XML 33 R19.htm IDEA: XBRL DOCUMENT

Intangible assets, net

12 Months Ended

Dec. 31, 2022

Intangible assets, net

Intangible assets, net

13. Intangible assets, net

The composition and movement of intangible assets is as follows:

Useful

Gross value

Accumulated amortization

Net carrying amount

Life

At December 31,

years

2022

2021

2022

2021

2022

2021

Software

1 - 4

US$

47,850

US$

41,048

US$

(35,125)

US$

(28,416)

US$

12,725

US$

12,632


Balance as of January 1st, 2021		US$	9,603
Additions			10,142
Disposals			(1)
Amortization			(6,752)
Exchange differences			(360)
Balance as of December 31, 2021			12,632
Additions			6,790
Amortization			(6,696)
Exchange differences			(1)
Balance as of December 31, 2022		US$	12,725

During the second half of 2021 and beginning of 2022 the Company implemented the SAP S/4HANA software. During 2022 and 2021 the costs directly attributable to developments and improvements to systems were recognized as an intangible asset and other non-qualifying costs as part of the implementation were recognized in the statements of operations.

Software amortization expense for the years ended December 31, 2022, 2021 and 2020 was US$6,696, US$6,752 and US$4,715, respectively. These amounts were recognized in depreciation and amortization caption on the consolidated statements of operations.