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60 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESGUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES CONSOLIDATED STATEMENT OF CASH FLOWSFOR THE YEAR ENDED 31 DECEMBER 2023(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)2023 2022Notes $ $Cash flows from investing activitiesProceeds from sale of assets 161 %u2013Purchase of fixed deposits (1,340) %u2013Purchase of property, plant and equipment 4 (6,288) (4,534)Net cash used in investing activities (7,467) (4,534)Cash flows from financing activitiesPayment of principal portion of lease liabilities (3,554) (3,513)Dividends paid 19 (1,688) (2,888)Net cash used in financing activities (5,242) (6,401)Net increase/(decrease) in cash and cash equivalents 493 (14,531)Cash and cash equivalents at the beginning of the year 17,051 31,582Cash and cash equivalents at the end of the year 13 17,544 17,051The accompanying notes form an integral part of these consolidated financial statements.