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38 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2020 FINANCIALS 20202020 2019Notes $ $Cash flows from investing activitiesProceeds from sale of right-of-use assets %u2013 339Purchase of investment securities %u2013 (19,628)Proceeds from investment securities 19,628 14,687Purchase of fixed deposits 13 (27,366) (18,250)Purchase of property, plant and equipment 4 (1,006) (4,609)Purchase of right-to-use assets 7 %u2013 (677)Purchase of intangible assets 6 %u2013 (164)Net cash used in investing activities (8,744) (28,302) Cash flows from financing activitiesPayment of principal portion of lease liabilities (3,335) (4,195)Addition of lease liabilities 7 %u2013 677Dividends paid 19 (73) (117)Net cash used in financing activities (3,408) (3,635)Net increase/(decrease) in cash and cash equivalents 8,542 (21,862)Cash and cash equivalents at the beginning of the year 25,715 47,577Cash and cash equivalents at the end of the year 13 34,257 25,715The accompanying notes form an integral part of these consolidated financial statements.GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESCONSOLIDATED STATEMENT OF CASH FLOWSFOR THE YEAR ENDED 31 DECEMBER 2020(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)