Genome Canada Notes to the financial statements March 31, 2017 (in thousands of dollars) Page 6 2. Significant accounting policies (continued) Capital assets Capital assets are stated at their net book value. Amortization is provided for using the declining-balance method at the following annual rates and term: Furniture and fixtures and office equipment 20% Computers and software 50% Telecommunication equipment 30% Leasehold improvements Term of lease Pension plan The Corporation maintains, for the benefit of almost all of its employees, a defined contribution pension plan. The cost of the plan is recorded in the statement of operations as it is incurred. The charge for the year totals $216 (2016 - $208). Use of estimates The preparation of financial statements in conformity with Canadian accounting standards for not-for- profit organizations requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Accordingly, actual results could differ from these estimates. The most significant estimates used in the preparation of the financial statements include the fair value of investments, the amount of certain accrued liabilities and the estimated useful lives of capital assets. These estimates are reviewed annually and as adjustments become necessary, they are recorded in the financial statements in the year in which they become known. 3. Cash and cash equivalents 2017 2016 $ $ Cash 986 711 Short-term investments 20,651 32,025 21,637 32,736 4. Investments 2017 2016 Fair value Cost Fair value Cost $ $ $ $ Federal government bonds 8,030 8,048 4,662 4,667 Provincial government bonds 12,745 12,818 3,010 3,022 Corporate bonds 7,033 7,049 4,191 4,223 27,808 27,915 11,863 11,912 The interest rates at the end of the year range from 0.987% to 6.145% (2016 - 0.98% to 5.28%) and mature at varying dates in 2017 and 2018 (2016 - varying dates in 2017).