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Property, plant and equipment
12 Months Ended
Dec. 31, 2017
Property, plant and equipment  
Property, plant and equipment

15.          Property, plant and equipment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Land and

 

Leasehold

 

 

 

 

 

 

Furniture

 

Computer

 

 

 

 

    

buildings

    

improvements

    

Equipment

    

Satellites

    

and fixtures

    

hardware

    

Total

Cost

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Balance as at December 31, 2015

 

$

191.0

 

$

31.7

 

$

232.2

 

$

 —

 

$

7.4

 

$

43.9

 

$

506.2

Additions

 

 

3.0

 

 

15.2

 

 

15.3

 

 

 —

 

 

1.9

 

 

6.2

 

 

41.6

Disposals

 

 

 —

 

 

(0.2)

 

 

(0.6)

 

 

 —

 

 

(0.1)

 

 

(1.8)

 

 

(2.7)

Foreign currency translation

 

 

0.4

 

 

0.5

 

 

0.7

 

 

 —

 

 

0.2

 

 

0.9

 

 

2.7

Balance as at December 31, 2016

 

 

194.4

 

 

47.2

 

 

247.6

 

 

 —

 

 

9.4

 

 

49.2

 

 

547.8

Acquired from business combination (note 9)

 

 

0.5

 

 

42.0

 

 

35.0

 

 

577.9

 

 

1.2

 

 

39.2

 

 

695.8

Additions

 

 

2.3

 

 

15.7

 

 

24.9

 

 

6.3

 

 

0.3

 

 

8.8

 

 

58.3

Disposals

 

 

 —

 

 

(0.1)

 

 

(0.3)

 

 

 —

 

 

 —

 

 

(1.7)

 

 

(2.1)

Foreign currency translation

 

 

1.0

 

 

1.0

 

 

1.4

 

 

 —

 

 

0.3

 

 

2.8

 

 

6.5

Balance as at December 31, 2017

 

$

198.2

 

$

105.8

 

$

308.6

 

$

584.2

 

$

11.2

 

$

98.3

 

$

1,306.3

Accumulated depreciation

 

 

  

 

 

 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Balance as at December 31, 2015

 

$

11.1

 

$

17.2

 

$

89.0

 

$

 —

 

$

5.1

 

$

32.5

 

$

154.9

Depreciation expense

 

 

4.0

 

 

3.2

 

 

21.8

 

 

 —

 

 

0.7

 

 

4.3

 

 

34.0

Disposals

 

 

 —

 

 

(0.2)

 

 

(0.5)

 

 

 —

 

 

(0.1)

 

 

(1.8)

 

 

(2.6)

Foreign currency translation

 

 

0.1

 

 

0.2

 

 

0.4

 

 

 —

 

 

0.1

 

 

0.7

 

 

1.5

Balance as at December 31, 2016

 

 

15.2

 

 

20.4

 

 

110.7

 

 

 —

 

 

5.8

 

 

35.7

 

 

187.8

Depreciation expense

 

 

4.3

 

 

4.2

 

 

22.9

 

 

21.8

 

 

0.8

 

 

7.1

 

 

61.1

Disposals

 

 

 —

 

 

(0.1)

 

 

(0.2)

 

 

 —

 

 

 —

 

 

(1.7)

 

 

(2.0)

Foreign currency translation

 

 

0.3

 

 

0.7

 

 

1.4

 

 

 —

 

 

0.2

 

 

1.9

 

 

4.5

Balance as at December 31, 2017

 

$

19.8

 

$

25.2

 

$

134.8

 

$

21.8

 

$

6.8

 

$

43.0

 

$

251.4

Net book value

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

December 31, 2017

 

$

178.4

 

$

80.6

 

$

173.8

 

$

562.4

 

$

4.4

 

$

55.3

 

$

1,054.9

December 31, 2016

 

$

179.2

 

$

26.8

 

$

136.9

 

$

 —

 

$

3.6

 

$

13.5

 

$

360.0

 

Property, plant and equipment includes $119.6 million (December 31, 2016 - $43.6 million) of expenditures for property under construction.

The net book value of assets under finance leases are as follows:

 

 

 

 

 

 

 

 

 

December 31,

 

December 31,

 

    

2017

    

2016

Computer hardware

 

$

5.2

 

$

4.6

Furniture and fixtures

 

 

7.2

 

 

0.1

 

 

$

12.4

 

$

4.7

 

Satellite constellation

At December 31, 2017, the Company operated a constellation of five in-orbit and fully commissioned satellites and had one satellite constellation under construction. The satellites were acquired in the DigitalGlobe acquisition (note 9) and were initially recognized at fair value as of the acquisition date of October 5, 2017 using a replacement cost approach. The net book value of each satellite is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Satellites

    

 

 

 

 

Satellites

 

under

 

 

 

As at December 31, 2017

 

in-orbit

 

construction

 

Total

Cost

 

$

569.0

 

$

15.2

 

$

584.2

Accumulated depreciation

 

 

(21.8)

 

 

 —

 

 

(21.8)

Net book value

 

$

547.2

 

$

15.2

 

$

562.4