MANAGEMENT’S DISCUSSION AND ANALYSIS ( E) Impairments NOTE 13. PROJECTS UNDER DEVELOPMENT NOTE 14. INTANGIBLES 80 CAPSTONE INFRASTRUCTURE CORPORATION At the end of each reporting period, Capstone reviews its capital assets and amortizing intangible assets to determine if any indicators of impairment  exist. As at December 31, 2013, Capstone identified the deficit of market capitalization to the carrying amount of owners' equity as an indicator of  impairment. Consequently, Capstone performed a comprehensive analysis, which confirmed that the fair value of its assets was greater than the  carrying amounts included in these consolidated financial statements. As a result, no impairments were recognized at December 31, 2013. Capstone's determination of fair value was based on a discounted cash flow analysis of the expected future cash flows for each cash generating unit  ("CGU"). The analysis then compared the recoverable amount of each CGU with the carrying amount included in the consolidated statement of  financial position. For the purposes of this analysis, the recoverable amount was based on the present value of cash flows, which relies on  management's current best estimate of the underlying cash flows and discount rate. Jan 1, 2013 Business Acquisition Additions Foreign Exchange Transfers Dec 31, 2013 Assets Computer software 7,544 — 79 3,549 6,632 17,804 Electricity supply, gas purchase and other contracts 108,048 52,041 — — — 160,089 Water rights 73,018 — — — — 73,018 Licence 21,516 — — 1,927 — 23,443 Goodwill 139,712 — — 12,539 — 152,251 Accumulated amortization Computer software (3,269) — (2,831) (2,804) — (8,904) Electricity supply and gas purchase contracts (50,967) — (7,668) — — (58,635) Water rights (11,683) — (2,111) — — (13,794) 283,919 52,041 (12,531) 15,211 6,632 345,272 Provisions Electricity supply and gas purchase contracts 12,257 — — — — 12,257 Utilization (8,997) — (1,626) — — (10,623) 3,260 — (1,626) — — 1,634 (A) Continuity 2013 As at January 1, 2013 — Business acquisition 12,683 Capitalized costs during the year 8,991 As at December 31, 2013 21,674 As at December 31, 2013, projects under development did not include any capitalized interest costs. (B) Reconciliation to Cash Additions Year ended Dec 31, 2013 Additions 8,991 Adjustment for change in additions to projects under development included in accounts payable and accrued liabilities (4,343) Cash additions 4,648