NOTE 12. CAPITAL ASSETS (A) Continuity (B) Reconciliation to Cash Additions (C)  Construction in Progress (D) Capital Assets Under Finance Leases The net book value of capital assets includes $5,451 (£3,092) of capitalized interest at Bristol Water in accordance with IAS 23. Capstone has used 5.5% as the interest rate to determine the amount capitalized. As assets became available for use, their carrying values were transferred from construction in progress to the appropriate asset class at which time  amortization over the asset useful life began. Carrying values within construction in progress are not amortized. As at Land Equipment and Vehicles Property and Plant Water Network Total Dec 31, 2013 — 5 16,584 1,410 17,999 Dec 31, 2012 — 4 16,924 1,315 18,243 Year ended Dec 31, 2013 Dec 31, 2012 Additions 135,696 146,073 Adjustment for change in capital asset additions included in accounts payable and accrued liabilities 8,942 (18,919) Net foreign exchange difference 1,641 787 Cash additions 146,279 127,941 Jan 1, 2013 Business Acquisition Additions Disposals Foreign Exchange Transfers Dec 31, 2013 Cost Land 2,766 817 — — 242 165 3,990 Equipment and vehicles 15,650 21 866 (1,402) 1,879 (1,495) 15,519 Property and plant 851,726 127,053 4,906 (4,788) 40,375 23,470 1,042,742 Water network 346,530 — 54,165 — 45,406 33,743 479,844 Construction in progress 51,209 — 75,759 (9) 5,831 (62,515) 70,275 1,267,881 127,891 135,696 (6,199) 93,733 (6,632) 1,612,370 Accumulated depreciation Equipment and vehicles (5,160) — (2,035) 1,340 (1,422) — (7,277) Property and plant (168,416) — (43,141) 2,747 (18,331) — (227,141) Water network (7,898) — (6,007) 9 (7,374) — (21,270) Net carrying value 1,086,407 127,891 84,513 (2,103) 66,606 (6,632) 1,356,682 Jan 1, 2012 Additions Disposals Foreign Exchange Transfers Dec 31, 2012 Cost Land 2,707 — — 59 — 2,766 Equipment and vehicles 8,389 1,001 (637) 534 6,363 15,650 Property and plant 790,178 4,517 (4,729) 9,906 51,854 851,726 Water network 271,485 59,571 — 9,542 5,932 346,530 Construction in progress 35,750 80,984 — 1,162 (66,687) 51,209 1,108,509 146,073 (5,366) 21,203 (2,538) 1,267,881 Accumulated depreciation Equipment and vehicles (3,568) (1,847) 608 (353) — (5,160) Property and plant (126,465) (40,516) 2,978 (4,413) — (168,416) Water network (1,020) (5,069) — (1,809) — (7,898) Net carrying value 977,456 98,641 (1,780) 14,628 (2,538) 1,086,407 2013 ANNUAL REPORT  79