Air Canada 2008 Annual Report Download - page 88

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2008 Air Canada Annual Report
88
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AsatDecember31
(Canadian dollars in millions) 2008 2007
ASSETS
Current
Cash and cash equivalents Note 2o $ 499 $ 527
Short-term investments Note 2p 506 712
1,005 1,239
Restricted cash Note 2q 45 124
Accounts receivable Note 18 702 750
Aircraft fuel inventory 97 98
Fuel derivatives Note 15 - 68
Collateral deposits for fuel derivatives Note 15 328 -
Prepaid expenses and other current assets Note 18 226 182
2,403 2,461
Property and equipment Note 3 7,469 7,919
Intangible assets Note 4 997 952
Deposits and other assets Note 5 495 488
$ 11,364 $ 11,820
LIABILITIES
Current
Accounts payable and accrued liabilities Note 18 $ 1,440 $ 1,226
Fuel derivatives Note 15 420 -
Advance ticket sales 1,333 1,300
Current portion of long-term debt and capital leases Note 6 663 413
3,856 2,939
Long-term debt and capital leases Note 6 4,691 4,006
Future income taxes Note 7 88 88
Pension and other benefit liabilities Note 8 1,407 1,824
Other long-term liabilities Note 9 370 336
10,412 9,193
Non-controlling interest 190 184
SHAREHOLDERS’ EQUITY
Share capital Note 11 274 274
Contributed surplus 1,797 1,791
Retained earnings (deficit) (703) 322
Accumulated other comprehensive income (loss) Notes 2l &11 (606) 56
762 2,443
$ 11,364 $ 11,820
The accompanying notes are an integral part of the consolidated financial statements.
Commitments (Note 14); Contingencies, Guarantees, and Indemnities (Note 17)
On behalf of the Board of Directors:
Signed Signed
DavidI.Richardson RobertG.Long
Chairman Chair of the Audit, Finance and Risk Committee