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81GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 201511. Investments at fair value through statement of income2015 2014Market 2015 Market 2014value cost value cost$ $ $ $Quoted shares 3,897 658 3,946 658The fair value of quoted ordinary shares is determined by reference to published price quotations in an active trading market.12. Cash and short%u2013term deposits2015 2014$ $Cash at bank and on hand 15,202 13,044Money Market Fund 13 13Fixed deposits 10,111 %u2013Mutual Fund (ANSA Secured fund) 14,266 41,649Income Fund (ANSA Income fund) 54,824 56,20694,416 110,912Money market fundThis represents a holding in the Unit Trust Corporation TT dollar Income Fund. The Fund earns interest at a rate of 0.9% per annum at year-end (2014: 0.9%).Fixed depositsDuring the year 2015, an amount of $10.11 million was placed in US dollar denominated fxed deposit instruments ranging with maturities from 0.6 years to 3 years, with fxed interest rates ranging from 0.3% to 1.15% per annum. The fxed deposits were invested with a fellow subsidiary (ANSA Merchant Bank Limited) in the ANSA McAL Limited Group of Companies. These fxed deposits are treated as cash and cash equivalents in the consolidated statement of cash fow as the deposits are readily convertible to cash at any point prior to maturity.(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)