Page 52 - 2012_Annual Report

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Saskatchewan Indian Gaming Authority Inc.
Notes to the Financial Statements
year ended March 31, 2012
50
8.
PROPERTY AND EQUIPMENT
Leasehold
Casino
Furniture &
Construction
Improvements
Developments
Equipment
in Progress
Total
Cost
Balance at April 1, 2010
$ 34,886,541 $ 96,046,403
$ 32,579,206
$ 1,949,480 $ 165,461,630
Additions
4,855,796
5,626,823
1,723,637
5,782,843
17,989,099
Transfers
(7,399,634)
(7,399,634)
Balance at March 31, 2011
39,742,337
101,673,226
34,302,843
332,689
176,051,095
Additions
1,513,145
1,117,626
1,917,783
4,548,554
Disposals
(166,729)
(166,729)
Transfers
(234,867)
(234,867)
Balance at March 31, 2012
$ 41,255,482 $ 102,790,852
$ 36,053,897
$
97,822 $ 180,198,053
Accumulated depreciation
and impairment
Balance at April 1, 2010
$ 14,648,877 $ 10,243,245
$ 18,715,711
$
– $ 43,607,833
Depreciation expense
3,124,734
5,513,413
4,708,754
13,346,901
Balance at March 31, 2011
17,773,611
15,756,658
23,424,465
56,954,734
Depreciation expense
3,402,150
5,003,368
5,562,489
13,968,007
Balance at March 31, 2012
$ 21,175,761 $ 20,760,026
$ 28,986,954
$
– $ 70,922,741
Net Book Value
April 1, 2010
$ 20,237,664 $ 85,803,158
$ 13,863,495
$ 1,949,480 $ 121,853,797
March 31, 2011
$ 21,968,726 $ 85,916,568
$ 10,878,378
$ 332,689 $ 119,096,361
March 31, 2012
$ 20,079,721 $ 82,030,826
$ 7,066,943
$
97,822 $ 109,275,312
Construction in progress represents costs incurred for capital projects under construction at existing casinos. Upon completion,
these costs are transferred into the appropriate capital asset category.
Included in casino development above are the following assets under finance lease:
March 31,
March 31,
April 1,
Net carrying amount of leased assets
2012
2011
2010
Base Building Costs
- Painted Hand Casino
$ 10,027,397
$ 10,684,931
$ 11,342,466
- Living Sky Casino
15,870,340
14,010,593
14,871,579
- Dakota Dunes Casino
13,149,606
16,463,899
14,474,667
$ 39,047,343
$ 41,159,423
$ 40,688,712