8. Tangible Capital Assets
(In thousands of dollars)
| Cost | Accumulated amortization | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Capital asset class | Opening balance | Acquisi-tions | Adjustments (1) | Disposals and write-offs | Closing balance | Opening balance | Amortiz-ation | Adjustments (1) | Disposals and write-offs | Closing balance | 2012 Net book value | 2011 Net book value |
| Land | $3,331 | $ - | $ - | $ - | $3,331 | $ - | $ - | $ - | $ - | $ - | $3,331 | $3,331 |
| Buildings | 277,327 | 1,664 | 6,297 | 37 | 285,251 | 183,943 | 10,121 | - | 6 | 194,058 | 91,193 | 93,384 |
| Machinery and equipment | 83,626 | 4,190 | 14 | 751 | 87,079 | 36,330 | 5,620 | (1) | 471 | 41,478 | 45,601 | 47,296 |
| Computer equipment and software | 65,847 | 2,580 | (6,900) | 1,284 | 60,243 | 41,559 | 6,812 | (10,952) | 1,445 | 35,974 | 24,269 | 24,288 |
| Vehicles | 39,246 | 1,017 | - | 3,357 | 36,906 | 25,729 | 4,008 | - | 3,280 | 26,457 | 10,449 | 13,517 |
| Assets under construction | 23,945 | 4,264 | (15,524) | 60 | 12,625 | - | - | - | - | - | 12,625 | 23,945 |
| Leasehold improvements | 47,482 | 755 | 241 | - | 48,478 | 20,309 | 11,079 | - | - | 31,388 | 17,090 | 27,173 |
| Total | $540,804 | $14,470 | $(15,872) | $5,489 | $533,913 | $307,870 | $37,640 | $(10,953) | $5,202 | $329,355 | $204,558 | $232,934 |
(1) Adjustments include assets under construction of $15,524,000 that were transferred to the other categories upon completion of the assets.
Effective November 15, 2011, the Agency transferred computer equipment and software with a net book value of $ 4,919,000 for an acquisition cost of $15,872,000 and accumulated amortization of $10,953,000 to Shared Services Canada. This transfer is included in the adjustments columns (Note 12).
Amortization expense for the year ended March 31, 2012 is $37,640,000 (2011 - $31,550,000).