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Property, vessels and equipment
 12 Months Ended
Dec. 31, 2022
Property, vessels and equipment [Abstract]  
Property, vessels and equipment
9
Property, vessels and equipment
 
Property, vessels and equipment as of December 31, 2022 and 2021 are summarized as follows:

 
   
2022
  
 
  
Net
balances at beginning
of year
    
Additions
    
Disposals
      
Transfers and others
    
Depreciation
/ loss from
revaluation
    
Net balances
at year end
    
Estimated useful lives(years)
  
Maritime equipment
  
$
70,838
    
$
-
    
$
-
      
$
(4,099
)
  
$
13,160
    
$
53,579
      
3
  
Shipyard
    
149
      
-
      
-
        
-
      
35
      
114
      
40
  
Major vessel maintenance
    
1,945
      
-
      
-
        
15,185
      
2,548
      
14,582
      
2.5
  
Buildings and facilities
    
116,714
      
425
      
-
        
(9,780
)
    
3,544
      
103,815
      
20 y 25
  
Warehousing equipment
    
387
      
290
      
-
        
(1
)
    
75
      
601
      
10
  
Computer equipment
    
277
      
49
      
-
        
(5
)
    
139
      
182
      
3 y 4
  
Terminal equipment
    
23,337
      
1
      
-
        
(2
)
    
2,340
      
20,996
      
10
  
Ground transportation equipment
    
2,564
      
1,321
      
-
        
-
      
753
      
3,132
      
4.5 y 10
  
Other equipment
    
8,434
      
3,620
      
-
        
(458
)
    
1,495
      
10,101
          
 
    
224,645
      
5,706
      
-
        
840
      
24,089
      
207,102
          
Lands
    
1,199,550
      
-
      
61,973
  
(a)
    
9,597
      
-
      
1,147,174
          
Constructions in progress
    
116,743
      
19,525
      
-
        
227
      
-
      
136,495
          
 
  
$
1,540,938
    
$
25,231
    
$
61,973
      
$
10,664
    
$
24,089
    
$
1,490,771
          


   
2021
  
   
Net
balances at beginning of year
    
Additions
      
Disposals
      
Transfers
and others
      
Depreciation
/ loss from
revaluation
    
Net balances at year end
    
Estimated useful lives(years)
  
Vessels
  
$
182,055
    
$
-
      
$
119,832
  
(b)
  
$
(51,591
)
(c)
  
$
10,632
    
$
-
      
25
  
Maritime equipment
    
-
      
33,836
        
-
        
37,002
        
-
      
70,838
      
3
  
Shipyard
    
190
      
-
        
-
        
-
        
41
      
149
      
40
  
Major vessel maintenance
    
6,858
      
-
        
5,486
        
2,376
        
1,803
      
1,945
      
2.5
  
Buildings and facilities
    
286,232
      
-
        
48,869
  
(d)
    
(108,094
)
(c)
    
12,555
      
116,714
      
20 y 25
  
Warehousing equipment
    
450
      
-
        
-
        
-
        
63
      
387
      
10
  
Computer equipment
    
397
      
100
        
-
        
-
        
220
      
277
      
3 y 4
  
Terminal equipment
    
24,309
      
1,381
        
-
        
-
        
2,353
      
23,337
      
10
  
Ground transportation equipment
    
3,730
      
54
        
-
        
-
        
1,220
      
2,564
      
4.5 y 10
  
Other equipment    
9,500
      
89
        
-
        
23
        
1,178
      
8,434
          

   
513,721
      
35,460
        
174,187
        
(120,284
)
      
30,065
      
224,645
          
Lands
    
1,934,345
      
-
        
158,287
  
(d)
    
(576,508
)
(c)
    
-
      
1,199,550
          
Constructions in progress
    
83,930
      
40,008
  
(e)
    
-
        
(7,195
)
      
-
      
116,743
          
 
  
$
2,531,996
    
$
75,468
      
$
332,474
      
$
(703,987
)
    
$
30,065
    
$
1,540,938
          

 
All the amounts for depreciation and for loss from revaluation are included as part of the depreciation, amortization, and loss from revaluation on the consolidated statements of profit or loss.
 
The accumulated depreciation on property, vessels and equipment at December 31, 2022 and 2021 is $141,427 and $197,950, respectively.

 

 (a)
It consists of the retirement of 5 real properties in August, the real property named “El Montero” and 4 real properties classified as available-for-sale, pursuant to the accord and satisfaction contract with Fibra FUNO for the total payment of liabilities in benefit of Fibra FUNO in lease agreements. A total loss was incurred on the operation in the amount of $57,804. (See Note 10).
 

 (b)
On January 8, 2021, the ship “Olmeca” was sold to company Athene Shipping Limited, which was delivered in Singapore. The advance received was used to prepay the line of credit with Act Maritime LLC for $3.5 million dollars in December 2020.
 

 (c)
It is mainly made up of the transfer to the assets classified as held for sale for $446,951 and the cancellation of the revaluation surplus for $284,584.
 

 (d)
It is mainly made up of the write-offs of 3 properties for $191,000, registering a loss of $130,000, recorded under other expenses (see Note 19).
 

 (e)
Corresponds mainly to investments in Inmobiliaria Dos Naciones, S. de R.L. of C.V. for the Dam project.
 
If the cost model had been used, the revalued carrying amounts for vessels, land and properties as of December 31, 2022 and 2021, would be as follows:
 
   
2022
    
2021
  
Lands
  
$
653,640
    
$
715,613
  
Properties
    
126,675
      
133,342
  
   
$
780,315
    
$
848,955
  
 
The revalued amounts include a revaluation surplus of $753,439 and $824,600 in 2022 and 2021, respectively, before taxes, which is not available for distribution to stockholders (see Note 17).
 
Fair value measurement
 
See Note 25 regarding the measuring of fair value for properties.
 
Guarantees
 
At the end of 2022 and 2021, there were three properties securing various bank loans. Likewise, as of December 31, 2022 and 2021, there was an RTG crane under guarantee with ‘PNC Bank, N.A.’.