Page 51 - SIGA Annual Report 2014

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NOTES TO
THE FINANCIAL
STATEMENTS
YEAR ENDED
MARCH 31, 2014
51
6. INVENTORIES
Inventories totalling $6,780,983 were recognized as food and beverage cost of goods sold for the year ended March 31, 2014
(2013 – $6,546,949). No write-downs of inventories were noted for the year ended March 31, 2014 (2013 – $nil), and there were
no reversals of write-downs from previous years.
7. INTANGIBLE ASSETS
Software
Cost
Balance at March 31, 2013
$ 3,987,500
Additions
185,784
Balance at March 31, 2014
$ 4,173,284
Accumulated amortization and impairment
Balance at March 31, 2013
$ 3,711,830
Amortization expense
430,405
Balance at March 31, 2014
$ 4,142,235
Net Book Value
Balance at March 31, 2013
$ 275,670
Balance at March 31, 2014
$
31,049
The amortization expense for software for the year ended March 31, 2014 was $430,405 (2013 – $472,569) 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, 2014 (2013 – $nil).