Notes to the Consolidated Financial Statements (unaudited)
7.
Property, Plant and Equipment
Transmission
Computer Construction
(millions)
Total
Distribution and Storage Compression Other* Hardware in Progress
COST Balance, April 1, 2023
$
1,963
$
1,789
$
511
$
209
$
24
$
118 245
$ 4,614
Additions Disposals
101
114
10
16
1
487
(4)
(5)
-
(11)
(2)
(2)
(24)
Adjustments Impairments
3
3
2
- -
- - -
- -
8
- -
(2)
(1)
(3)
Transfers
-
-
1
(242)
(241)
Balance, March 31, 2024
2,063
1,899
522
215
23
119 204
4,841
Additions Disposals
86
45
13
31
1
380
(4)
(9)
-
(6)
- - -
(1)
(20)
Adjustments
16
5
1
- -
-
22
Transfers
-
-
-
(176)
(176)
Balance, December 31, 2024
2,161
1,940
536
240
24
146
5,047
ACCUMULATED DEPRECIATION Balance, April 1, 2023
633
639
208
97
17
- - - - - - - -
1,594
Depreciation
46
44
18
8
-
116
Disposals
(4)
(5)
-
(9)
(1)
(19)
Balance, March 31, 2024
675
678
226
96
16
1,691
Transfers
-
-
-
(1)
-
(1)
Depreciation
35
35
15
6
1
92
Disposals
(3)
(9)
-
(5)
-
(17)
Balance, December 31, 2024
707
704
241
96
17
1,765
CARRYING AMOUNTS Balance, March 31, 2024 Balance, December 31, 2024
$ $
1,388 1,454
$ $
1,221 1,236
$ $
296 295
$ $
119 144
$ $
7 7
$ $
119 146
$ 3,150 $ 3,282
*Other is primarily comprised of vehicles and equipment
8.
Lease Liability
Leases are recognized as right-of-use assets and corresponding liabilities at the date at which a leased asset is available for use. Payments for short-term leases and leases of low-value assets are expensed on a straight-line basis and excluded from the lease liability.
As at December 31, 2024
As at March 31, 2024
(millions)
Total future minimum lease payments Less: Future finance charges on leases
$
16
$
14
(1)
(1)
Present value of lease liability
15
13
Less: Current portion of lease liability
(6)
(5)
$
9
$
8
27
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