Note 10. Investment Property All of the Group’s investment property is located in Europe and forms part of the security granted in connection with bonds issued by a subsidiary of the Group (see Note 15). | | | | | | | Changes in investment property included in non-current assets: | | 2024 | | 2023 | Balance, beginning of year | | $ | 31,540 | | $ | 31,850 | Additions | | | 811 | | | — | Changes in fair value during the year | | | 2,005 | | | 554 | Disposals | | | (81) | | | (1,232) | Reclassification from Real Estate for Sale | | | 12,620 | | | — | Currency translation adjustments | | | 766 | | | 368 | Balance, end of year | | $ | 47,661 | | $ | 31,540 |
The amounts recognized in profit or loss in relation to investment property during the years ended December 31, 2024, 2023 and 2022 were as follows: | | | | | | | | | | Years ended December 31: | | 2024 | | 2023 | | 2022 | Rental income | | $ | 2,192 | | $ | 1,473 | | $ | 1,356 | Direct operating expenses (including repairs and maintenance) arising from investment property during the year | | | 692 | | | 398 | | | 324 |
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