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Note 10 - Intangible Assets, Net
12 Months Ended
Dec. 31, 2019
Statement Line Items [Line Items]  
Disclosure of intangible assets [text block]
10
Intangible assets, net
Year ended December 31, 2019   Information
system projects
  Licenses,
patents and
trademarks (*)
  Goodwill   Customer
relationships
  Total
                     
Cost                                        
Values at the beginning of the year    
580,622
     
464,571
     
2,085,936
     
2,058,859
     
5,189,988
 
Translation differences    
(1,917
)    
(70
)    
(968
)    
-
     
(2,955
)
Increase due to business combinations (**)    
405
     
-
     
32,869
     
81,192
     
114,466
 
Additions    
35,487
     
772
     
-
     
-
     
36,259
 
Transfers / Reclassifications    
(4,665
)    
-
     
-
     
-
     
(4,665
)
Disposals    
(5,062
)    
(1,531
)    
-
     
-
     
(6,593
)
Values at the end of the year    
604,870
     
463,742
     
2,117,837
     
2,140,051
     
5,326,500
 
                                         
Amortization                                        
Accumulated at the beginning of the year    
513,984
     
373,466
     
797,592
     
2,038,981
     
3,724,023
 
Translation differences    
(1,734
)    
-
     
-
     
-
     
(1,734
)
Amortization charge    
28,937
     
719
     
-
     
18,259
     
47,915
 
Disposals    
(4,850
)    
(413
)    
-
     
-
     
(5,263
)
Accumulated at the end of the year    
536,337
     
373,772
     
797,592
     
2,057,240
     
3,764,941
 
At December 31, 2019    
68,533
     
89,970
     
1,320,245
     
82,811
     
1,561,559
 
 
Year ended December 31, 2018   Information
system projects
  Licenses,
patents and
trademarks (*)
  Goodwill   Customer
relationships
  Total
Cost                                        
Values at the beginning of the year    
560,692
     
465,963
     
2,090,073
     
2,058,859
     
5,175,587
 
Translation differences    
(6,153
)    
(183
)    
(4,137
)    
-
     
(10,473
)
Additions    
31,632
     
273
     
-
     
-
     
31,905
 
Transfers / Reclassifications    
(5,493
)    
-
     
-
     
-
     
(5,493
)
Disposals    
(56
)    
(1,482
)    
-
     
-
     
(1,538
)
Values at the end of the year    
580,622
     
464,571
     
2,085,936
     
2,058,859
     
5,189,988
 
                                         
Amortization                                        
Accumulated at the beginning of the year    
478,946
     
372,746
     
797,592
     
1,865,444
     
3,514,728
 
Translation differences    
(5,551
)    
-
     
-
     
-
     
(5,551
)
Amortization charge    
40,635
     
720
     
-
     
173,537
     
214,892
 
Disposals    
(46
)    
-
     
-
     
-
     
(46
)
Accumulated at the end of the year    
513,984
     
373,466
     
797,592
     
2,038,981
     
3,724,023
 
At December 31, 2018    
66,638
     
91,105
     
1,288,344
     
19,878
     
1,465,965
 
 
(*) Includes Proprietary Technology.
(**) Related to SSP acquisition.
 
The geographical allocation of goodwill for the year ended
December 31, 2019
was
$1,168.4
million for North America,
$116.2
million for South America,
$1.9
million for Europe and
$33.7
million for Middle East & Africa.
 
The carrying amount of goodwill allocated by CGU, as of
December 31, 2019,
was as follows:
 
(All amounts in million US dollar)                
As of December 31, 2019   Tubes Segment   Other Segment    
CGU   Maverick
Acquisition
  Hydril
Acquisition
  Other   Maverick
Acquisition
  Total
OCTG (USA)    
225
     
-
     
-
     
-
     
225
 
Tamsa (Hydril and other)    
-
     
346
     
19
     
-
     
365
 
Siderca (Hydril and other)    
-
     
265
     
93
     
-
     
358
 
Hydril    
-
     
309
     
-
     
-
     
309
 
Confab    
-
     
-
     
-
     
-
     
-
 
Coiled Tubing    
-
     
-
     
-
     
4
     
4
 
Other    
-
     
-
     
59
     
-
     
59
 
Total    
225
     
920
     
171
     
4
     
1,320