CGG | CIK:0001037962 | 3

  • Filed: 3/29/2018
  • Entity registrant name: CGG (CIK: 0001037962)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1037962/000119312518101439/0001193125-18-101439-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1037962/000119312518101439/cgg-20171231.xml
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  • ifrs-full:DisclosureOfIntangibleAssetsExplanatory

    NOTE 10 — INTANGIBLE ASSETS

     

         December 31,  
         2017      2016      2015  
         Gross      Accumulated
    depreciation
        Net      Gross      Accumulated
    depreciation
        Net      Net  
         (In millions of US$)  

    Multi-client surveys Marine

         4,677.7        (3,936.8     740.9        4,337.6        (3,598.4     739.2        809.2  

    Multi-client surveys Land

         716.5        (626.1     90.4        683.4        (574.7     108.7        117.9  

    Development costs capitalized

         432.5        (228.5     204.0        384.6        (183.1     201.5        199.9  

    Software

         113.2        (88.9     24.3        106.9        (76.2     30.7        39.9  

    Research — Technology

         75.2        (75.1     0.1        83.3        (82.3     1.0        4.2  

    Customer relationships

         232.3        (165.3     67.0        246.2        (170.9     75.3        85.4  

    Trade names

         44.2        (31.6     12.6        43.7        (31.2     12.5        12.4  

    Other intangible assets

         103.4        (90.5     12.9        97.9        (82.1     15.8        17.8  
      

     

     

        

     

     

       

     

     

        

     

     

        

     

     

       

     

     

        

     

     

     

    Total intangible assets

         6,395.0        (5,242.8     1,152.2        5,983.6        (4,798.9     1,184.7        1,286.7  
      

     

     

        

     

     

       

     

     

        

     

     

        

     

     

       

     

     

        

     

     

     

     

         December 31,  

    Variation of the period

       2017     2016     2015  
         (In millions of US$)  

    Balance at beginning of period

         1,184.7       1,286.7       1,373.8  

    Increase in multi-client surveys

         281.0       337.4       357.4  

    Development costs capitalized

         34.1       34.0       41.5  

    Other acquisitions

         4.7       9.0       10.6  

    Depreciation on multi-client surveys

         (297.7     (417.2     (369.5

    Other depreciation

         (65.1     (64.4     (113.2

    Disposals

         —         (0.1     (6.0

    Change in exchange rates

         10.5       (2.6     (14.2

    Other

               1.9       6.3  
      

     

     

       

     

     

       

     

     

     

    Balance at end of period

         1,152.2       1,184.7       1,286.7  
      

     

     

       

     

     

       

     

     

     

    In 2017, the “Depreciation on multi-client surveys” line item included US$23.1 million of impairment of multi-client surveys. Since 2016 and the application of IAS 38 amended, CGG no longer apply a straight-line amortization scheme for multi-client surveys.

    In 2016 and 2015, the “Depreciation on multi-client surveys” line item included respectively US$96.8 million and US$41.8 million of impairment of multi-client surveys (see note 21).

    In 2015, other depreciations included an impairment of customer relationship for US$39.7 million mainly (see note 21).

     

    Reconciliation of acquisitions with the consolidated statements of cash flows and capital expenditures in note 19

     

         December 31,  
         2017     2016     2015  
         (In millions of US$)  

    Increase in multi-client surveys

         281.0       337.4       357.4  

    Multi-client depreciations & amortizations capitalized

         (30.0     (42.3     (72.8
      

     

     

       

     

     

       

     

     

     

    Investment in multi-client surveys according to cash flow statement

         251.0       295.1       284.6