CELESTICA INC | CIK:0001030894 | 3

  • Filed: 3/12/2018
  • Entity registrant name: CELESTICA INC (CIK: 0001030894)
  • Generator: Workiva (WebFilings)
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1030894/000162828018003056/0001628280-18-003056-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1030894/000162828018003056/cls-20171231.xml
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    • ifrs-full:DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory

    We recognize depreciation expense on a straight-line basis over the estimated useful life of the asset as follows:
    Buildings
    25 years
    Building/leasehold improvements
    Up to 25 years or term of lease
    Machinery and equipment
    3 to 10 years
    Property, plant and equipment are comprised of the following:
     
    2016
     
    Cost
     
    Accumulated
    Depreciation and
    Impairment
     
    Net Book
    Value
    Land
    $
    22.9

     
    $
    12.0

     
    $
    10.9

    Buildings including improvements
    322.0

     
    181.9

     
    140.1

    Machinery and equipment
    718.7

     
    567.0

     
    151.7

     
    $
    1,063.6

     
    $
    760.9

     
    $
    302.7


     
    2017
     
    Cost
     
    Accumulated
    Depreciation and
    Impairment
     
    Net Book
    Value
    Land
    $
    23.1

     
    $
    12.0

     
    $
    11.1

    Buildings including improvements
    344.0

     
    202.4

     
    141.6

    Machinery and equipment
    745.5

     
    574.3

     
    171.2

     
    $
    1,112.6

     
    $
    788.7

     
    $
    323.9



    The following table details the changes to the net book value of property, plant and equipment for the years indicated:
     
    Land
     
    Buildings
    including
    Improvements
     
    Machinery
    and
    Equipment
     
    Total
    Balance — January 1, 2016
    $
    10.7

     
    $
    141.7

     
    $
    162.2

     
    $
    314.6

    Additions
    —

     
    21.5

     
    55.7

     
    77.2

    Acquisitions through business combinations (note 3)
    —

     
    —

     
    1.1

     
    1.1

    Depreciation
    —

     
    (19.9
    )
     
    (46.3
    )
     
    (66.2
    )
    Write down of assets and other disposals (i)
    —

     
    (3.4
    )
     
    (20.3
    )
     
    (23.7
    )
    Foreign exchange and other
    0.2

     
    0.2

     
    (0.7
    )
     
    (0.3
    )
    Balance — December 31, 2016 (ii)
    10.9

     
    140.1

     
    151.7

     
    302.7

    Additions
    —

     
    22.8

     
    72.1

     
    94.9

    Depreciation
    —

     
    (21.3
    )
     
    (46.3
    )
     
    (67.6
    )
    Write down of assets and other disposals (i)
    —

     
    (0.2
    )
     
    (5.3
    )
     
    (5.5
    )
    Foreign exchange and other
    0.2

     
    0.2

     
    (1.0
    )
     
    (0.6
    )
    Balance — December 31, 2017 (ii)
    $
    11.1

     
    $
    141.6

     
    $
    171.2

     
    $
    323.9

    (i)
    Includes $4.8 of solar panel manufacturing equipment that we reclassified as assets held for sale during 2017. See note 7. In 2016, we recorded impairment losses of $21.2 primarily to write-down solar panel manufacturing equipment. See note 16(a).
    (ii)
    The net book value of property, plant and equipment at December 31, 2017 included $7.3 (December 31, 2016 — $8.2) of assets under finance leases. See note 24 for the future minimum lease payments under these finance leases.