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Intangible Assets
 6 Months Ended
Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

16.  Intangible assets



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

As at June 30, 2016

 

Cost

 

 

Accumulated amortization

 

 

Net book value

Trade names and trademarks

$

 4,910 

 

$

 -

 

$

 4,910 

Customer relationships

 

 32,686 

 

 

 (8,396)

 

 

 24,290 

Software

 

 29,901 

 

 

 (9,603)

 

 

 20,298 

Software under development

 

 16,364 

 

 

 -

 

 

 16,364 



$

 83,861 

 

$

 (17,999)

 

$

 65,862 











 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

As at December 31, 2015

 

Cost

 

 

Accumulated amortization

 

 

Net book value

Trade names and trademarks

$

 800 

 

$

 -

 

$

 800 

Customer relationships

 

 22,800 

 

 

 (7,097)

 

 

 15,703 

Software

 

 23,269 

 

 

 (5,848)

 

 

 17,421 

Software under development

 

 13,049 

 

 

 -

 

 

 13,049 



$

 59,918 

 

$

 (12,945)

 

$

 46,973 



During the three and six months ended June 30, 2016, interest of $97,000 and $177,000, respectively was capitalized to the cost of software under development (2015: $212,000 and $513,000). These interest costs relating to qualifying assets are capitalized at a weighted average rate of 6.01%  (2015: 6.39%).