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ANNUAL REPORT 2023 119GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2023(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)2023 202217. Finance costs $ $Interest on lease liabilities 352 340Other interest and finance costs 374 393 726 73318. Taxationa) Taxation credit %u2013 Prior year %u2013 (306)Other levies 976 385Corporation tax 60 1,845Deferred taxation (Note 9) (3,020) (503) (1,984) 1,421b) Reconciliation of tax expense and product ofaccounting profit multiplied by the applicabletax rate:(Loss)/profit before taxation (10,602) 3,883Income taxes calculated at statutory rates (3,197) 1,160Tax exempt income (51) (241)Prior year over accrual %u2013 (306)Non-allowable expenses and other deductions 68 92Other levies 976 385Other permanent differences 220 331 (1,984) 1,421%u2014 final 2022 %u2013 3% (2021: 3%) 44 44%u2014 interim 2023 %u2013 3% (2022: 3%) 44 4488 88Final ordinary shares dividend for 2022: 4%u00a2 %u2013 paid (2021: 7%u00a2) 1,600 2,800 1,688 2,88819. Dividends6% cumulative participating preference shares