Page 50 - SIGA_2010-11 Annual Report

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Saskatchewan Indian Gaming Authority Inc.
Notes to the Financial Statements
Year Ended March 31, 2011
48
7. CAPITAL ASSETS
Accumulated Net Book Value
Cost
Amortization
2011
2010
Leasehold improvements
$ 39,742,337 $ 17,773,611 $ 21,968,726 $ 20,237,664
Casino development
101,673,226
15,756,658
85,916,568
85,803,158
Office furniture and equipment
8,391,095
5,630,733
2,760,362
3,687,855
Security equipment
7,392,165
4,730,963
2,661,202
3,263,846
Signage and interior design
5,297,715
3,537,820
1,759,895
2,374,127
Gaming tables and equipment
1,957,786
1,358,051
599,735
773,177
Restaurant equipment
2,108,196
1,606,341
501,855
625,184
Coin handling equipment
1,551,064
1,201,672
349,392
501,188
Automobiles
2,563,975
1,667,447
896,528
988,591
Office module
222,772
61,332
161,440
206,058
Computer equipment
4,255,779
3,180,524
1,075,255
1,301,529
Artwork
562,296
449,582
112,714
141,940
Construction in progress
332,689
332,689
1,949,480
$ 176,051,095 $ 56,954,734 $ 119,096,361 $ 121,853,797
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
2011
2010
Base Building Costs
- Painted Hand Casino
$ 12,000,000 $ 1,315,069 $ 10,684,931 $ 11,342,466
- Living Sky Casino
16,000,000
1,989,407
14,010,593
14,871,579
- Dakota Dunes Casino
19,804,852
3,340,953
16,463,899
14,474,667
$ 47,804,852 $ 6,645,429 $ 41,159,423 $ 40,688,712
8. SOFTWARE
Accumulated Net Book Value
Cost
Amortization
2011
2010
Software
$ 3,978,062 $ 2,753,374 $ 1,224,688 $ 1,671,987
Computer software is amortized over a one year period. The amortization expense for software for 2011 $469,937
(2010 – $554,736). There were no write-downs of software due to impairments for the year ended March 31, 2011 (2010 – $nil).