Notes to the Consolidated Financial Statements (unaudited)
8.
PROPERTY, PLANT AND EQUIPMENT
Transmission
Computer Construction
(millions)
Distribution and Storage Compression Other* Hardware in Progress Total
COST Balance, April 1, 2022
$ 4,448
$
1,891
$
1,763
$
507
$
213
$
20
54
$
348
Additions Disposals
86
29
12
10
4
207
(20) (18)
-
(2) (1)
(4) (4)
(12)
- - -
(2)
Adjustments
(11)
(2)
-
(144)
Transfers
(3)
-
-
-
(141)
4,614
Balance, March 31, 2023
1,963
1,789
511
209
24
118 185
361
Additions Disposals
85
71
6
13
1
(17)
(3)
(5)
-
(7)
- - -
(2)
23
Adjustments
19
- -
2
2 1
-
(175)
Transfers
-
-
(176)
4,806
Balance, December 31, 2023
2,064
1,855
519
218
25
125
ACCUMULATED DEPRECIATION Balance, April 1, 2022
1,504
591
600
195
101
17
- - - - - - - - -
112
Depreciation Adjustments
45
41
18
8
- - -
(2)
-
-
-
(2)
(20)
Disposals
(3)
(2)
(5)
(10)
1,594
Balance, March 31, 2023
633
639
208
97
17
1
Transfers
-
-
-
1 6
-
8 8
Depreciation
34
33
14
1
(11)
Disposals
(2)
(5)
-
(4)
-
1,672
Balance, December 31, 2023
665
667
222
100
18
CARRYING AMOUNTS Balance, March 31, 2023
$ 3,020 $ 3,134
$
1,330 1,399
$ $
1,150 1,188
$ $
303 297
$ $
112 118
$ $
7 7
$ $
118 125
Balance, December 31, 2023 $
* Other is comprised of buildings, vehicles and equipment
9.
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, 2023
As at March 31, 2023
(millions)
$
13
Total future minimum lease payments Less: Future finance charges on leases
$
11
(1)
(1)
12
Present value of lease liability
10
(5)
Less: Current portion of lease liability
(4)
$
7
$
6
26
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