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Investments
 12 Months Ended
Dec. 31, 2020
Text block [abstract]  
Investments
 
9.
Investments
 
 
  
2020
 
 
2019
 
 
  
Current
 
 
Non Current
 
 
Total
 
 
Current
 
 
Non Current
 
 
Total
 
Time deposits
  
$
430,000
 
 
$
80,000
 
 
$
510,000
 
 
$
640,500
 
 
$
60,000
 
 
$
700,500
 
Bonds
  
 
341,854
 
 
 
39,796
 
 
 
381,650
 
 
 
52,573
 
 
 
74,634
 
 
 
127,207
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
771,854
 
 
 
119,796
 
 
 
891,650
 
 
 
693,073
 
 
 
134,634
 
 
 
827,707
 
       
Allowance for expected credit losses
  
 
(1,038
) 
 
 
(179
) 
 
 
(1,217
) 
 
 
(670
) 
 
 
(287
) 
 
 
(957
) 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
$
770,816
 
 
$
119,617
 
 
$
890,433
 
 
$
692,403
 
 
$
134,347
 
 
$
826,750
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Time deposits earned interest based on rates determined by the banks in which the instruments are held. The use of these instruments depends on the cash requirements of the Company. Time deposits with a contractual maturity of less than 365 days, bear interest at rates ranging between 0.27% and 4.38% (2019: between 2.00% and 3.75%), and those with a contractual maturity of more than 365 have rates ranging between 1.20% and 4.25% (2019: between 3.25% and 4.38%).
The Company acquired bonds with semiannual interest payment, the effective interest rates of these investments ranging between 0.21% and 3.32% (2019: between 2.06% and 3.32%).
All of the investments at amortized cost are denominated in U.S. dollar, as a result, there is no exposure to foreign currency risk. There is also no exposure to price risk as the investments will be held to maturity.
The information about the expected credit loss over these financial assets are disclosed in note 28.3.