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GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2021 121GUARDIAN 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)25. Risk management (continued)Credit riskThe Group considers its credit risk with trade debtors to be limited due to the large number of customers comprising the Group%u2019s customer base. The Group grants credit based on evaluations of its customers%u2019 financial situation, and continually monitors the exposure of potential losses from granting credit. The maximum exposure is equal to the carrying amount of trade and other receivables.With respect to credit risk arising from other financial assets which primarily comprises of cash and cash equivalents, the exposure to credit risk arises from default of the counter party. These deposits are placed with highly rated local financial institutions.The Group%u2019s credit risk exposure is geographically concentrated in Trinidad and Tobago. The Group%u2019s credit risk exposure by industry sector of its counterparties is as follows:Gross maximum exposure2021 2020$ $Trade and other receivables 36,896 41,083Cash and short-term deposits 89,841 79,873Total credit risk exposure 126,737 120,956Government and Government agencies 2,867 3,635Financial services sector 89,841 79,873Marketing sector 13,080 14,978Other 20,949 22,470 126,737 120,956