Investments

12 Months Ended

Dec. 31, 2024

Disclosure of detailed information about investment property [abstract]

9. Investments


	2024						2023
	Current		Non Current		Total		Current		Non Current		Total
Investment at amortised cost
Time deposits	$	288,387	$	108,000	$	396,387	$	314,495	$	100,000	$	414,495
Bonds	190,355		141,459		331,814		293,311		160,132		453,443
	478,742		249,459		728,201		607,806		260,132		867,938
Allowance for expected credit losses	(580)		(523)		(1,103)		(1,060)		(1,198)		(2,258)
	478,162		248,936		727,098		606,746		258,934		865,680
Investment at fair value through profit or loss
Investment funds	107,757		—		107,757		102,063		—		102,063
	$	585,919	$	248,936	$	834,855	$	708,809	$	258,934	$	967,743

Investments at amortised cost include time deposits, and bonds which include, zero coupon bonds and listed corporate bonds. All of the investments 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.

Time deposits earned interest based on rates determined by the banks in which the instruments are held. The use of these instruments before its maturity date depends on the cash requirements of the Company.

As of December 31, 2024, the Company has pledged $5.9 million of its time deposits in order to fulfil the collateral requirements for some lease and airport contracts.

Listed corporate bonds, have interest rates ranging between 1.15% and 7.95% (2023: between 1.00% and 5.70%).

The information about the expected credit loss over these financial assets is disclosed in note 28.3

Investments at fair value through profit or loss (“FVPL”) include investments in listed equity shares of an investment fund. Fair values of these equity shares are determined by reference to published price quotations in an active market. During 2024, the Company recognized a net unrealized profit on instruments at FVPL of $5.9 million (2023: $6.3 million net profit) recorded under “Other net non-operating income (expense)” in the accompanying consolidated statement of profit or loss.

For information about the methods and assumptions used in determining fair value see 28.6.