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Intangible Assets
 12 Months Ended
Dec. 31, 2017
Notes to Consolidated Financial Statements [Abstract]  
Note 13 - Intangible Assets

Note 13 - Intangible Assets

 

  1. Composition

 

 

Goodwill

Concessions and mining rights

Trademarks

Technology / patents

Customer relationships

Exploration and evaluation assets

Computer

application

Others

Total

 

$ millions

$ millions

$ millions

$ millions

$ millions

$ millions

$ millions

$ millions

$ millions

 

Cost

 

 

 

 

 

 

 

 

 

Balance as at January 1, 2017

398

205

86

80

214

35

65

76

1,159

Additions

-

-

-

3

-

1

10

3

17

Discontinuance of consolidation

(55)

-

-

-

-

-

-

-

(55)

Translation differences

16

11

7

7

16

3

2

1

63

Reclassification to assets held for sale

(11)

-

(2)

(10)

(47)

-

(1)

(46)

(117)

 

 

 

 

 

 

 

 

 

 

Balance as at December 31, 2017

348

216

91

80

183

39

76

34

1,067

 

 

 

 

 

 

 

 

 

 

Amortization and impairment losses

 

 

 

 

 

 

 

 

 

Balance as at January 1, 2017

21

57

19

34

88

9

57

50

335

Amortization for the year

-

6

3

5

12

1

3

5

35

Translation differences

1

-

1

3

5

1

2

1

14

Impairment

-

-

1

-

-

14

-

-

15

Reclassification to assets held for sale

-

-

-

(7)

(11)

-

(1)

(35)

(54)

 

 

 

 

 

 

 

 

 

 

Balance as at December 31, 2017

22

63

24

35

94

25

61

21

345

 

 

 

 

 

 

 

 

 

 

Amortized Balance as at December 31 ,2017

 

326

153

67

45

89

14

15

13

722

 


Note 13 - Intangible Assets (cont'd)

 

  1. Composition (cont’d)

 

 

Goodwill

Concessions and mining rights

Trademarks

Technology / patents

Customer relationships

Exploration and evaluation assets

Computer

application

Others

Total

 

$ millions

$ millions

$ millions

$ millions

$ millions

$ millions

$ millions

$ millions

$ millions

 

Cost

 

 

 

 

 

 

 

 

 

Balance as at January 1, 2016

370

262

86

82

212

143

255

78

1,488

Additions

-

1

1

1

6

19

59

-

87

Additions in respect of business combinations

26

-

-

-

-

-

-

-

26

Disposals

-

(52)

-

-

-

(126)

(249)

-

(427)

Translation differences

2

(6)

(1)

(3)

(5)

(1)

(3)

(2)

(19)

Reclassification from assets held for sale

-

-

-

-

1

-

3

-

4

 

 

 

 

 

 

 

 

 

 

Balance as at December 31, 2016

398

205

86

80

214

35

65

76

1,159

 

 

 

 

 

 

 

 

 

 

Amortization and impairment losses

 

 

 

 

 

 

 

 

 

Balance as at January 1, 2016

21

52

16

30

77

7

55

45

303

Amortization for the year

-

5

3

5

13

2

3

5

36

Disposals

-

-

-

-

-

-

(2)

-

(2)

Translation differences

-

-

-

(1)

(2)

-

(1)

-

(4)

Reclassification from assets held for sale

-

-

-

-

-

-

2

-

2

 

 

 

 

 

 

 

 

 

 

Balance as at December 31, 2016

21

57

19

34

88

9

57

50

335

Amortized Balance as at December 31 ,2016

 

377

148

67

46

126

26

8

26

824

 

 

Note 13 - Intangible Assets (cont'd)

 

B. Total book value of intangible assets having defined useful lives and those having indefinite useful lives are as follows:

 

 

As at December 31

 

2017

2016

 

$ millions

$ millions

 

Intangible assets having a defined useful life

365

415

Intangible assets having an indefinite useful life

357

409

 

722

824