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GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2018(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)2018 201721. Related party disclosures (continued) $ $Amounts owed to related partiesUltimate parent %u2013 trading 736 1,090Fellow subsidiaries of ultimate parent %u2013 trading 6,497 2,570Fellow subsidiaries of ultimate parent %u2013 borrowings 1,082 1,5378,315 5,197Investments at fair value through statement of incomeIncluded therein is a holding of less than 1% of the issued share capital of a fellow subsidiary of the ultimate parent. This investment has a carrying value of $3.83 million (2017: $4.01 million) at 31 December 2018. (Refer to Note 11).Cash and cash equivalentsIncluded therein are fxed deposits with a fellow subsidiary of the ultimate parent amounting to $17.9 million at 31 December 2018 (2017: $43 million) (Refer to Note 12). 2018 2017Compensation of key management personnel $ $Short%u2013term employee benefts 4,015 4,238Post-employment benefts 193 172Contributions to defned contribution plans 66 64Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the Group.Operating lease commitments (Rental expenses)The Group has monthly operating lease commitments with a related party in respect of rental of premises. Annual minimum lease payments are summarised belo2018 2017 $ $Within one year %u2013 3,036Within 2 to 5 years %u2013 %u2013 %u2013 3,036100 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2018