Air Canada 2008 Annual Report Download - page 108

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2008 Air Canada Annual Report
108
5. DEPOSITS AND OTHER ASSETS
2008 2007
Aircraft related deposits (a) $ 203 $ 150
Restricted cash 65 84
Deposit related to the Pension and Benefits Agreement Note 18 42 101
Asset backed commercial paper (b) 29 29
Aircraft lease payments in excess of rent expense Note 2w 49 51
Other deposits 78 56
Other 29 17
$ 495 $ 488
(a) Represents the amount of deposits with lessors for the lease of aircraft and flight simulators.
(b) The Corporation has $37 ($29 net of a fair value adjustment) in non-bank sponsored ABCP. The carrying value as at
December 31, 2008 is based on a number of assumptions as to the fair value of the investments including factors
such as estimated cash flow scenarios and risk adjusted discount rates. The assumptions used in estimating the fair
value of the investments are subject to change, which may result in further adjustments to non-operating results in
the future. No adjustments to the carrying value were recorded during 2008.