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108 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2021 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2021(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)12. Investment securities 2021 2021 2020 2020Marketvalue CostMarketvalue Cost$ $ $ $Investments at fair valuethrough profit and lossQuoted shares 4,331 658 3,998 65813. Cash and short-term deposits 2021 2020$ $Cash at bank and on hand 31,568 34,243Money market fund 14 14Fixed deposits 58,259 45,616 89,841 79,873The fair value of quoted ordinary shares is determined by reference to published price quotations in an active trading market.Money market fundThis represents a holding in the Unit Trust Corporation TT dollar Income Fund. The Fund earns interest at a rate of <1.15% per annum at year-end (2020: <1.5%).Fixed depositsAn amount of $58.2 million (2020: $45.6 million) was held in TT dollar denominated fixed deposits with maturities of 1 year of which $18.9 million has a fixed interest rate of 1.25% per annum, $27.3 million has a fixed interest rate of 1.20% per annum and $12 million has a fixed interest rate of 0.95% per annum. The fixed deposits were invested with a fellow subsidiary (ANSA Merchant Bank Limited) in the ANSA McAL Group of Companies.