Page 51 - SIGA Annual Report 2013

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Saskatchewan Indian Gaming Authority Inc.
Notes to the Financial Statements
year ended March 31, 2013
51
5.
ACCOUNTS RECEIVABLE
March 31, 2013
March 31, 2012
Trade accounts receivable
$ 4,307,031
$ 5,558,358
GST input tax credits receivable
326,466
374,203
Advances to suppliers, contractors and employees
310,897
335,962
$ 4,944,394
$ 6,268,523
SIGA’s exposure to credit and currency risks, and impairment losses related to trade and other receivables, is disclosed in Note 20.
6.
INVENTORIES
Inventories totalling $6,546,950 were recognized as food and beverage cost of goods sold for the year ended March 31, 2013
(2012 – $6,016,402). No write-downs of inventories were noted for the year ended March 31, 2013 (2012 – $nil), and there were
no reversals of write-downs from previous years.
7.
INTANGIBLE ASSETS
Software
Cost
Balance at March 31, 2012
$ 3,980,997
Additions
6,503
Balance at March 31, 2013
$ 3,987,500
Accumulated amortization and impairment
Balance at March 31, 2012
$ 3,239,261
Amortization expense
472,569
Balance at March 31, 2013
$ 3,711,830
Net Book Value – March 31, 2012
$ 741,736
Net Book Value – March 31, 2013
$ 275,670
The amortization expense for software for the year ended March 31, 2013 was $472,569 (2012 – $485,887) 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, 2013 (2012 – $nil).