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