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Intangible Assets
 3 Months Ended
Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

15.  Intangible assets



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

As at March 31, 2017

 

Cost

 

 

Accumulated amortization

 

 

Net book value

Trade names and trademarks

$

 5,643 

 

$

 (151)

 

$

 5,492 

Customer relationships

 

 25,773 

 

 

 (1,722)

 

 

 24,051 

Software

 

 48,864 

 

 

 (16,001)

 

 

 32,863 

Software under development

 

 12,581 

 

 

 -

 

 

 12,581 



$

 92,861 

 

$

 (17,874)

 

$

 74,987 











 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

As at December 31, 2016

 

Cost

 

 

Accumulated amortization

 

 

Net book value

Trade names and trademarks

$

 5,585 

 

$

 (50)

 

$

 5,535 

Customer relationships

 

 25,618 

 

 

 (1,072)

 

 

 24,546 

Software

 

 36,566 

 

 

 (13,116)

 

 

 23,450 

Software under development

 

 18,773 

 

 

 -

 

 

 18,773 



$

 86,542 

 

$

 (14,238)

 

$

 72,304 



During the three months ended March  31, 2017, interest of $37,000 was capitalized to the cost of software under development (2016:  $80,000). These interest costs relating to qualifying assets are capitalized at a weighted average rate of 2.43%  (2016:  6.39%).