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INVESTMENTS | 12 Months Ended
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Dec. 31, 2020
Investments Abstract |
INVESTMENTS | The investments balance consists of:
|  | At December 31 |  | At December 31
(in thousands) |  | 2020 |  | 2019
Investments: |  |  |  |  |  |  |  |
Equity instruments |  | $ | 16,950 |  |  | $ | 12,104 |
|  | $ | 16,950 |  |  | $ | 12,104 |
Investments-by balance sheet presentation: |  |  |  |  |  |  |  |
Current |  | $ | 16,657 |  |  | $ | — |
Long-term |  |  | 293 |  |  |  | 12,104 |
|  | $ | 16,950 |  |  | $ | 12,104 |
The investments continuity summary is as follows:
(in thousands) |  | 2020 |  | 2019
Balance-January 1 |  | $ | 12,104 |  |  | $ | 2,255 |
Proceeds from property disposals (note 10) |  |  | 270 |  |  |  | — |
Purchase of investments |  |  | 7 |  |  |  | 511 |
Sale of investments |  |  | (477 | ) |  |  | — |
Transfer from investment in associates at fair value (note 8) |  |  | — |  |  |  | 10,423 |
Fair value gain (loss) to profit and loss (note 20) |  |  | 5,046 |  |  |  | (1,085 | )
Balance-December 31 |  | $ | 16,950 |  |  | $ | 12,104 |
At December 31, 2020, the Company holds equity instruments consisting of shares and warrants in publicly-traded companies and no debt instruments.

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- Definition The disclosure of investments other than investments accounted for using the equity method. [Refer: Investments other than investments accounted for using equity method] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2019-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2019-en-r&anchor=para_10_e&doctype=Standard -URIDate 2019-03-27 + Details
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