Schedule 3G - Purchased Intangibles

PSAB Guideline PSG-8 defines purchased intangibles as non-financial assets without physical substance that:

• Are held for use in the production or supply of goods and services, for rental to others, for administrative purposes or for the development, construction, maintenance or repair of other intangible assets or tangible capital assets.

• Have useful economic lives extending beyond one year.

• Are to be used on a continuing basis.

• Are purchased through an arm’s length exchange transaction between knowledgeable, willing parties that are under no compulsion to act.

• Are not for sale in the ordinary course of operations.

• Are not held as part of a collection.

This schedule tracks the continuity of purchased intangibles (PI) in the year. School boards must input PI activity from September 1, 2025 to August 31, 2026.

• Purchased intangibles should be capitalized on their acquisition date if the capitalization threshold of $10,000 is met.

• School boards must assess whether the useful life of a purchased intangible is finite or indefinite. Separate lines are included for each of these classes, as well as for PI that have been permanently removed from service.

• For PI with finite lives, amortization should be recorded on a straight-line basis over the useful life of the asset.

The schedule includes separate grids for continuity of PI cost, accumulated amortization, and net book value.

Column 1: PI Cost - Opening Balance September 1

The opening balances are preloaded from the 2024-25 board-submitted Revised Estimates closing balances. Adjustments are not permitted in this column.

Column 2: PI Cost - Adjustments to Opening Balance

This column may be used to adjust the loaded opening balances to the latest data available. In Revised Estimates, the adjustment, if any, plus the pre-loaded opening balance should agree to the closing balance of the prior year Financial Statements.

Column 3: PI Cost - Transfer Between Asset Classes

Use this column to transfer from one PI class to another, or to PI permanently removed from service. Note that the amounts in this column should net to zero.

Column 4: PI Cost - Additions

Input any PI additions in the year.

Column 5: PI Cost - Impairments

Input any impairments to PI with indefinite lives in this column. For PI with finite lives or those that have been permanently removed from service, any impairments would be recorded in column 13 (PI Accumulated Amortization - Impairments). Negative values should be entered in this column.

Column 6: PI Cost - Disposals

Input disposals of PI in this column. Negative values should be entered.

Column 7: PI Cost - Transfer to Financial Assets

Input any transfers to assets held for sale in this column. Please note that these will not be entered on Schedule 3D, which is applicable only to TCA; instead, if a school board has a PI held for sale at year end, they can record the net book value directly on Schedule 7 at item 1.4.2.2 in the Financial Statements. Negative values should be entered in this column.

Column 8: PI Cost - Closing Balance August 31

This column is calculated as the sum of columns 1 to 7.

Column 9: PI Accumulated Amortization - Opening Balance September 1

The opening balances are preloaded from the 2025-26 board-submitted Revised Estimates closing balances. Adjustments are not permitted in this column.

Column 10: PI Accumulated Amortization - Adjustments to Opening Balance

This column may be used to adjust the loaded opening balances to the latest data available. In Revised Estimates, the adjustment, if any, plus the pre-loaded opening balance should agree to the closing balance of the prior year Financial Statements.

Column 11: PI Accumulated Amortization - Transfer Between Asset Classes

Use this column to transfer from PI with finite lives to PI permanently removed from service, or vice-versa. Note that the amounts in this column should net to zero.

Column 12: PI Accumulated Amortization - Amortization Expense

Input any PI amortization expense in the year. This is only applicable to PI with finite lives.

Column 13: PI Accumulated Amortization - Impairments

Input any impairments to PI with finite lives or those permanently removed from service in this column. For PI with indefinite lives, any impairments would be recorded in column 5 (PI Cost - Impairments). Positive values should be entered in this column.

Column 14: PI Accumulated Amortization - Disposals

Input disposals of PI accumulated amortization in this column. Negative values should be entered.

Column 15: PI Accumulated Amortization - Transfer to Financial Assets

Input the removal of accumulated amortization for any transfers to assets held for sale in this column. Please note that these will not be entered on Schedule 3D, which is applicable only to TCA; instead, if a school board has a PI held for sale at year end, they can record the net book value directly on Schedule 7 at item 1.4.2.2 in the Financial Statements. Negative values should be entered in this column.

Column 16: PI Accumulated Amortization - Closing Balance August 31

This column is calculated as the sum of columns 9 to 15.

Columns 17 & 18: PI NBV - Closing Balance August 31, Opening Balance September 1

These columns calculate the opening and closing net book values by PI category, based on data from the cost and accumulated amortization grids.

Columns 19, 20, & 21: PI Proceeds of Disposition, Gain on Disposal, Loss on Disposal

Input the proceeds received from the sale of any PI, as well as the related gain or loss on disposal, if applicable.

Relationship to other schedules:

• The total amortization and impairments reported in columns 5, 12, and 13 should be equal to the total values entered on Schedule 10 for amortization and write downs in column 10, items 72, 73, 74, 75, and 76.

• The total loss on disposal reported in column 21 should be equal to the total values entered on Schedule 10 for loss on disposal in column 10, items 72.1, 73.1, 74.1, 75.1, and 76.1.

• In Financial Statements only, the value entered on Schedule 7 at item 1.4.2.2 (FP - Assets Held for Sale - Purchased Intangibles) should be greater than or equal to the net book value of the transfer to financial assets of purchased intangibles. This would be the difference between columns 7 (PI Cost) and 15 (PI Accumulated Amortization).