Page 51 - 2012_Annual Report

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Saskatchewan Indian Gaming Authority Inc.
Notes to the Financial Statements
year ended March 31, 2012
49
7.
INTANGIBLE ASSETS
Software
Cost
Balance at April 1, 2010
$ 3,955,424
Additions
22,638
Balance at March 31, 2011
3,978,062
Additions
2,935
Balance at March 31, 2012
$ 3,980,997
Accumulated amortization and impairment
Balance at April 1, 2010
$ 2,283,437
Amortization expense
469,937
Balance at March 31, 2011
2,753,374
Amortization expense
485,887
Balance at March 31, 2012
$ 3,239,261
Net Book Value – April 1, 2010
$ 1,671,987
Net Book Value – March 31, 2011
$ 1,224,668
Net Book Value – March 31, 2012
$ 741,736
The amortization expense for software for the year ended March 31, 2012 was $485,887 (2011 – $469,937) and is included in
depreciation and amortization expenses in the statement of comprehensive income. There were no write-downs of software due to
impairments for the year ended March 31, 2012 (2011 – $nil).