FOREIGN TRADE BANK OF LATIN AMERICA, INC. | CIK:0000890541 |

 

A breakdown of cost, accumulated amortization, additions, sales and disposals for intangible assets is as follows:

Costs:
Balance as of January 1, 2015		10,987
Additions		-
Disposals		(211)
Balance as of December 31, 2015		10,776
Additions		3,111
Disposals		(4)
Balance as of December 31, 2016		13,883
Additions		3,370
Disposals		(81)
Balance as of December 31, 2017		17,172
Accumulated amortization:
Balance as of January 1, 2015		9,963
Disposals		(210)
Amortization expense of the year		596
Balance as of December 31, 2015		10,349
Disposals		(4)
Amortization expense of the year		629
Balance as of December 31, 2016		10,974
Disposals		(65)
Amortization expense of the year		838
Balance as of December 31, 2017		11,747
Carrying amounts as of:
December 31, 2017		5,425
December 31, 2016		2,909
December 31, 2015		427

 

Expenses related to the amortization of intangible assets are presented as part of amortization of intangible assets in the consolidated statement of profit or loss.