TENARIS SA | CIK:0001190723 | 3

  • Filed: 4/30/2018
  • Entity registrant name: TENARIS SA (CIK: 0001190723)
  • Generator: Thunderdome
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1190723/000117184318003182/0001171843-18-003182-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1190723/000117184318003182/ts-20171231.xml
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    • ifrs-full:DisclosureOfIntangibleAssetsExplanatory

    11
    Intangible assets, net
     
    Year ended December 31, 2017   Information system projects     Licenses,  patents and trademarks (*)     Goodwill     Customer relationships     Total  
                                   
    Cost                                        
    Values at the beginning of the year    
    554,330
    		      
    461,619
    		      
    2,090,257
    		      
    2,058,946
    		      
    5,165,152
    		  
    Translation differences    
    6,265
    		      
    483
    		      
    (184
    		 )    
    (87
    		 )    
    6,477
    		  
    Additions    
    28,335
    		      
    5,105
    		      
    -
    		      
    -
    		      
    33,440
    		  
    Transfers / Reclassifications    
    (28,371
    		 )    
    (92
    		 )    
    -
    		      
    -
    		      
    (28,463
    		 )
    Increase due to business combinations (**)    
    133
    		      
    -
    		      
    -
    		      
    -
    		      
    133
    		  
    Disposals    
    -
    		      
    (1,152
    		 )    
    -
    		      
    -
    		      
    (1,152
    		 )
    Values at the end of the year    
    560,692
    		      
    465,963
    		      
    2,090,073
    		      
    2,058,859
    		      
    5,175,587
    		  
                                             
    Amortization                                        
    Accumulated at the beginning of the year    
    408,373
    		      
    362,292
    		      
    797,592
    		      
    1,734,068
    		      
    3,302,325
    		  
    Translation differences    
    5,232
    		      
    -
    		      
    -
    		      
    -
    		      
    5,232
    		  
    Amortization charge    
    65,249
    		      
    10,546
    		      
    -
    		      
    131,376
    		      
    207,171
    		  
    Transfers / Reclassifications    
    92
    		      
    (92
    		 )    
    -
    		      
    -
    		      
    -
    		  
    Accumulated at the end of the year    
    478,946
    		      
    372,746
    		      
    797,592
    		      
    1,865,444
    		      
    3,514,728
    		  
    At December 31, 2017    
    81,746
    		      
    93,217
    		      
    1,292,481
    		      
    193,415
    		      
    1,660,859
    		  
     
    Year ended December 31, 2016   Information system projects     Licenses,  patents and trademarks (*)     Goodwill     Customer relationships     Total  
    Cost                                        
    Values at the beginning of the year    
    524,869
    		      
    494,662
    		      
    2,170,709
    		      
    2,059,946
    		      
    5,250,186
    		  
    Translation differences    
    2,264
    		      
    (29
    		 )    
    4,671
    		      
    -
    		      
    6,906
    		  
    Additions    
    28,730
    		      
    648
    		      
    -
    		      
    -
    		      
    29,378
    		  
    Transfers / Reclassifications    
    (546
    		 )    
    (222
    		 )    
    -
    		      
    -
    		      
    (768
    		 )
    Transfer to assets held for sale    
    (836
    		 )    
    (32,600
    		 )    
    (85,123
    		 )    
    (1,000
    		 )    
    (119,559
    		 )
    Disposals    
    (151
    		 )    
    (840
    		 )    
    -
    		      
    -
    		      
    (991
    		 )
    Values at the end of the year    
    554,330
    		      
    461,619
    		      
    2,090,257
    		      
    2,058,946
    		      
    5,165,152
    		  
                                             
    Amortization                                        
    Accumulated at the beginning of the year    
    335,532
    		      
    364,412
    		      
    836,939
    		      
    1,569,851
    		      
    3,106,734
    		  
    Translation differences    
    1,325
    		      
    -
    		      
    -
    		      
    -
    		      
    1,325
    		  
    Amortization charge    
    72,632
    		      
    30,633
    		      
    -
    		      
    165,217
    		      
    268,482
    		  
    Transfers / Reclassifications    
    (245
    		 )    
    (153
    		 )    
    -
    		      
    -
    		      
    (398
    		 )
    Transfer to assets held for sale    
    (718
    		 )    
    (32,600
    		 )    
    (39,347
    		 )    
    (1,000
    		 )    
    (73,665
    		 )
    Disposals    
    (153
    		 )    
    -
    		      
    -
    		      
    -
    		      
    (153
    		 )
    Accumulated at the end of the year    
    408,373
    		      
    362,292
    		      
    797,592
    		      
    1,734,068
    		      
    3,302,325
    		  
    At December 31, 2016    
    145,957
    		      
    99,327
    		      
    1,292,665
    		      
    324,878
    		      
    1,862,827
    		  
     
    (*) Includes Proprietary Technology.
     
    (**) Related to Garrett LLC acquisition.
     
    The geographical allocation of goodwill for the year ended
    December 31, 2017
    was
    $1,168.5
    million for North America,
    $121.2
    million for South America,
    $2.0
    million for Europe and
    $0.7
    million for Middle East & Africa.
     
    The carrying amount of goodwill allocated by CGU, as of
    December 31, 2017,
    was as follows:
     
    (All amounts in million US dollar)  
    As of December 31, 2017   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
    		  
    Coiled Tubing    
    -
    		      
    -
    		      
    -
    		      
    4
    		      
    4
    		  
    Confab    
    -
    		      
    -
    		      
    28
    		      
    -
    		      
    28
    		  
    Other    
    -
    		      
    -
    		      
    3
    		      
    -
    		      
    3
    		  
    Total    
    225
    		      
    920
    		      
    143
    		      
    4
    		      
    1,292