Westjet 2005 Annual Report Download - page 42

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40
YOUR OWNERS’ MANUAL
December 31, 2005 and 2004
(Stated in Thousands of Dollars)
2005 2004
Assets
Current assets:
Cash and cash equivalents $ 259,640 $ 148,532
Accounts receivable 8,022 12,814
Income taxes recoverable 13,909 2,854
Prepaid expenses and deposits 31,746 25,493
Inventory 6,259 5,382
319,576 195,075
Property and equipment (note 2) 1,803,497 1,601,546
Other assets (note 3) 90,019 80,733
$ 2,213,092 $ 1,877,354
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable and accrued liabilities $ 100,052 $ 91,885
Advance ticket sales 127,450 81,991
Non-refundable guest credits 32,814 26,704
Current portion of long-term debt (note 4) 114,115 97,305
Current portion of obligations under capital lease (note 6) 2,466 6,564
376,897 304,449
Long-term debt (note 4) 1,044,719 905,631
Obligations under capital lease (note 6) 1,690 –
Other liabilities (note 5) 16,982 10,000
Future income tax (note 8) 102,651 67,382
1,542,939 1,287,462
Shareholders’ equity:
Share capital (note 7(b)) 429,613 390,469
Contributed surplus (note 7(g)) 39,093 21,977
Retained earnings 201,447 177,446
670,153 589,892
Subsequent events (note 6)
Commitments and contingencies (notes 6 and 9)
$ 2,213,092 $ 1,877,354
See accompanying notes to consolidated financial statements.
On behalf of the Board:
Clive Beddoe, Director Wilmot Matthews, Director
WestJet Airlines Ltd.
CONSOLIDATED BALANCE SHEETS