Air Canada 2006 Annual Report Download - page 73
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Combined Consolidated Statement of Financial Position
As at December 31
(in millions – Canadian dollars) 2006 2005
ASSETS
Current
(note 1)
Cash and cash equivalents note 2P $ 1,447 $ 1,034
Short-term investments note 2Q 798 302
2,245 1,336
Restricted cash note 2R 109 86
Accounts receivable 688 660
Spare parts, materials and supplies 148 179
Prepaid expenses and other current assets 124 122
Prepaid maintenance to ACTS note 1 535 -
Future income tax note 8 345 -
4,194 2,383
Property and equipment note 3 5,946 5,451
Deferred charges note 4 103 127
Intangible assets note 5 1,194 1,811
Deposits and other assets note 6 312 490
$ 11,749 $ 10,262
LIABILITIES
Current
Accounts payable and accrued liabilities $ 1,521 $ 1,411
Advance ticket sales 1,019 893
Aeroplan Miles obligation note 2F 58 89
Current portion of long-term debt and capital leases note 7 367 265
Note payable to ACTS note 1 535 -
Current taxes payable note 8 345 -
3,845 2,658
Long-term debt and capital leases note 7 3,196 2,996
Notes payable to ACE subsidiary note 1 - 340
Future income taxes note 8 134 217
Pension and other benefit liabilities note 9 1,876 2,154
Other long-term liabilities note 10 472 496
Preferred shares note 12 - 50
9,523 8,911
Non-controlling interest 374 333
SHAREHOLDERS’ EQUITY
Share capital note 12 274 22
Contributed surplus note 12 1,693 1,037
Deficit (115) (41)
1,852 1,018
$ 11,749 $ 10,262
The accompanying notes are an integral part of the combined consolidated financial statements.
Commitments (Note 15); Contingencies, Guarantees and Indemnities (Note 17)
On behalf of the Board of Directors:
Signed Signed
Robert A. Milton Richard H. McCoy
Chairman Director
73
Combined Consolidated Financial Statements 2006