Westjet 2009 Annual Report Download - page 78

Download and view the complete annual report

Please find page 78 of the 2009 Westjet annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 112

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112

48 WestJet 2009 Annual Report
CONSOLIDATED
BALANCE SHEET
As at December 31
(Stated in thousands of Canadian dollars)
2009 2008
Restated ā€“ see note 2
Assets
Current assets:
Cash and cash equivalents (note 4) $ 1,005,181 $ 820,214
Accounts receivable 27,654 16,837
Future income tax (note 9) 2,560 8,459
Prepaid expenses, deposits and other (note 14(a)) 56,239 53,283
Inventory 26,048 17,054
1,117,682 915,847
Property and equipment (note 5) 2,307,566 2,269,790
Intangible assets (note 6) 14,087 12,060
Other assets (note 14(a)) 54,367 71,005
$ 3,493,702 $ 3,268,702
Liabilities and shareholdersā€™ equity
Current liabilities:
Accounts payable and accrued liabilities $ 231,401 $ 249,354
Advance ticket sales 286,361 251,354
Non-refundable guest credits 64,506 73,020
Current portion of long-term debt (note 7) 171,223 165,721
Current portion of obligations under capital leases (note 8) 744 395
754,235 739,844
Long-term debt (note 7) 1,048,554 1,186,182
Obligations under capital leases (note 8) 3,358 713
Other liabilities (note 14(a)) 19,628 24,233
Future income tax (note 9) 278,999 241,740
2,104,774 2,192,712
Shareholdersā€™ equity:
Share capital (note 10(b)) 633,075 452,885
Contributed surplus 71,503 60,193
Accumulated other comprehensive loss (note 14(c)) (14,852) (38,112)
Retained earnings 699,202 601,024
1,388,928 1,075,990
Commitments and contingencies (note 12)
$ 3,493,702 $ 3,268,702
The accompanying notes are an integral part of the consolidated ļ¬ nancial statements.
On behalf of the Board:
Sean Durfy, Director Hugh Bolton, Director