Notes to Consolidated Financial Statements

4. CAPITAL ASSETS

Capital assets consist of the following:

	2007			2006

	Cost $	Accumulated depreciation $	Net book value $	Cost $	Accumulated depreciation $	Net book value $

Land	4,357	–	4,357	4,357	–	4,357
Buildings	29,721	15,092	14,629	29,033	14,406	14,627
Leasehold improvements	2,953	1,868	1,085	2,916	1,791	1,125
Equipment	51,962	41,844	10,118	49,709	40,079	9,630
Computer equipment and major application software	28,306	25,620	2,686	27,495	24,859	2,636
Assets under construction	836	–	836	122	–	122

	118,135	84,424	33,711	113,632	81,135	32,497

Assets under construction relate to various projects for building renovations, building of new lab equipment and software applications. No depreciation was provided on these assets since they have not been placed in service. The Association has committed approximately $2,400 to the cost of the construction in the next fiscal year.