CRA Annual Report to Parliament 2007-2008 - Audited Financial Statements – Agency Activities

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Audited Financial Statements – Agency Activities

Notes to the Financial Statements – Agency Activities

5. Capital assets
(in thousands of dollars)
Asset Class
Opening costs
Net additions (disposals)
Closing costs
Accumulated amortization
2008 Net book value
2007 Net book value
Machinery, equipment and furniture
15,070
(292)
14,778
10,464
4,314
4,763
Software (purchased and in-house developed and/or in development)
378,124
102,171
480,295
126,101
354,194
294,244
Vehicles and other means of transportation
2,427
(103)
2,324
1,373
951
1,234
Information technology equipment including leased assets (Note 6)
243,642
42,072
285,714
188,702
97,012
89,512
Total
639,263
143,848
783,111
326,640
456,471
389,753

The costs of assets under construction or development, which are not amortized, are $130,045,789 in software and $142,395 in information technology equipment as at March 31, 2008 ($190,595,511 and $741,797 respectively as at March 31, 2007). The amortization expense for the year is $79,804,525 (2007 – $58,005,644) ( Note 9 ). Disposals for the year totaled $4,787,753 (2007 – $7,396,817) and the related accumulated amortization was $2,708,242 (2007 – $6,851,022).



Date modified:
2009-01-29