Trade receivables

12 Months Ended

Dec. 31, 2023

Trade receivables [Abstract]

Trade receivables

7 Trade receivables

Trade receivables as of December 31, 2023 and 2022, are summarized as follows:

	2023			2022
Maritime
Offshore vessels	$	180,827		$	166,703
Parcel tankers		10,697			12,604
Shipping agencies		1,786			26,904
Bulk Carrier		-			33,896
Maritime infrastructure
Shipyard		33,328			56,343
Ports, terminals and logistics
Port services		371			100
Repair of containers		6,971			9,970
Automotive services		1,291			795
Warehousing and other businesses
Warehousing		31,631			60,040
Other businesses		1,698			1,335
Total trade receivables		268,600			368,690
Contract assets		67,765			97,144
Allowance for doubtful accounts		(28,612	)		(25,975	)
	$	307,753		$	439,859

All amounts are short-term. The net carrying value of trade accounts receivables is considered a reasonable approximation to fair value.

The activity in the allowance for doubtful accounts is presented below:

	2023			2022
Balance as of January 1	$	25,975		$	20,294
Impairment loss for the period		8,737			7,277
Receivables written off during the year		(6,100	)		(1,596	)
Balance as of December 31	$	28,612		$	25,975

Note 25 includes disclosures related to credit risk exposures and the analysis related to the allowance for expected credit losses. In 2023 and 2022 the impairment loss was calculated applying the expected credit loss model in accordance with IFRS 9.