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ANNUAL REPORT 2023 115GUARDIAN 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 2023 2022 2022Market value CostMarket value Cost$ $ $ $Investments at fair valuethrough profit and lossQuoted shares 4,511 658 4,401 65812. Investment securitiesThe fair value of quoted ordinary shares is determined by reference to published price quotations in an active trading market.2023 202213. Cash and short%u2013term deposits $ $Cash at bank and on hand 17,530 17,037Money market fund 14 1417,544 17,051Fixed deposits 60,280 58,940 77,824 75,991Money 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 (2022: <1.15%).Fixed depositsAn amount of $60.3 million (2022: $58.9 million) was held in TT dollar denominated fixed deposits with maturities of 1- 5.5 years of which $28 million has a fixed interest rate of 3.00% for 1 year, $12.3 million has a fixed interest rate of 3.00% per annum for 3 years and $20 million has a fixed interest rate of 4.50% per annum for 5.5 years. The fixed deposits were invested with fellow subsidiaries (ANSA Merchant Bank Limited and ANSA Bank Limited) in the ANSA McAL Group of Companies.