Air Canada 2009 Annual Report Download - page 105

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Consolidated Financial Statements and Notes
105
5. DEPOSITS AND OTHER ASSETS
2009 2008
Aircraft related deposits (a) $ 189 $ 203
Restricted cash 121 65
Deposit related to the Pension and Benefi ts Agreement Note 18 43 42
Asset backed commercial paper (b) 29 29
Aircraft lease payments in excess of rent expense Note 2W 51 49
Other deposits 24 78
Other 13 29
$ 470 $ 495
(a) Represents the amount of deposits with lessors for the lease of aircraft and fl ight 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, 2009 is based on a number of assumptions as to the fair value of the investments including factors
such as estimated cash fl ow 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 2009.