11.

INTANGIBLE ASSETS

The Company’s intangible assets were as follows, as at:


	Goodwill		Trademarks		Software and licences		Dealer networks		Customer relationships		Total
January 31, 2019
Cost		$169.4		$199.8		$131.5		$109.3		$24.2		$634.2
Accumulated depreciation		—		—		84.3		52.3		18.9		155.5
Carrying amount		$169.4		$199.8		$47.2		$57.0		$5.3		$478.7

January 31, 2018
Cost		$116.0		$136.0		$114.1		$45.4		$24.6		$436.1
Accumulated depreciation		—		—		73.2		30.8		17.5		121.5
Carrying amount		$116.0		$136.0		$40.9		$14.6		$7.1		$314.6

February 1, 2017
Cost		$115.9		$136.0		$109.4		$47.3		$22.6		$431.2
Accumulated depreciation		—		—		70.3		29.4		14.4		114.1
Carrying amount		$115.9		$136.0		$39.1		$17.9		$8.2		$317.1

The Company completed the required annual impairment test of goodwill and indefinite useful life trademarks as at the consolidated statement of financial position dates and concluded that no impairment had occurred during the years ended January 31, 2019 and 2018.

The following table explains the changes in Company’s intangible assets during the year ended January 31, 2019:

Carrying
amount as at
January 31,
2018

Additions

Business
combinations

Depreciation

Effect of foreign
currency
exchange rate
changes

Carrying
amount as at
January 31,
2019 ^[a]

Goodwill

$116.0

$—

$53.5

$—

$(0.1

)

$169.4

Trademarks

136.0

—

63.5

—

0.3

199.8

Software and licences

40.9

20.5

—

(14.2

)

—

47.2

Dealer networks

14.6

—

46.6

(5.3

)

1.1

57.0

Customer relationships

7.1

—

(1.8

)

—

5.3

Total

$314.6

$20.5

$163.6

$(21.3

)

$1.3

$478.7

^[a] Leased software and licences of $0.7 million are included in the carrying amount.

The following table explains the changes in Company’s intangible assets during the year ended January 31, 2018:


	Carrying amount as at February 1, 2017 ^[a]		Additions		Business combinations		Depreciation			Effect of foreign currency exchange rate changes			Carrying amount as at January 31, 2018^[b]
Goodwill		$115.9		$—		$—		$—			$0.1			$116.0
Trademarks		136.0		—		—		—			—			136.0
Software and licences		39.1		15.1		—		(13.5	)		0.2			40.9
Dealer networks		17.9		—		—		(2.8	)		(0.5	)		14.6
Customer relationships		8.2		—		—		(1.7	)		0.6			7.1
Total		$317.1		$15.1		$—		$(18.0	)		$0.4			$314.6

^[a] Leased software and licences of $1.3 million are included in the carrying amount.

^[b] Leased software and licences of $1.2 million are included in the carrying amount.