2022-23 SGI CANADA Annual Report
8. Property and equipment
The components of the Corporation's investment in property and equipment, as well as the related accumulated
depreciation, are as follows:
(thousands of $)
Cost:
Land
Buildings &
Improvements
2023
Building
Components
Furniture &
Equipment
Total
Beginning of the year
$
3,000
$
31,815 $
13,263
$
27,051 $
75,129
Additions
369
5,030
5,399
Disposals
End of the year
Accumulated depreciation:
Beginning of the year
3,000
31,815
13,632
32,081
80,528
25,260
854
10,375
24,138
59,773
688
1,484
3,026
Depreciation
Disposals
End of the year
26,114
11,063
25,622
62,799
Net book value,
end of the year
$
3,000
$
5,701
$
2,569 $
6,459 $
17,729
Land
Buildings &
Improvements
(thousands of $)
2022
Building
Components
Furniture &
Equipment
Total
Cost:
Beginning of the year
$
3,000
$
30,056
$
Additions
1,759
13,055
208
$
29,806 $
75,917
693
2,660
Disposals
(3,448)
(3,448)
End of the year
3,000
31,815
13,263
27,051
75,129
Accumulated depreciation:
Beginning of the year
Depreciation
Disposals
End of the year
Net book value,
24,600
9,700
26,226
60,526
660
675
1,360
2,695
(3,448)
(3,448)
25,260
10,375
24,138
59,773
$
3,000
$
6,555
$
2,888 $
2,913 $
15,356
end of the year
Depreciation is included in administrative expenses on the Consolidated Statement of Operations. When an
asset has been disposed, its original cost is removed from the consolidated financial statements along with any
accumulated depreciation related to that asset.
2022-23 SGI CANADA Annual Report 57View entire presentation