| Intangible Assets other than Goodwill |
NOTE 8: INTANGIBLE ASSETS OTHER THAN GOODWILL
Net Book Value of Intangible Assets other than Goodwill as at December 31, 2022
| December 31, 2022 |
Acquisition Cost |
|
Accumulated Depreciation |
|
Net Book Value |
| Port terminal operating rights |
$ |
53,152 |
|
$ |
(15,832) |
|
$ |
37,320 |
| Customer relationships |
|
36,120 |
|
|
(27,247) |
|
|
8,873 |
| Total intangible assets |
$ |
89,272 |
|
$ |
(43,079) |
|
$ |
46,193 | Net Book Value of Intangible Assets other than Goodwill as at December 31, 2021
| December 31, 2021 |
Acquisition Cost |
|
Accumulated Depreciation |
|
Net Book Value |
| Port terminal operating rights |
$ |
53,152 |
|
$ |
(14,834) |
|
$ |
38,318 |
| Customer relationships |
|
36,120 |
|
|
(25,472) |
|
|
10,648 |
| Total intangible assets |
$ |
89,272 |
|
$ |
(40,306) |
|
$ |
48,966 | Amortization expense the years ended December 31, 2022, 2021 and 2020 were as follows:
| |
Amortization Expense Year Ended December 31, 2022 |
|
Amortization Expense Year Ended December 31, 2021 |
|
Amortization Expense Year Ended December 31, 2020 |
| Port terminal operating rights |
$ |
998 |
|
$ |
998 |
|
$ |
998 |
| Customer relationships |
|
1,775 |
|
|
1,774 |
|
|
1,775 |
| Total |
$ |
2,773 |
|
$ |
2,772 |
|
$ |
2,773 | The remaining aggregate amortization of acquired intangibles as of December 31, 2022 was as follows:
Description |
|
Within one year |
|
Year Two |
|
Year Three |
|
Year Four |
|
Year Five |
|
Thereafter |
|
Total |
| Port terminal operating rights |
|
$ |
995 |
|
$ |
995 |
|
$ |
995 |
|
$ |
995 |
|
$ |
995 |
|
$ |
32,345 |
|
$ |
37,320 |
| Customer relationships |
|
|
1,775 |
|
|
1,775 |
|
|
1,775 |
|
|
1,775 |
|
|
1,773 |
|
|
— |
|
|
8,873 |
| Total amortization |
|
$ |
2,770 |
|
$ |
2,770 |
|
$ |
2,770 |
| $ |
2,770 |
|
$ |
2,768 |
|
$ |
32,345 |
|
$ |
46,193 |
|