v3.26.1
Note 9 - Goodwill and Other Identifiable Intangible Assets
6 Months Ended
Jun. 28, 2026
Notes to Financial Statements  
Intangible Asset and Goodwill [Text Block]

9.       Goodwill and other identifiable intangible assets

 

Changes in goodwill during the first six months ended June 28, 2026, were as follows:

 

Gas

In millions

Cylinders

Elektron

Total

At January 1, 2026

$

27.5

$

42.1

$

69.6

Exchange difference

(0.5

)

(0.3

)

(0.8

)

Net balance at June 28, 2026

$

27.0

$

41.8

$

68.8

 

Accumulated goodwill impairment losses in relation to continuing activities were $8.0 million as of  June 28, 2026 and December 31, 2025.

 

Identifiable intangible assets consisted of the following:

 

Customer

Technology and

In millions

relationships

trading related

Total

Cost:

At January 1, 2026

$

15.6

$

8.2

$

23.8

Exchange movements

(0.2

)

(0.2

)

At June 28, 2026

$

15.6

$

8.0

$

23.6

Accumulated amortization:

At January 1, 2026

$

7.6

$

5.3

$

12.9

Provided during the period

0.2

0.2

0.4

Exchange movements

(0.2

)

(0.2

)

At June 28, 2026

$

7.8

$

5.3

$

13.1

Net book values:

At January 1, 2026

$

8.0

$

2.9

$

10.9

At June 28, 2026

$

7.8

$

2.7

$

10.5

 

Identifiable intangible asset amortization expense was $0.4 million for the first six months of 2026 and 2025.

 

Intangible asset amortization expense during each of the following five years is expected to be approximately $0.8 million per year.