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94 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2020 FINANCIALS 2020GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2020(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)12. Investment securities 2020Marketvalue2020Cost2019Marketvalue2019Cost$ $ $ $Investments at fair valuethrough profit and lossQuoted shares 3,998 658 3,587 658Investments at amortised costTreasury note %u2013 %u2013 19,628 19,628 3,998 658 23,215 20,286The fair value of quoted ordinary shares is determined by reference to published price quotations in an active trading market. During the year, investment in the Treasury Note matured.Money market fundThis represents a holding in the Unit Trust Corporation TT dollar Income Fund. The Fund earns interest at a rate of <1.5% per annum at year-end (2019: <1.4%).Fixed depositsAn amount of $45.6 million (2019: $18.3 million) was held in TT dollar denominated fixed deposits with maturities of 1 year and fixed interest rates ranging from 1% to 2% per annum. The fixed deposits were invested with a fellow subsidiary (ANSA Merchant Bank Limited) in the ANSA McAL Limited Group of Companies. 2020 201913. Cash and short%u2013term deposits $ $Cash at bank and on hand 34,243 25,702Money market fund 14 13Fixed deposits 45,616 18,250 79,873 43,965