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Other Intangible Assets
 6 Months Ended
Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Other Intangible Assets

NOTE 5 – OTHER INTANGIBLE ASSETS

The following table summarizes the other intangible assets movement year on year:

 

     Six Months Ended
June 30		  

(in millions)

    2015      2014  

Gross cost at January 1

    $ 247.6       $ 175.5   

Capitalization of internally developed software

      5.1         3.0   

Exchange effect

      0.0         0.1   
  

 

 

     

 

 

  

Gross cost at June 30

      252.7         178.6   
  

 

 

     

 

 

  

Accumulated amortization at January 1

      (66.5 )       (48.7 ) 

Amortization expense

      (10.4 )       (8.8 ) 

Exchange effect

      0.1         0.0   
  

 

 

     

 

 

  

Accumulated amortization at June 30

      (76.8 )       (57.5 ) 
  

 

 

     

 

 

  

Net book amount at June 30

    $ 175.9       $ 121.1   
  

 

 

     

 

 

  

Capitalization of internally developed software

We are continuing with the implementation of our new, company-wide, information system platform. At June 30, 2015, we had capitalized $32.9 million (2014 – $22.5 million) in relation to this internally developed software.

Amortization expense

 

     Six Months Ended
June 30		  

(in millions)

    2015      2014  

Product rights

    $ (1.9 )     $ (1.9 ) 

Brand names

      (0.6 )       (0.3 ) 

Technology

      (1.7 )       (1.2 ) 

Customer relationships

      (3.4 )       (2.5 ) 

Patents

      0.0         (0.2 ) 

Non-compete agreements

      (0.5 )       (0.4 ) 

Marketing related

      (0.4 )       (0.4 ) 

Internally developed software

      (1.9 )       (1.9 ) 
  

 

 

     

 

 

  

Total

    $ (10.4 )     $ (8.8 )