ORBIT GAR ANT DRILLING INC. NOTES TO THE CONSOLID A TED FINANCIAL ST A TEMENTS (Continued) (Amounts as at March 31, 2008 and for the nine and three months ended March 31, 2008 and for the six and three months ended March 31, 2007 are unaudited) 6. C APIT AL AS SETS (Continued) Net book value Accumulated June 30, Cost amortization 2007 $$ $ L a n d .................................................. 118,001 — 118,001 P arking ................................................. 20,000 3,000 17,000 Buildings ................................................ 1,051,784 45,748 1,006,036 Office equipment .......................................... 113,682 15,794 97,888 Drilling equipment ......................................... 15,695,077 1,272,622 14,422,455 Machinery and equipment ..................................... 172,300 61,027 111,273 Computer equipment ........................................ 352,704 33,322 319,382 V ehicles ................................................ 2,776,366 289,169 2,487,197 L easehold improvements ...................................... 45,654 12,674 32,980 20,345,568 1,733,356 18,612,212 7. GOOD WILL AND INT ANGIBLE AS SETS Net book value Accumulated March 31, Cost amortization 2008 (unaudited) $$ $ Goodwill ................................................ 18,572,965 — 18,572,965 Intangible assets, Limited life: Customer relationship ...................................... 12,600,000 4,928,436 7,671,564 Non-compete agreement .................................... 2,110,000 553,000 1,557,000 14,710,000 5,481,436 9,228,564 Net book value Accumulated June 30, Cost amortization 2007 $$ $ Goodwill ................................................ 17,422,044 — 17,422,044 Intangible assets, Limited life: Customer relationship ...................................... 12,600,000 2,228,436 10,371,564 Non-compete agreement .................................... 2,110,000 236,499 1,873,501 14,710,000 2,464,935 12,245,065 F-17