RU

INTEGRATED REPORT 2016

Intangible assets

  Note Mining licences Software Other Total
Cost          
Balance at 1 January 2015   3,465,410 5,119 11,803 3,482,332
Additions   - 6,927 988 7,915
Disposals   - (518) (89) (607)
Effect of translation to presentation currency   (790,448) (2,174) (2,741) (795,363)
Balance at 31 December 2015   2,674,962 9,354 9,961 2,694,277
           
Additions   - 6,336 132 6,468
Disposals   - (1,608) (2,292) (3,900)
Effect of translation to presentation currency   539,156 2,391 1,775 543,322
Balance at 31 December 2016   3,214,118 16,473 9,576 3,240,167
           
Accumulated amortisation          
Balance at 1 January 2015   (286,897) (2,588) (782) (290,267)
Amortisation charge 22, 23, 24 (50,336) (1,961) (2,224) (54,521)
Disposals of accumulated amortisation   - 504 89 593
Effect of translation to presentation currency   73,686 691 524 74,901
Balanсe at 31 December 2015   (263,547) (3,354) (2,393) (269,294)
           
Amortisation charge 22, 23, 24 (40,671) (2,448) (1,920) (45,039)
Disposals of accumulated amortisation   - 1,372 956 2,328
Effect of translation to presentation currency   (57,396) (789) (590) (58,775)
Balance at 31 December 2016   (361,614) (5,219) (3,947) (370,780)
           
Net book value          
           
As at 1 January 2015   3,178,513 2,531 11,021 3,192,065
As at 31 December 2015   2,411,415 6,000 7,568 2,424,983
As at 31 December 2016   2,852,504 11,254 5,629 2,869,387

The table below summarises descriptions and carrying amounts of individually material mining licences, except for fully amortised, as well as software and other intangible assets:

Licenсe plot Mining complex 31 December 2016 31 December 2015
Solikamskiy plot (south part) Solikamsk-2 1,029,102 865,333
Novo-Solikamskiy plot Solikamsk-3 945,271 805,646
Solikamskiy plot (north part) Solikamsk-1 62,771 61,849
Polovodovskiy plot (south part) 205,189 170,769
Polovodovskiy plot (north part)   604,798 503,345
Romanovskoye plot   5,373 4,473
Total mining licences 2,852,504 2,411,415
Software   11,254 6,000
Other intangible assets   5,629 7,568
Total intangible assets   2,869,387 2,424,983
TO THE TOP