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100 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2023(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)2023 20225. Investment property $ $Balance at 1 January 1,383 1,523Depreciation for the year (136) (140)Balance at 31 December 1,247 1,383Investment property at cost 6,365 6,365Accumulated depreciation (5,118) (4,982)Net carrying amount 1,247 1,383Amounts included in the Consolidated Statement of Comprehensive Loss for the year:2023 2022Rental income 1,821 1,850Direct operating expenses 152 113The 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 an Investment property. There was no change in the allocation of space over the prior year.