LUXFER HOLDINGS PLC | CIK:0001096056 | 3

  • Filed: 3/19/2018
  • Entity registrant name: LUXFER HOLDINGS PLC (CIK: 0001096056)
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  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1096056/000109605618000011/0001096056-18-000011-index.htm
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    • ifrs-full:DisclosureOfIntangibleAssetsExplanatory

    Intangible assets
     
     
    Goodwill
     
    Customer
    related
     
    Technology
    and trading
    related
     
    Development
    costs
     
    Software
     
    Total
     
     
     
    $M
     
    $M
     
    $M
     
    $M
     
    $M
     
    $M
     
     
    Cost:
     

     
     

     
     

     
     

     
     

     
     

     
     
    At January 1, 2016
    83.4

     
    13.4

     
    9.3

     
    4.0

     
    3.5

     
    113.6

     
     
    Additions
    0.1

     
    0.1

     
    —

     
    2.4

     
    0.1

     
    2.7

     
     
    Disposals
    —

     
    —

     
    —

     
    —

     
    (0.6
    )
     
    (0.6
    )
     
     
    Exchange difference
    (8.2
    )
     
    —

     
    (1.3
    )
     
    (0.4
    )
     
    (0.3
    )
     
    (10.2
    )
     
     
    At December 31, 2016
    75.3

     
    13.5

     
    8.0

     
    6.0

     
    2.7

     
    105.5

     
     
    Additions
    —

     
    —

     
    —

     
    0.9

     
    0.8

     
    1.7

     
     
    Disposals
    —

     
    (0.1
    )
     
    —

     
    —

     
    (0.4
    )
     
    (0.5
    )
     
     
    Exchange difference
    4.1

     
    —

     
    0.6

     
    0.5

     
    0.3

     
    5.5

     
     
    At December 31, 2017
    79.4

     
    13.4

     
    8.6

     
    7.4

     
    3.4

     
    112.2

     
     
    Accumulated amortization and impairment:
     

     
     

     
     

     
     

     
     

     
     

     
     
    At January 1, 2016
    21.2

     
    1.5

     
    1.8

     
    0.1

     
    2.0

     
    26.6

     
     
    Provided during the year
    —

     
    0.7

     
    0.4

     
    0.3

     
    0.3

     
    1.7

     
     
    Disposals
    —

     
    —

     
    —

     
    —

     
    (0.3
    )
     
    (0.3
    )
     
     
    Exchange difference
    (2.8
    )
     
    (0.1
    )
     
    (0.3
    )
     
    0.1

     
    —

     
    (3.1
    )
     
     
    At December 31, 2016
    18.4

     
    2.1

     
    1.9

     
    0.5

     
    2.0

     
    24.9

     
     
    Provided during the year
    —

     
    0.9

     
    0.4

     
    0.7

     
    0.3

     
    2.3

     
     
    Disposals
    —

     
    (0.1
    )
     
    —

     
    —

     
    (0.4
    )
     
    (0.5
    )
     
     
    Impairment
    —

     
    —

     
    0.5

     
    1.5

     
    —

     
    2.0

     
     
    Exchange difference
    1.4

     
    —

     
    0.2

     
    0.1

     
    0.1

     
    1.8

     
     
    At December 31, 2017
    19.8

     
    2.9

     
    3.0

     
    2.8

     
    2.0

     
    30.5

     
     
    Net book values:
     

     
     

     
     

     
     

     
     

     
     
     
     
    At December 31, 2017
    59.6

     
    10.5

     
    5.6

     
    4.6

     
    1.4

     
    81.7

     
     
    At December 31, 2016
    56.9

     
    11.4

     
    6.1

     
    5.5

     
    0.7

     
    80.6

     
     
    At January 1, 2016
    62.2

     
    11.9

     
    7.5

     
    3.9

     
    1.5

     
    87.0

     

    Customer related intangibles include customer relationships, order backlogs and non-compete agreements. Technology and trading related intangibles include technology, patents, tradenames and trademarks.
    Development costs include $4.6 million (2016: $5.5 million) relating to internally generated intangible assets, all other intangible assets are externally generated.
    Impairment of intangible assets
    The $0.5 million impairment of technology and trading related intangibles relates to the announcement to exit of our Luxfer HEI business. The $1.5 million impairment of the development costs has resulted following the decision to discontinue our Advanced Oxygen System (AOS) product line. These impairments are both within our Gas Cylinders operating segment.