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MARKETABLE SECURITIES
 6 Months Ended
Jun. 30, 2016
Marketable Securities [Abstract]  
MARKETABLE SECURITIES
MARKETABLE SECURITIES

Our marketable securities are equity securities considered to be available-for-sale securities as at June 30, 2016 and December 31, 2015 are as follows:
(in thousands of $)
 
2016

 
2015

Opening balance
 
14,615

 
—

Acquired as a result of the Merger
 
—

 
5,779

Purchases
 
—

 
32,159

Disposals
 
(328
)
 
—

Other than temporary impairment loss
 
(10,050
)
 
(23,323
)
Unrealized impairment loss included in other comprehensive income
 
(633
)
 
—

 
 
3,604

 
14,615



The other than temporary impairment loss in the six months ended June 30, 2016 was incurred in the first quarter and comprised a loss of $8.5 million in respect of an investment in a company listed on a U.S. stock exchange that was acquired during 2015 and a loss of $1.5 million in respect of an investment in a company listed on the Norwegian 'Over the Counter' market that was acquired as a result of the Merger. The aggregate fair value of Investments in an unrealized loss position at June 30, 2016 is $3.6 million (December 31, 2015: nil), the aggregate value of unrealized losses at June 30, 2016 is $0.6 million (December 31, 2015: nil).

In 2016, the Company sold 33,151 shares in a U.S. listed company for proceeds of $0.1 million and recorded a loss on sale of $0.2 million in 'other financial items'.