2016 Annual Report For Web 7.3MB

AGI regularly assesses its long-lived assets for impairment. As at December 31, 2016 and 2015, the recoverable amount of each CGU exceeded the
carrying amounts of the assets allocated to the respective units.
Capitalized borrowing costs
No borrowing costs were capitalized in 2016 or 2015.
11. INTANGIBLE ASSETS
DISTRIBUTION
NETWORKS
$
BRAND NAMES
$
PATENTS
$
SOFTWARE
$
ORDER
BACKLOG
$
NON-COMPETE
AGREEMENT
$
DEVELOPMENT
PROJECT
$
COST
Balance, January 1, 2016 104,544 86,526 2,790 3,332 3,128 114 6,947 207,381
Internal development — — 53 237 — — 2,648 2,938
Acquired 19,913 21,071 — 9 3,521 — — 44,514
Impairment [note 17] — — — — — — (3,007) (3,007)
Discontinued operations — — — (151) — — — (151)
Exchange differences (757) (488) (37) (90) (66) — (91) (1,529)
Balance, December 31, 2016 123,700 107,109 2,806 3,337 6,583 114 6,497 250,146
AMORTIZATION
Balance, January 1, 2016 37,423 — 1,550 1,509 1,859 31 1,228 43,600
Amortization 6,797 — 246 594 2,860 16 548 11,061
Impairment [note 17] — — — — — — (948) (948)
Discontinued operations — — — (100) — — — (100)
Exchange differences (535) — (29) (72) (43) — (3) (682)
Balance, December 31, 2016 43,685 — 1,767 1,931 4,676 47 825 52,931
TOTAL
$
DISTRIBUTION
NETWORKS
$
BRAND NAMES
$
PATENTS
$
SOFTWARE
$
ORDER
BACKLOG
$
NON-COMPETE
AGREEMENT
$
DEVELOPMENT
PROJECT
$
COST
Balance, January 1, 2015 60,582 37,525 2,559 2,245 35 114 5,787 108,847
Internal development — — 30 — — — 1,730 1,760
Acquired 42,023 47,702 — 751 3,089 — — 93,565
Impairment [note 17] (1,763) (839) — (43) — — (919) (3,564)
Exchange differences 3,702 2,138 201 379 4 — 349 6,773
Balance, December 31, 2015 104,544 86,526 2,790 3,332 3,128 114 6,947 207,381
AMORTIZATION
Balance, January 1, 2015 30,336 — 1,148 853 32 15 845 33,229
Amortization 5,475 — 241 517 1,825 16 536 8,610
Impairment [note 17] (1,184) — — (32) — — (163) (1,379)
Exchange differences 2,796 — 161 171 2 — 10 3,140
Balance, December 31, 2015 37,423 — 1,550 1,509 1,859 31 1,228 43,600
NET BOOK VALUE,
DECEMBER 31, 2015 67,121 86,526 1,240 1,823 1,269 83 5,719 163,781
TOTAL
$
NET BOOK VALUE,
DECEMBER 31, 2016 80,015 107,109 1,039 1,406 1,907 67 5,672 197,215
111 CONSOLIDATED FINANCIAL STATEMENTS
FIELD TO CONSUMER
2016 ANNUAL REPORT
CONSOLIDATED FINANCIAL STATEMENTS 112