Air Canada 2012 Annual Report Download - page 87
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2012 Consolidated Financial Statements and Notes
87
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS)
For the year ended December 31 2012 2011
(Canadian dollars in millions)
Comprehensive income (loss)
Net income (loss) $ 131 $(249)
Other comprehensive income, net of taxes of nil:
Net gain (loss) on employee benefit liabilities Note 9 553 (2,394)
Total comprehensive income (loss) $ 684 $(2,643)
Comprehensive income (loss) attributable to:
Shareholders of Air Canada $ 680 $(2,649)
Non-controlling interests 4 6
$ 684 $ (2,643)
Comprehensive income (loss) attributable to shareholders of Air Canada from:
Continuing operations $ 735 $ (2,649)
Discontinued operations (55) –
$ 680 $ (2,649)
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
(Canadian dollars in millions)
Share capital Contributed
surplus Deficit
Total
shareholders'
equity
Non-
controlling
interests
Total equity
January 1, 2011 $ 846 $ 54 $ (2,334) $ (1,434) $ 146 $ (1,288)
Net income (loss) – – (255) (255) 6 (249)
Net loss on employee benefit liabilities – – (2,394) (2,394) – (2,394)
Total comprehensive income (loss) – – (2,649) (2,649) 6 (2,643)
Share-based compensation – 4 – 4 – 4
Shares purchased in trust for employee
recognition award (11) – – (11) – (11)
Shares issued for employee recognition
award 5 – – 5 – 5
Distributions – – – – (73) (73)
December 31, 2011 $ 840 $ 58 $ (4,983) $ (4,085) $ 79 $ (4,006)
Net income – – 127 127 4 131
Net gain on employee benefit liabilities – – 553 553 – 553
Total comprehensive income – – 680 680 4 684
Share-based compensation – 4 – 4 – 4
Expiration of warrants (18) – 18 – – –
Shares purchased and cancelled under
issuer bid (9) – 4 (5) – (5)
Distributions – – – – (19) (19)
December 31, 2012 $ 813 $ 62 $ (4,281) $ (3,406) $ 64 $ (3,342)
The accompanying notes are an integral part of the consolidated financial statements.