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Other intangible assets
12 Months Ended
Dec. 31, 2018
Disclosure of detailed information about intangible assets [abstract]  
Other intangible assets

8.    Other intangible assets

Changes in the carrying amount of other intangible assets during the years ended December 31 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

 

    

 

    

 

    

Other

    

Accumulated

    

 

    

 

 

 

Development

 

Power Supply

 

 

 

Computer 

 

Intangible

 

Depreciation

 

Impairment

 

 

 

 

Expenditure

 

Agreements

 

Rights of Use

 

Software

 

Assets

 

(Note 25.3)

 

(Note 25.5)

 

Total

 

 

US$'000

 

US$'000

 

US$'000

 

US$'000

 

US$'000

 

US$'000

 

US$'000

 

US$'000

Balance at January 1, 2017

 

40,354

 

37,836

 

20,345

 

5,815

 

21,784

 

(54,629)

 

(8,666)

 

62,839

Additions

 

260

 

 —

 

55

 

 —

 

14,472

 

(8,440)

 

(443)

 

5,904

Disposals

 

 —

 

 —

 

 —

 

(10)

 

(14,294)

 

565

 

 —

 

(13,739)

Transfers from/(to) other accounts

 

4,044

 

 —

 

 —

 

 —

 

(150)

 

(3,894)

 

 —

 

 —

Exchange differences

 

5,824

 

 —

 

2,639

 

242

 

2,451

 

(6,353)

 

(1,149)

 

3,654

Balance at December 31, 2017

 

50,482

 

37,836

 

23,039

 

6,047

 

24,263

 

(72,751)

 

(10,258)

 

58,658

Additions

 

992

 

 —

 

 —

 

 —

 

26,385

 

(9,312)

 

(16,073)

 

1,992

Disposals

 

 —

 

 —

 

 —

 

(64)

 

(7,260)

 

 —

 

 —

 

(7,324)

Business combinations (Note 5)

 

 —

 

 —

 

 —

 

45

 

 —

 

 —

 

 —

 

45

Transfers from/(to) other accounts

 

1,919

 

 —

 

 —

 

 —

 

(1,919)

 

 —

 

 —

 

 —

Exchange differences

 

(2,408)

 

 —

 

(648)

 

(101)

 

(1,656)

 

2,546

 

718

 

(1,549)

Balance at December 31, 2018

 

50,985

 

37,836

 

22,391

 

5,927

 

39,813

 

(79,517)

 

(25,613)

 

51,822

 

Additions and disposals in other intangible asset in 2018 and 2017 primarily relate to the acquisition, use and expiration of rights held to emit greenhouse gasses by certain Spanish, French and Canadian subsidiaries (see Note 4.20).

As a result of the Business Combination, the Company acquired a power supply agreement which provides favorable below-market power rates to the Alloy, West Virginia facility, which terminates in December 2021.

During 2018 the Company recognised an impairment of $13,947 thousand of development expenditures in relation to our solar-grade silicon metal project based in Puertollano, Spain. Refer to Note 9 for further details.

At December 31, 2018, the Company has other intangible assets of $26,948 thousand, pledged as security for outstanding bank loans and other payables.