Westjet 2009 Annual Report Download - page 80

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50 WestJet 2009 Annual Report
CONSOLIDATED STATEMENT
OF COMPREHENSIVE INCOME
For the years ended December 31
(Stated in thousands of Canadian dollars)
2009 2008
Restated – see note 2
Net earnings $ 98,178 $ 178,506
Other comprehensive income (loss), net of tax:
Amortization of hedge settlements to aircraft leasing 1,400 1,400
Net unrealized gain (loss) on foreign exchange derivatives under cash fl ow
hedge accounting (i) (911) 7,224
Reclassifi cation of net realized gain on foreign exchange derivatives to net earnings (ii) (3,977) (3,197)
Net unrealized gain (loss) on fuel derivatives under cash fl ow hedge accounting (iii) 6,709 (31,625)
Reclassifi cation of net realized loss on fuel derivatives to net earnings (iv) 20,039 —
23,260 (26,198)
Total comprehensive income $ 121,438 $ 152,308
(i) Net of income taxes of $447 (2008 – $(3,097)).
(ii) Net of income taxes of $1,576 (2008 – $1,357).
(iii) Net of income taxes of $(2,878) (2008 – $13,086).
(iv) Net of income taxes of $(8,372) (2008 – $nil).
The accompanying notes are an integral part of the consolidated fi nancial statements.