CAPITAL POWER CORPORATION Notes to the Consolidated Financial Statements (Tabular amounts in millions of Canadian dollars, except share and per share amounts) Borrowing costs were not capitalized on intangible assets during the years ended December 31, 2012 or 2011. There are no charges over the Company's intangible assets. 18. Intangible assets, continued: Capitalized borrowing costs Restrictions on assets 19. Property, plant and equipment: Impairments Other rights include the cost of land lease agreements for use in wind power projects in Alberta, British Columbia and Ontario and coal supply access rights relating to the Keephills 3 Project. No impairments of intangible assets were recognized during the year ended December 31, 2012 (year ended December 31, 2011 - $43 million). No previous impairments of intangible assets were reversed during the year ended December 31, 2012 (year ended December 31, 2011 - nil). 106 Construction work in progress Land Plant and equipment Total Cost As at January 1, 2011 $ 890 $ 68 $ 3,023 $ 3,981 Acquisitions through business combinations - 4 622 626 Additions 445 1 38 484 Additions into service (974) 16 958 - Disposal of CPILP (3) (5) (1,002) (1,010) Retirements and other disposals - - (32) (32) Revisions to decommissioning costs - - 45 45 Foreign currency translation adjustments - - 61 61 As at December 31, 2011 $ 358 $ 84 $ 3,713 $ 4,155 Additions 504 - 15 519 Additions into service (359) 17 342 - Disposal of hydro assets (note 8) - - (71) (71) Retirements and other disposals - - (53) (53) Transfers to finance lease receivables (412) - - (412) Revisions to decommissioning costs - - 9 9 Foreign currency translation adjustments - - (20) (20) As at December 31, 2012 $ 91 $ 101 $ 3,935 $ 4,127 Accumulated depreciation At January 1, 2011 $ - $ - $ (303) $ (303) Depreciation - - (192) (192) Disposal of CPILP - - 163 163 Retirements and other disposals - - 23 23 Foreign currency translation adjustments - - (4) (4) As at December 31, 2011 $ - $ - $ (313) $ (313) Depreciation - - (198) (198) Disposal of hydro assets (note 8) - - 15 15 Retirements and other disposals - - 43 43 Foreign currency translation adjustments - - 4 4 Impairments (note 10) - - (50) (50) As at December 31, 2012 $ - $ - $ (499) $ (499) Net book value As at January 1, 2011 $ 890 $ 68 $ 2,720 $ 3,678 As at December 31, 2011 $ 358 $ 84 $ 3,400 $ 3,842 As at December 31, 2012 $ 91 $ 101 $ 3,436 $ 3,628