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ANNUAL REPORT 2024 137GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2024(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)2024 202321. Related party disclosures (continued) $ $Amounts owed to related partiesUltimate parent %u2013 trading 771 18Fellow subsidiaries of ultimate parent %u2013 trading 712 2111,483 229Fellow subsidiaries of ultimate parent %u2013 lease liabilities 924 1,256 2,407 1,485Investments at fair value through statement of incomeIncluded therein is a holding of less than 1% of the issued share capital of a fellow subsidiary of the ultimate parent. This investment has a carrying value of $3.95 million at 31 December 2024 (2023: $4.5 million). (Refer to Note 12).Cash and short-term depositsIncluded therein are fixed deposits with a fellow subsidiary of the ultimate parent amounting to $61.1 million at 31 December 2024 (2023: $60.3 million) (Refer to Note 13).2024 2023Compensation of key management personnel $ $Short%u2013term employee benefits 922 1,481Contributions to defined contribution plans 30 42Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the Group.