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Note 11 - Intangible Assets, Net | 12 Months Ended
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Dec. 31, 2020
Disclosure of detailed information about intangible assets [abstract] |
Note 11 - Intangible Assets, Net | 11 Intangible assets, net (all amounts in thousands of U.S. dollars)
Year ended December 31, 2020 |  | Information system projects |  |  | Licenses, patents and trademarks (*) |  |  | Goodwill |  |  | Customer relationships |  |  | Total |
Cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Values at the beginning of the year |  |  | 604,870 |  |  |  | 463,742 |  |  |  | 2,117,837 |  |  |  | 2,140,051 |  |  |  | 5,326,500 |
Currency translation adjustment |  |  | 1,108 |  |  |  | 220 |  |  |  | (5,058 | ) |  |  | - |  |  |  | (3,730 | )
Increase due to business combinations (**) |  |  | 11,563 |  |  |  | 87,000 |  |  |  | 357,183 |  |  |  | 71,100 |  |  |  | 526,846 |
Additions |  |  | 24,965 |  |  |  | 602 |  |  |  | - |  |  |  | - |  |  |  | 25,567 |
Transfers / Reclassifications |  |  | (1,393 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (1,393 | )
Disposals |  |  | (3,761 | ) |  |  | (1,064 | ) |  |  | - |  |  |  | - |  |  |  | (4,825 | )
Values at the end of the year |  |  | 637,352 |  |  |  | 550,500 |  |  |  | 2,469,962 |  |  |  | 2,211,151 |  |  |  | 5,868,965 |
Amortization and impairment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accumulated at the beginning of the year |  |  | 536,337 |  |  |  | 373,772 |  |  |  | 797,592 |  |  |  | 2,057,240 |  |  |  | 3,764,941 |
Currency translation adjustment |  |  | 890 |  |  |  | (1 | ) |  |  | - |  |  |  | - |  |  |  | 889 |
Amortization charge |  |  | 42,931 |  |  |  | 8,760 |  |  |  | - |  |  |  | 38,785 |  |  |  | 90,476 |
Impairment charge (See note 5) |  |  | - |  |  |  | - |  |  |  | 586,402 |  |  |  | - |  |  |  | 586,402 |
Transfers / Reclassifications |  |  | 931 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 931 |
Disposals |  |  | (3,730 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (3,730 | )
Accumulated at the end of the year |  |  | 577,359 |  |  |  | 382,531 |  |  |  | 1,383,994 |  |  |  | 2,096,025 |  |  |  | 4,439,909 |
At December 31, 2020 |  |  | 59,993 |  |  |  | 167,969 |  |  |  | 1,085,968 |  |  |  | 115,126 |  |  |  | 1,429,056 |
(all amounts in thousands of U.S. dollars)
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 |
Currency translation adjustment |  |  | (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 and impairment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accumulated at the beginning of the year |  |  | 513,984 |  |  |  | 373,466 |  |  |  | 797,592 |  |  |  | 2,038,981 |  |  |  | 3,724,023 |
Currency translation adjustment |  |  | (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 |
(*) Includes Proprietary Technology. (**) Related to IPSCO acquisition. See note 32. (***) Related to SSPC acquisition. See note 32. The geographical allocation of goodwill for the year ended December 31, 20 20 was $939.2 million for North America, $111.1 million for South America, $33.7 million for Middle East & Africa and $2.0 million for Europe. The carrying amount of goodwill allocated by CGU, as of December 31, 20 20, was as follows:
(all amounts in millions of U.S. dollars) |  |  |  |  |  |  |  |  |  |  |  |
|  | Tubes Segment |  |  |  |  |
CGU |  | Hydril Acquisition |  |  | Other |  |  | Total |
Tamsa (Hydril and other) |  |  | 346 |  |  |  | 19 |  |  |  | 365 |
Siderca (Hydril and other) |  |  | 265 |  |  |  | 93 |  |  |  | 358 |
Hydril |  |  | 309 |  |  |  | - |  |  |  | 309 |
Other |  |  | - |  |  |  | 54 |  |  |  | 54 |
Total |  |  | 920 |  |  |  | 166 |  |  |  | 1,086 |

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