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Investment Property
 12 Months Ended
Dec. 31, 2019
Investment Property  
Investment Property

Note 11. Investment Property

All of the Group’s investment property is located in Europe.

 

 

 

 

 

 

 

 

Changes in investment property included in non-current assets:

    

2019

    

2018

Balance, beginning of year

 

$

37,804

 

$

37,660

Change in fair value during the year

 

 

2,996

 

 

(274)

Disposals

 

 

 —

 

 

(976)

Currency translation adjustments

 

 

(2,595)

 

 

1,394

Balance, end of year

 

$

38,205

 

$

37,804

 

The amounts recognized in profit or loss in relation to investment property during the years ended December 31, 2019, 2018 and 2017 are as follows:

 

 

 

 

 

 

 

 

 

 

 

Years ended December 31:

    

2019

    

2018

    

2017

Rental income

 

$

1,652

 

$

1,611

 

$

1,510

Direct operating expenses (including repairs and maintenance) arising from investment property during the year

 

 

266

 

 

193

 

 

256