13. Intangible Assets


	Client Relationships $		Contract Backlog $		Software $		Other $		Total $		Total Lease Disadvantage (note 21) $

Cost
December 31, 2015		146.3		12.9		63.0		9.9		232.1		(8.1)
Additions		-		-		25.7		-		25.7		-
Additions – internal development		-		-		0.6		-		0.6		-
Additions arising on acquisitions		246.9		50.6		27.6		29.1		354.2		(2.8)
Removal of fully amortized assets		(0.3)		(9.5)		(16.5)		(1.5)		(27.8)		0.5
Impact of foreign exchange		6.1		1.5		(2.8)		0.9		5.7		0.1

December 31, 2016		399.0		55.5		97.6		38.4		590.5		(10.3)
Additions		-		-		5.7		-		5.7		-
Additions arising on acquisitions		3.2		2.7		-		0.2		6.1		-
Disposals – Innovyze		(78.1)		-		(19.1)		(6.1)		(103.3)		-
Disposals – other		-		-		(3.3)		-		(3.3)		-
Removal of fully amortized assets		(13.8)		(6.2)		(15.7)		(3.1)		(38.8)		2.5
Impact of foreign exchange		(20.8)		(4.1)		0.4		(1.9)		(26.4)		0.6

December 31, 2017		289.5		47.9		65.6		27.5		430.5		(7.2)

Accumulated amortization
December 31, 2015		59.3		6.0		25.4		3.3		94.0		(4.1)
Current year amortization		26.8		22.3		21.6		6.9		77.6		(1.9)
Removal of fully amortized assets		(0.3)		(9.5)		(16.5)		(1.5)		(27.8)		0.4
Impact of foreign exchange		(0.8)		0.4		(2.3)		(0.1)		(2.8)		0.1

December 31, 2016		85.0		19.2		28.2		8.6		141.0		(5.5)
Current year amortization		30.2		26.4		17.2		8.3		82.1		(1.9)
Disposals – Innovyze		(7.2)		-		(1.1)		-		(8.3)		-
Disposals – other		-		-		(2.7)		-		(2.7)		-
Removal of fully amortized assets		(13.8)		(6.2)		(15.7)		(3.1)		(38.8)		2.5
Impact of foreign exchange		(3.8)		(1.8)		1.0		(0.6)		(5.2)		0.4

December 31, 2017		90.4		37.6		26.9		13.2		168.1		(4.5)

Net book value
December 31, 2016		314.0		36.3		69.4		29.8		449.5		(4.8)

December 31, 2017		199.1		10.3		38.7		14.3		262.4		(2.7)

Once an intangible asset is fully amortized, the gross carrying amount and related accumulated amortization are removed from the accounts. Software includes finance leases with a net book value of $16.5 (2016 – $23.0).

In accordance with its accounting policies in note 4, the Company tests intangible assets for recoverability when events or changes in circumstances indicate that their carrying amount may not be recoverable. To determine indicators of impairment of intangible assets, the Company considers external sources of information such as prevailing economic and market conditions and internal sources of information such as the historical and expected financial performance of the intangible assets. If indicators of impairment are present, the Company determines recoverability based on an estimate of discounted cash flows, using the higher of either the value in use or the fair value less costs of disposal methods. The measurement of impairment loss is based on the amount that the carrying amount of an intangible asset exceeds its recoverable amount at the CGU level. As part of the impairment test, the Company updates its future cash flow assumptions and estimates, including factors such as current and future

contracts with clients, margins, market conditions, and the useful lives of the assets. During 2017, the Company concluded that there were no indicators of impairment to intangible assets.