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Expenses | 12 Months Ended
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Dec. 31, 2023
Analysis of income and expense [abstract] |
Expenses | Expenses:
For the years ended December 31 | 2023 | 2022
Cost of sales | $ | 2,797,794 | $ | 3,238,312
Selling and distribution | 552,693 | 498,552
Administrative expenses | 109,415 | 81,657
Total expenses by function | $ | 3,459,902 | $ | 3,818,521
Cost of raw materials and purchased methanol | 2,329,856 | 2,789,921
Ocean freight and other logistics | 357,495 | 325,893
Employee expenses, including share-based compensation | 243,542 | 219,012
Other expenses | 137,179 | 111,275
Cost of sales and operating expenses | 3,068,072 | 3,446,101
Depreciation and amortization | 391,830 | 372,420
Total expenses by nature | $ | 3,459,902 | $ | 3,818,521
For the year ended December 31, 2023 we recorded a share-based compensation expense of $34.5 million (2022 - expense of $15.4 million), the majority of which is included in administrative expenses for the total expenses by function presentation above. Included in cost of sales is $466.3 million (2022 - $532.5 million) of cost of sales which are recognized as sales to Methanex in our Atlas equity investee’s statements of income.

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- Definition The disclosure of expenses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_10_e&doctype=Standard -URIDate 2023-03-23 + Details
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