2013 3% (2021: 3%) 44 4488 88Final ordinary shares dividend for 2021: 7%u00a2 %u2013 paid (2020: 5%u00a2) 2,800 2,000 2,888 2,088