Air Canada 2007 Annual Report Download - page 124

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2007 Air Canada Annual Report
124
Included within Depreciation, amortization and obsolescence is depreciation of property and equipment for 2007 of $514
(2006 - $458). This is broken down by segment as follows: Air Canada $505 (2006 - $437) and Jazz $9 ($21).
Passenger revenues 2007 2006
Canada $ 3,970 $ 3,680
US Transborder 1,884 1,825
Atlantic 1,806 1,795
Pacifi c 967 946
Other 702 641
$ 9,329 $ 8,887
Cargo revenues 2007 2006
Canada $ 108 $ 119
US Transborder 25 28
Atlantic 219 222
Pacifi c 159 218
Other 39 42
$ 550 $ 629
Passenger and cargo revenues are based on the actual fl own revenue for fl ights with an origin and destination in a specifi c
country or region. Atlantic refers to fl ights that cross the Atlantic Ocean with origin and destinations principally in Europe.
Pacifi c refers to fl ights that cross the Pacifi c Ocean with origin and destinations principally in Asia. Other revenues are
principally derived from customers located in Canada.
Segment Asset Information
As at December 31, 2007, the Corporation has one reportable segment. The following is the segment asset information for
the Corporation’s two reportable segments as at December 31, 2006.
2006
Air Canada
Segment Jazz Elimination
Consolidated
Total
Cash and cash equivalents $ 1,312 $ 135 $ - $ 1,447
Short-term investments 798 - - 798
$ 2,110 $ 135 $ - $ 2,245
Additions to capital assets $ 863 $ 25 $ - $ 888
Total assets $ 11,388 $ 483 $ (122 ) $ 11,749
The Corporation is a domestic and international carrier and for the purposes of segment reporting, fl ight equipment is attributed to Canada. As a result, substantially all of the
Corporation’s property and equipment are related to operations in Canada.
The Air Canada segment is comprised of the passenger and cargo transportation services business operated by the Corporation
and related ancillary services.
The Jazz segment, included up to May 24, 2007, is operating under the Jazz CPA with the Corporation. Effective May 24, 2007,
the results of Jazz are not consolidated within Air Canada. Refer to note 1. Pass-through costs, which are non-marked-up
costs charged to the Corporation from Jazz, include fuel, airport and user fees and other; these expenses are recorded in the
applicable category within the operating expenses in the 2007 results of Air Canada.
Also refer to Note 19 Related Party Transactions.