Property and equipment (Tables)

12 Months Ended

Dec. 31, 2023

Property and equipment [Abstract]

Summary of Property and Equipment

Property and equipment as of December 31, 2023 and 2022 are summarized as follows:

	2023
	Net balances at beginning of year		Additions			Disposals		Transfers and others				Depreciation		Net balances at year end		Estimated useful lives (years)
Maritime equipment	$	53,579	$	-		$	-	$	(9,659	)		$	23,172	$	20,748		3
Shipyard		114		-			-		-				30		84		40
Major maintenance		14,582		23,301			-		(4,857	)			10,929		22,097		2.5
Buildings and facilities		103,815		-			-		404				3,186		101,033		20 y 25
Warehousing equipment		601		-			-		(392	)			177		32		10
Computer equipment		182		93			-		(22	)			102		151		3 y 4
Terminal equipment		20,996		-			-		-				2,133		18,863		10
Ground transportation equipment		3,132		2,096			-		-				898		4,330		4.5 y 10
Other equipment		10,101		128			-		23				1,538		8,714
		207,102		25,618			-		(14,503	)			42,165		176,052
Lands		1,147,174		-			-		272,500		(b)		-		1,419,674
Constructions in progress		136,495		105,727	(a)		-		(11,816	)			-		230,406
	$	1,490,771	$	131,345		$	-	$	246,181			$	42,165	$	1,826,132

	2022
	Net balances at beginning of year		Additions		Disposals			Transfers and others			Depreciation		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 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	(c)		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

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 and equipment at December 31, 2023 and 2022 is $183,592 and $141,427, respectively.

(a) Consists mainly of the design and conversion projects for the Aurora Pearl and World Peridot mud vessels for $65,857 and $36,443, respectively. The start of operations of these vessels occurred at the end of the 1st quarter of 2024.

(b) Corresponds to the transfer of assets available for sale because the sale has not been completed. As of December 31, 2022, the asset held for sale corresponds to land located at Tuxpan Veracruz. During Q4 of 2023, the offer maintained by an independent third party was withdrawn due to changes in its strategic plan. In addition, Management decided not to continue with the plans to sell this asset, as a result, Management decided to classify the land again as PP&E.

(c) It consists of the retirement of 5 real properties in August de 2022, 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).

Cost Model Revalued Carrying Amounts

If the cost model had been used, the revalued carrying amounts for land and properties as of December 31, 2023 and 2022, would be as follows:

	2023		2022
Lands	$	847,745	$	653,640
Properties		198,736		126,675
	$	1,046,481	$	780,315