SIGA_Annual_Report_2015 - page 67

NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED MARCH 31, 2015
67
7. INTANGIBLE ASSETS
Software
Cost
Balance at March 31, 2014
$ 4,173,284
Additions
535,576
Balance at March 31, 2015
$ 4,708,860
Accumulated amortization and impairment
Balance at March 31, 2014
$ 4,142,235
Amortization expense
225,733
Balance at March 31, 2015
$ 4,367,968
Net Book Value – March 31, 2014
$ 31,049
Net Book Value – March 31, 2015
$ 340,892
The amortization expense for software for the year ended March 31, 2015 was $225,733 (2014 – $430,405) 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, 2015 (2014 – $nil).
8. PROPERTY AND EQUIPMENT
Leasehold
Casino
Furniture &
Construction.
Improvements
Development
Equipment
in Progress
TOTAL
Cost
Balance at March 31, 2014
$ 43,331,721 $ 102,939,676 $ 42,715,642 $ 805,078 $ 189,792,117
Additions
487,370
15,286,273
2,691,122
3,428,945
21,893,710
Transfers
(72,264)
(72,264)
Balance at March 31, 2015
$ 43,819,091 $ 118,225,949 $ 45,406,764 $ 4,161,759 $ 211,613,563
Accumulated depreciation
Balance at March 31, 2014
$ 28,019,324 $ 30,824,509 $ 35,729,762 $
– $ 94,573,595
Depreciation expense
3,089,883
3,768,753
2,569,633
9,428,269
Balance at March 31, 2015
$ 31,109,207 $ 34,593,262 $ 38,299,395 $
– $ 104,001,864
Net Book Value
Balance at March 31, 2014
$ 15,312,397 $ 72,115,167 $ 6,985,880 $ 805,078 $ 95,218,522
Balance at March 31, 2015
$ 12,709,884 $ 83,632,687 $ 7,107,369 $ 4,161,759 $ 107,611,699
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