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GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2022 109GUARDIAN 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)2022 202121. Related party disclosures (continued) $ $Amounts owed to related partiesUltimate parent %u2013 trading 136 154Fellow subsidiaries of ultimate parent %u2013 trading 2,528 6,2272,664 6,381Fellow subsidiaries of ultimate parent %u2013 lease liabilities 317 1,033 2,981 7,414Investments 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 $4.4 million at 31 December 2022 (2021: $4.3 million). (Refer to Note 12).Cash and short-term depositsIncluded therein are fixed deposits with a fellow subsidiary of the ultimate parent amounting to $58.94 million at 31 December 2022 (2021: $58.26 million) (Refer to Note 13).2022 2021Compensation of key management personnel $ $Short%u2013term employee benefits 1,711 1,741Contributions to defined contribution plans 42 42Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the Group.