Air Canada 2009 Annual Report Download - page 52
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2009 Air Canada Annual Report
52
Asset Backed Commercial Paper (“ABCP”)
The Corporation has $37 million ($29 million net of a fair value adjustment) in non-bank sponsored ABCP which has been
recorded in Deposits and other assets. 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.