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52

7. INTANGIBLE ASSETS

Software

Cost

Balance at March 31, 2014

$

4,173,284

Additions

535,576

Balance at March 31, 2015

4,708,860

Additions

295,470

Balance at March 31, 2016

$

5,004,330

Accumulated amortization and impairment

Balance at March 31, 2014

$

4,142,235

Amortization expense

225,733

Balance at March 31, 2015

4,367,968

Amortization expense

508,100

Balance at March 31, 2016

$

4,876,068

Net Book Value – March 31, 2015

$

340,892

Net Book Value – March 31, 2016

$

128,262

The amortization expense for software for the year ended March 31, 2016 was $508,100 (2015 – $225,733) 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, 2016 (2015 – $nil).

8. PROPERTY AND EQUIPMENT

Leasehold

Improvements

Casino

Developments

Furniture &

Equipment

Construction

In Progress

Total

Cost

Balance at March 31, 2014

$ 43,331,721 $ 102,939,676 $ 45,715,642 $ 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

Additions

1,443,961

10,629,700

2,707,246

19,001

14,799,908

Transfers

(3,394,395)

(3,394,395)

Balance at March 31, 2016

$ 45,263,052 $ 128,855,649 $ 48,114,010 $

786,365 $ 223,019,076

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

Depreciation expense

7,369,229

415,290

2,774,476

10,558,995

Balance at March 31, 2016

$ 38,478,436 $ 35,008,552 $ 41,073,871 $

– $ 114,560,859

Net Book Value

Balance at March 31, 2015

$ 12,709,884 $ 83,632,687 $

7,107,369 $ 4,161,759 $ 107,611,699

Balance at March 31, 2016

$ 6,784,616 $ 93,847,097 $

7,040,139 $

786,365 $ 108,458,217

NOTES TO THE FINANCIAL STATEMENTS

Year Ended March 31, 2016