Notes to the Consolidated Financial Statements
Years ended December 31, 2008 and 2007 (In thousands of dollars, except per share amounts)

5. Premises and equipment:

Premises and equipment are comprised of:

        Accumulated    
As at December 31, 2008   Cost   amortization   Net book value
             
Premises under capital lease $ 12,317 $ 12,317 $ –
Computers and electronic trading equipment   78,465   62,721   15,744
Furniture, fixtures and other equipment   18,456   16,918   1,538
Leasehold improvements   45,980   35,757   10,223
  $ 155,218   127,713   27,505
             
        Accumulated    
As at December 31, 2007   Cost   amortization   Net book value
             
Premises under capital lease $ 12,317 $ 12,129 $ 188
Computers and electronic trading equipment   65,262   54,117   11,145
Furniture, fixtures and other equipment   17,722   16,346   1,376
Leasehold improvements   40,599   31,984   8,615
  $ 135,900 $ 114,576 $ 21,324

Amortization charged for the year was $12,200 (2007 – $11,102).