Page 48 - 2009_2010_Annual_Report

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Saskatchewan Indian Gaming Authority
NOTES TO THE FINANCIAL STATEMENTS
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Year Ended March 31, 2010
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6. PENSION PLAN
Effective April 1, 1997, SIGA established a pension plan for employees. The plan is a defined contribution plan administered by
Great West Life. Substantially all of SIGA’s full-time employees participate in the plan. SIGA’s financial obligation is limited to
matching the required amounts contributed by employees, 6% of salary, which totalled $4,589,518 (2009 – $3,924,932).
7. ACCOUNTS RECEIVABLE
2010
2009
Accounts receivable
$ 1,958,785
$ 1,491,181
GST input tax credits receivable
51,608
1,569,862
Advances to suppliers, contractors and employees
94,743
79,491
$ 2,105,135
$ 3,140,534
8. CAPITAL ASSETS
Accumulated
Net Book Value
Cost
Amortization
2010
2009
Leasehold improvements
$ 34,886,541
$ 14,648,877
$ 20,237,664
$ 20,466,089
Casino development
96,046,403
10,243,245
85,803,158
86,844,246
Office furniture and equipment
8,109,468
4,421,613
3,687,855
4,406,078
Security equipment
6,825,595
3,561,749
3,263,846
4,005,217
Signage and interior design
5,209,617
2,835,490
2,374,127
2,263,011
Gaming tables and equipment
1,871,446
1,098,269
773,177
1,019,177
Restaurant equipment
1,996,513
1,371,329
625,184
665,613
Coin handling equipment
1,535,766
1,034,578
501,188
690,685
Automobiles
2,258,141
1,269,550
988,591
791,232
Office
222,772
16,714
206,058
Computer equipment
4,001,492
2,699,963
1,301,529
1,649,502
Artwork
548,396
406,456
141,940
158,325
Construction in progress
1,949,481
1,949,481
5,075
$ 165,461,631
$ 43,607,833
$ 121,853,797
$ 122,964,250
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
Cost
Amortization
2010
2009
Base Building Costs
- Painted Hand Casino
$ 12,000,000
$
657,534
$ 11,342,466
$ 9,523,136
- Living Sky Casino
16,000,000
1,128,421
14,871,579
15,732,566
- Dakota Dunes Casino
16,957,554
2,482,887
14,474,667
15,317,852
$ 44,957,554
$ 4,268,842
$ 40,688,712
$ 40,573,554