|(in thousands of Canadian dollars)||For the year ended March 31|
|(Loss) gain on disposal of property and equipment||(4,004)||11,891||(133.7)|
|Gain on business divestitures||-||7,185||(100.0)|
N/A = Not applicable
Non-operating losses of $3.0 million for the year resulted mainly from equipment disposals as we replace old technology. These costs were partially offset by a non-cash dilution gain of $1.0 million related to our investment in Sirius XM. Our prior year non-operating items also included similar losses from replacing old equipment; however, there was an overall gain because of $18.5 million in net proceeds from the disposal of transmission sites in Calgary and Edmonton. These properties were previously used for transmitting English radio signals, which are now transmitted from lower-cost locations. Last year’s results were also unusually high because of a gain of $7.2 million related mostly to the sale of the bold specialty channel to Blue Ant Media.