Capital refers to costs relating to accumulated assets. These are fixed, "one-time", long-term purchases that we need before we can offer our services.  e.g. Tools, repair stands, shelving, computers, etc.--the things you buy and keep, and aren't consumed or sold.

When Godwin says non-capital repair products, I believe he's referring to the parts that we consume in the course of our operations as well as our cost for the products we sell (COGS).

(Rent, utilities, and other ongoing costs are also non-capital costs, aka operating costs, though obviously these aren't counted as repair products.)

Hope that clarifies things a bit.

Chris Chan

President

Edmonton Bicycle Commuters' Society