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114 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)25. Risk management (continued)Currency risk (continued)Year ended 31 December 2021 TT US Total$ $ $ASSETSCash and short term%u2013deposits 88,442 1,399 89,841Investment securities 4,331 %u2013 4,331Trade and other receivables 30,748 %u2013 30,748 123,521 1,399 124,920LIABILITIESLease liabilities 3,010 %u2013 3,010Trade and other payables 20,020 7,299 27,319 23,030 7,299 30,329Net currency risk exposure 100,491 (5,900) 94,591Credit 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.