XML 27 R16.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Goodwill and other identifiable intangible assets
 3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and other identifiable intangible assets Goodwill and other identifiable intangible assets
Changes in goodwill during the first three months ended March 31, 2024, were as follows:
In millionsGas CylindersElektronTotal
At January 1, 2024$26.2 $41.3 $67.5 
Exchange difference(0.2)(0.1)(0.3)
Net balance at March 31, 2024$26.0 $41.2 $67.2 
Accumulated goodwill impairment losses in relation to continuing activities were $8.0 million as of March 31, 2024 and December 31, 2023.

Identifiable intangible assets consisted of the following:

In millionsCustomer relationshipsTechnology and trading relatedTotal
Cost:   
At January 1, 2024$15.2 $7.8 $23.0 
Exchange movements— (0.1)(0.1)
At March 31, 2024$15.2 $7.7 $22.9 
Accumulated amortization:  
At January 1, 2024$6.6 $4.4 $11.0 
Provided during the period0.1 0.1 0.2 
Exchange movements— (0.1)(0.1)
At March 31, 2024$6.7 $4.4 $11.1 
Net book values:  
At January 1, 2024$8.6 $3.4 $12.0 
At March 31, 2024$8.5 $3.3 $11.8 

Identifiable intangible asset amortization expense was $0.2 million and $0.2 million for the First Quarters of 2024 and 2023 respectively.
Intangible asset amortization expense during each of the following five years is expected to be approximately $0.8 million.