Page 46 - 2008_2009_Annual_Report

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Saskatchewan Indian Gaming Authority Inc.
Notes to the Financial Statements
Year ended March 31, 2009
044
7. Capital Assets
Accumulated
Net Book Value
Net Book Value
Cost
Amortization
2009
2008
Leasehold improvements
$ 32,851,830
$ 12,385,741
$ 20,466,089
$ 19,418,210
Casino development
91,638,065
4,793,819
86,844,246
35,950,090
Office furniture and equipment 7,623,142
3,217,064
4,406,078
2,663,355
Security equipment
6,427,222
2,422,005
4,005,217
2,670,511
Signage and interior design
4,431,431
2,168,420
2,263,011
1,155,749
Gaming tables and equipment
1,860,129
840,952
1,019,177
613,858
Restaurant equipment
1,821,607
1,155,994
665,613
590,156
Coin handling equipment
1,533,625
842,940
690,685
579,152
Automobiles
1,696,836
905,604
791,232
564,056
Computer equipment
3,818,818
2,169,316
1,649,502
1,620,424
Artwork
523,396
365,071
158,325
41,334
Computer software
3,937,128
1,710,405
2,226,723
367,046
Construction in progress
5,075
5,075
9,436,970
$158,168,304
$ 32,977,331
$125,190,973
$ 75,670,911
Construction in progress represents costs incurred for capital projects under construction at new and existing casinos.
Upon completion, these costs are transferred into the appropriate capital asset category.
Included in casino development above are the following assets under capital lease:
Accumulated
Net Book Value
Net Book Value
Cost
Amortization
2009
2008
Base Building Costs
Painted Hand Casino
$ 9,523,136
$
$ 9,523,136
$
Living Sky Casino
16,000,000
267,434
15,732,566
Dakota Dunes Casino
16,957,554
1,639,702
15,317,852
16,161,037
$ 42,480,690
$ 1,907,136
$ 40,573,554
$ 16,161,037
8. Due to Saskatchewan Liquor and Gaming Authority
2009
2008
Net income related to slot operations
(Note 14)
$ 83,892,280
$ 72,115,563
Net loss related to table operations
(Note 14)
(2,066,267)
(1,105,650)
Net loss related to ancillary operations
(Note 14)
(9,398,710)
(6,143,347)
Indigenous Gaming Regulators Inc.
(Note 14)
(2,607,128)
(2,925,230)
Saskatoon Prairieland Park Corporation
(Note 14)
(2,600,004)
(1,670,432)
67,220,171
60,270,904
Balance, beginning of year
37,805,428
24,874,031
Capital reserve
(Note 1)
5,000,000
Distribution relating to prior year’s loss on interest rate swaps
835,845
Payments to Saskatchewan Liquor and Gaming Authority
(72,507,493)
(52,339,507)
$ 33,353,951
$ 37,805,428