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GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2021 93GUARDIAN 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 20205. Investment property $ $Balance at 1 January 1,677 3,269Reclassification to property, plant, equipment %u2013 cost %u2013 (5,716)Reclassification to property, plant, equipment %u2013accumulated depreciation %u2013 4,153Transfers from WIP 1 128Depreciation for the year (155) (157)Balance at 31 December 1,523 1,677Investment property at cost 6,365 6,364Accumulated depreciation (4,842) (4,687)Net carrying amount 1,523 1,677Amounts included in the Consolidated Statement of Comprehensive Income/(Loss) for the year:2021 2020Rental income 1,632 1,641Direct operating expenses 87 71The Group has no restrictions on the realisability of its investment properties and no contractual obligations to purchase, construct or develop investment properties or for repairs, maintenance and enhancements.The Group has 24% of space available for rental at its property on 22-24 St. Vincent Street, Port of Spain, which has been classified as Investment property. There was no change in the allocation of space over prior year.