NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 9. Property, Plant and Equipment 10. Accounts Payable and Accrued Liabilities Cost $Thousands   Land and  Buildings   Drilling Rigs   Other   Total  Balance as at December 31, 2011  $ 4,240   307,148   $ 6,199   $ 317,587  Additions  -   63,958   1,398   65,356 Disposals  -   (11,444)  (143)  (11,587) Balance as at December 31, 2012  4,240   359,662   7,454   371,356  Additions  -   34,145   968   35,113  Disposals  -   (6,521)  (606)  (7,127) Balance as at December 31, 2013  $ 4,240   $ 387,286   $ 7,816   $ 399,342  Accumulated Depreciation $ Thousands  Land and  Buildings   Drilling Rigs   Other   Total  Balance as at December 31, 2011  986   $ 145,348   $ 4,441   $ 150,775  Disposals  -   (8,566)  (119)  (8,685) Depreciation expense  94   23,457   746   24,297  Balance as at December 31, 2012 1,080  160,239  5,068   166,387  Disposals  -   (6,185)  (606)  (6,791) Depreciation expense  88   25,736   938   26,762  Balance as at December 31, 2013  $ 1,168   $ 179,790   $ 5,400   $ 186,358  Net Book Value  $ Thousands  Land and  Buildings   Drilling Rigs   Other   Total  As at December 31, 2011  $ 3,254   $ 161,800   $ 1,758   $ 166,812  As at December 31, 2012  $ 3,160   $ 199,423  $ 2,386   $ 204,969  As at December 31, 2013  $ 3,072   $ 207,496   $ 2,416   $ 212,984  $Thousands  December 31 2013 December 31 2012 Trade payables  $ 7,315  $ 13,218  Statutory liabilities  10,119  28,072  Accrued expenses  1,431   1,799   $ 18,865   $ 43,089  At December 31, 2013, the Company had $9,064,000 in Property, Plant and Equipment that was not being  depreciated, as these assets were under construction (December 31, 2012 – $12,256,000). In addition to depreciation on its Property, Plant and Equipment, the Company had amortization expense of  $63,000 for the year ended December 31, 2013 (2012- $45,000). 51 AKITA DRILLING LTD.  ANNUAL REPORT