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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)11. Investment securities 2018 2017Market 2018 Market 2017value cost value cost$ $ $ $Investments at fair value through proft and lossQuoted shares 3,827 658 4,011 658Investments at amortised cost Treasury note 14,687 14,687 15,000 15,00018,514 15,345 19,011 15,658The fair value of quoted ordinary shares is determined by reference to published price quotations in an active trading market. During the year, the proceeds from the matured Treasury Note were reinvested into a similar instrument at a yield of 2.15% for one year. The Treasury Note is issued by the Government of the Republic of Trinidad and Tobago (GORTT).2018 201712. Cash and short%u2013term deposits $ $Cash at bank and on hand 29,672 28,502Money Market Fund 13 13Fixed deposits 17,892 43,03947,577 71,554Money market fundThis represents a holding in the Unit Trust Corporation TT dollar Income Fund. The Fund earns interest at a rate of 1.23% per annum at year-end (2017: 0.90%).FINANCIAL REPORT 91