view FS - Kiska Metals Corporation

Kiska Metals Corporation
Notes to the consolidated interim financial statements
March 31, 2012 and 2011
(Expressed in Canadian Dollars)
(Unaudited – Prepared by Management)
11. Property and equipment
Camp
Structures
Field
Equipment
Mobile
Equipment
Appliances
Computer
equipment
Leasehold
improvements
Office
equipment &
furniture
Computer
Software
Total
Cost
As at January 1, 2011 $ 513,459 $ 173,667 $ 142,958 $ 124,397 $ 145,788 $ 52,358 $ 62,699 $ 64,111 $ 1,279,437
Additions 203,901 128,487 337,093 21,065 24,447 17,941 21,221 157,989 912,144
Written off (332,437) - (28,381) - - - - - (360,818)
As at December 31,
2011 384,923 302,154 451,670 145,462 170,235 70,299 83,920 222,100 1,830,763
Additions - - - - - - - 28,517 28,517
As at March 31, 2012 $ 384,923 $ 301,545 $ 451,670 $ 145,462 $ 170,235 $ 70,299 $ 83,920 $ 251,225 $ 1,859,279
Accumulated
Depreciation
As at January 1, 2011 $ (231,043) $ (69,907) $ (113,706) $ (77,965) $ (112,587) $ (22,594) $ (18,439) $ (50,061) $ (696,302)
Depreciation (88,056) (60,872) (46,067) (41,498) (11,324) (20,064) (24,793) (150,564) (443,239)
Written off 237,693 - 10,829 - - - - - 248,522
As at December 31,
2011 (81,406) (130,779) (148,945) (119,463) (123,911) (42,658) (43,232) (200,625) (891,019)
Depreciation (8,971) (12,827) (27,663) (4,688) (6,990) (531) (2,260) (8,998) (72,928)
As at March 31, 2012 $ (90,377) $ (143,606) $ (176,607) $ (124,150) $ (130,902) $ (43,189) $ (45,492) $ (209,623) $ (963,947)
Net book value:
At December 31, 2011 303,517 171,375 302,725 25,999 46,324 27,641 40,688 21,475 939,744
At March 31, 2012 $ 294,545 $ 157,940 $ 275,062 $ 21,312 $ 39,334 $ 27,110 $ 38,428 $ 41,601 $ 895,332
24