NOTE 5 – OTHER INTANGIBLE ASSETS

The following table summarizes the other intangible assets movement year on year:


	Nine Months Ended September 30
(in millions)	2017			2016
Gross cost at January 1	$	248.6		$	248.6
Acquisitions		37.7			0.0
Internally developed software		4.1			0.0
Exchange effect		4.1			0.0

Gross cost at September 30		294.5			248.6

Accumulated amortization at January 1		(104.2	)		(79.9	)
Amortization expense		(20.6	)		(18.2	)
Exchange effect		(0.1	)		0.0

Accumulated amortization at September 30		(124.9	)		(98.1	)

Net book amount at September 30	$	169.6		$	150.5

Acquisitions in the year are related to the Huntsman acquisition based on our provisional assessment of the fair value of the other intangible assets acquired. In the first quarter of 2017 we allocated $33.5 million of goodwill to intangibles relating to the acquisition completed on December 30, 2016. The intangible assets relate to customer relationships.

In addition, the Company completed the acquisition of customer and distributor lists in the Americas and Asia Pacific from Huntsman Holland B.V. for $4.2 million in cash on August 9, 2017.

Internally developed software has been capitalized in relation to a new information system platform for the acquired Huntsman business.

Amortization expense


	Nine Months Ended September 30
(in millions)	2017			2016
Product rights	$	(2.8	)	$	(2.8	)
Brand names		(0.9	)		(0.9	)
Technology		(2.5	)		(2.5	)
Customer relationships		(7.6	)		(5.1	)
Non-compete agreements		(0.6	)		(0.7	)
Marketing related		(0.7	)		(0.7	)
Internally developed software		(5.5	)		(5.5	)

Total	$	(20.6	)	$	(18.2	)