Summary of Depreciation Method of Property and Equipment |
Property and equipment are recorded at cost and amortized over their estimated useful lives, using the following methods: | | | | | | | | | | | | | | | | | Method | | Rates | Furniture, fixtures and equipment | | Declining balance | | 20 | % | Computer equipment | | Declining balance | | 30 | % | Leasehold improvements | | Straight line | | Over the term of the lease | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As at | | March 31, 2025 | | March 31, 2024 | | | Furniture, fixtures & equipment | | Computer equipment | | Leasehold improvements | | Total | | Furniture, fixtures & equipment | | Computer equipment | | Leasehold improvements | | Total | | | $ | | $ | | $ | | $ | | $ | | $ | | $ | | $ | Opening cost | | 1,572 | | | 7,359 | | | 5,982 | | | 14,913 | | | 1,725 | | | 6,792 | | | 8,081 | | | 16,598 | | Additions | | 59 | | | 1,143 | | | — | | | 1,202 | | | 174 | | | 550 | | | 22 | | | 746 | | Additions through business acquisitions (note 4) | | 19 | | | 41 | | | — | | | 60 | | | — | | | — | | | — | | | — | | Disposals / retirements | | — | | | — | | | — | | | — | | | (325) | | | — | | | (2,125) | | | (2,450) | | Foreign currency translation adjustment | | 96 | | | 314 | | | 56 | | | 466 | | | (2) | | | 17 | | | 4 | | | 19 | | Ending cost | | 1,746 | | | 8,857 | | | 6,038 | | | 16,641 | | | 1,572 | | | 7,359 | | | 5,982 | | | 14,913 | | Opening accumulated depreciation | | 1,035 | | | 5,717 | | | 3,571 | | | 10,323 | | | 651 | | | 3,829 | | | 3,394 | | | 7,874 | | Depreciation expense | | 170 | | | 993 | | | 850 | | | 2,013 | | | 448 | | | 1,884 | | | 1,006 | | | 3,338 | | Impairment | | — | | | — | | | — | | | — | | | 260 | | | — | | | 1,296 | | | 1,556 | | Disposals / retirements | | — | | | — | | | — | | | — | | | (325) | | | — | | | (2,125) | | | (2,450) | | Foreign currency translation adjustment | | 79 | | | 237 | | | 29 | | | 345 | | | 1 | | | 4 | | | — | | | 5 | | Ending accumulated depreciation | | 1,284 | | | 6,947 | | | 4,450 | | | 12,681 | | | 1,035 | | | 5,717 | | | 3,571 | | | 10,323 | | Net carrying amount | | 462 | | | 1,910 | | | 1,588 | | | 3,960 | | | 537 | | | 1,642 | | | 2,411 | | | 4,590 | | | | | | | | | | | | | | | | | | |
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