Page 117 - Demo

GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2021 115GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2021(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)2021 202021. Related party disclosures (continued) $ $Amounts owed to related partiesUltimate parent %u2013 trading 154 354Fellow subsidiaries of ultimate parent %u2013 trading 6,227 3836,381 737Fellow subsidiaries of ultimate parent %u2013 lease liabilities 1,033 837 7,414 1,574Sales to related partiesOther related parties %u2013 4,000 %u2013 4,0002021 2020Compensation of key management personnel $ $Short%u2013term employee benefits 1,741 1,020Contributions to defined contribution plans 42 42Investments 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 $4.3 million at 31 December 2021 (2020: $3.99 million). (Refer to Note 12).Cash and short-term depositsIncluded therein are fixed deposits with a fellow subsidiary of the ultimate parent amounting to $58.26 million at 31 December 2021 (2020: $45.6 million) (Refer to Note 13). Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the Group.