Annual report and accounts 2012

Intangible assets

OAO Severstal and Subsidiaries
Notes to the Consolidated Financial Statements
21. Intangible assets

for the years ended December 31, 2012, 2011 and 2010
(Amounts expressed in thousands of US dollars, except as otherwise stated)

 GoodwillMineral rightsSoftwareEvaluation and
exploration
assets
Other
intangible
assets
Total
Cost:      
December 31, 2009703,139642,42691,657308,944298,9182,045,084
Additions-4,75333,07564,79833,336135,962
Business combinations7,542660,251-14,961456683,210
Transfers from other assets--7,422-9038,325
Disposals-(19,985)--(3,404)(23,389)
Business de-combinations----(13,676)(13,676)
Reclassified to assets held for sale(70,943)-(45,210)-(118,435)(234,588)
Foreign exchange differences(3,516)(7,440)(384)(2,135)(193)(13,668)
December 31, 2010636,2221,280,00586,560386,568197,9052,587,260
Reclassifications-61,4998,472(44,328)(25,643)-
Additions-44,05857,112120,5071,961223,638
Transfers from/(to) other assets-6,7315,88873,052(12,162)73,509
Disposals-(101)--(812)(913)
Reclassified to assets held for sale(87,554)(988,781)(2,577)(388,262)(674)(1,467,848)
Foreign exchange differences(5,907)(11,699)(8,088)(17,631)(6,030)(49,355)
December 31, 2011542,761391,712147,367129,906154,5451,366,291
Reclassifications--3121,233(1,545)-
Additions-7,94048,93755,953211113,041
Transfers from other assets--2,2442,2419535,438
Foreign exchange differences9,7394,5867,8561,1924,41427,787
December 31, 2012552,500404,238206,716190,525158,5781,512,557
Amortization and impairment:      
December 31, 2009460,31169,79819,067-126,704675,880
Amortization expense-77,6807,143-24,551109,374
Impairment---98226,20427,186
Disposals-(2,312)-(29)(4)(2,345)
Business de-combinations----(13,044)(13,044)
Reclassified to assets held for sale(70,943)-(10,328)-(57,293)(138,564)
Foreign exchange differences(1,043)(337)(215)3(577)(2,169)
December 31, 2010388,325144,82915,667956106,541656,318
Reclassifications-1,5565,278683(7,517)-
Amortization expense-121,04911,388-1,135133,572
Impairment-19-3,684-3,703
Transfers from/(to) other assets-20,660(1,555)(231)6,29525,169
Reclassified to assets held for sale-(210,563)(879)(4,179)-(215,621)
Foreign exchange differences(1,492)(3,397)(663)(176)(1,576)(7,304)
December 31, 2011386,83374,15329,236737104,878595,837
Reclassifications--(189)460(271)-
Amortization expense-20,23715,2491,6835,44842,617
Impairment48,655----48,655
Transfers from other assets--66--66
Foreign exchange differences1,5891641,025751,5944,447
December 31, 2012437,07794,55445,3872,955111,649691,622
       
Net book values:      
December 31, 2010247,8971,135,17670,893385,61291,3641,930,942
December 31, 2011155,928317,559118,131129,16949,667770,454
December 31, 2012115,423309,684161,329187,57046,929820,935