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48 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2022GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESCONSOLIDATED STATEMENT OF CASH FLOWSFOR THE YEAR ENDED 31 DECEMBER 2022(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)2022 2021Notes $ $Cash flows from investing activitiesPurchase of fixed deposits %u2013 (12,643)Purchase of property, plant and equipment 4 (4,534) (3,215)Net cash used in investing activities (4,534) (15,858)Cash flows from financing activitiesPayment of principal portion of lease liabilities (3,513) (3,127)Dividends paid 19 (2,888) (2,088)Net cash used in financing activities (6,401) (5,215)Net decrease in cash and cash equivalents (14,531) (2,675)Cash and cash equivalents at the beginning of the year 31,582 34,257Cash and cash equivalents at the end of the year 13 17,051 31,582The accompanying notes form an integral part of these consolidated financial statements.