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44 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2022GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESCONSOLIDATED STATEMENT OF FINANCIAL POSITIONAS AT 31 DECEMBER 2022(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)31 DecemberNotes 2022 2021$ $Equity and liabilitiesEquityStated capital 14 27,288 27,288Treasury shares 14 (1,554) (1,554)Other reserve 14 167 268Retained earnings 228,263 233,822 254,164 259,824Non%u2013current liabilitiesLease liabilities 7 6,996 1,360Employee benefits obligation 8 5,737 5,763Deferred tax liabilities 9 41,579 44,227 54,312 51,350Current liabilitiesCurrent portion of lease liabilities 7 3,773 1,650Trade and other payables 15 22,255 27,319Taxation payable 1 1,727 26,029 30,696TOTAL EQUITY AND LIABILITIES 334,505 341,870The 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 13 March 2023 and signed on their behalf by:__________________________________ : Director __________________________________ : Director