Notes to the Consolidated Financial Statements
12. Intangible Assets
Computer Software
Under Development
(millions)
Total
COST Balance, April 1, 2022
2 $
155
$
153 $
12
Additions Transfers
3
9
(3)
-
(3)
164
Balance, March 31, 2023
156
8
21
Additions Disposals Transfers
6
15
(6) (6)
(5)
(1) (6)
-
173
Balance, March 31, 2024
157
16
ACCUMULATED AMORTIZATION Balance, April 1, 2022
86 27
86 27
- - - - - -
Amortization
113
Balance, March 31, 2023
113
20
Amortization
20
(5)
Disposals
(5)
128
Balance, March 31, 2024 CARRYING AMOUNTS Balance, March 31, 2023 Balance, March 31, 2024
128
8 $
51 45
$ $
43 $ 29 $
16 $
The annualized composite rate of amortization was 12.7 per cent during the period (2023 - 18.4 per cent).
82
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