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102 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2022GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2022(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)12. Investment securities2022 2022 2021 2021Market value CostMarket value Cost$ $ $ $Investments at fair valuethrough profit and lossQuoted shares 4,401 658 4,331 658The fair value of quoted ordinary shares is determined by reference to published price quotations in an active trading market. 2022 202113. Cash and short%u2013term deposits $ $Cash at bank and on hand 17,037 31,568Money market fund 14 1417,051 31,582Fixed deposits 58,940 58,259 75,991 89,841Money market fundThis represents a holding in the Unit Trust Corporation TT dollar Income Fund. The Fund earns interest at a rate of <1.19% per annum at year-end (2021: <1.15%).Fixed depositsAn amount of $58.9 million (2021: $58.2 million) was held in TT dollar denominated fixed deposits with maturities of 1 year of which $31.3 million has a fixed interest rate of 1.25% per annum, $27.6 million has a fixed interest rate of 1.50% per annum. The fixed deposits were invested with a fellow subsidiary (ANSA Merchant Bank Limited) in the ANSA McAL Group of Companies.