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 118001 118001 P arking 20000 3000 17000 Buildings 1051784 45748 1006036 Office equipment 113682 15794 97888 Drilling equipment 15695077 1272622 14422455 Machinery and equipment 172300 61027 111273 Computer equipment 352704 33322 319382 V ehicles 2776366 289169 2487197 L easehold improvements 45654 12674 32980 20345568 1733356 18612212 7 GOOD WILL AND INT ANGIBLE AS SETS Net book value Accumulated March 31 Cost amortization 2008 unaudited Goodwill 18572965 18572965 Intangible assets Limited life Customer relationship 12600000 4928436 7671564 Noncompete agreement 2110000 553000 1557000 14710000 5481436 9228564 Net book value Accumulated June 30 Cost amortization 2007 Goodwill 17422044 17422044 Intangible assets Limited life Customer relationship 12600000 2228436 10371564 Noncompete agreement 2110000 236499 1873501 14710000 2464935 12245065 F17