Air Canada 2007 Annual Report Download - page 100

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2007 Air Canada Annual Report
100
5. DEFERRED CHARGES
2007 2006
Aircraft lease payments in excess of rent expense - Air Canada Note 2X $ 47 $ 55
Financing costs - Air Canada 4 18
Aircraft lease payments in excess of rent expense - Jazz Note 2X - 28
Financing costs - Jazz - 2
$ 51 $ 103
6. INTANGIBLE ASSETS
2007 2006
Indefi nite life assets
International route rights and slots $ 327 $ 430
Air Canada trade name 298 393
Other marketing based trade names 31 50
656 873
Finite life assets
Star Alliance membership 131 158
Other contract and customer based 144 157
Technology based 186 130
461 445
Accumulated depreciation and amortization
Star Alliance membership (27 ) (22 )
Other contract and customer based (81 ) (65 )
Technology based (57 ) (37 )
(165 ) (124 )
Finite life assets, net 296 321
$ 952 $ 1,194
As a result of recognizing the benefi t during the year ended December 31, 2007 of future income tax assets that existed
at fresh start, and for which a valuation allowance was recorded intangible assets were reduced on a pro-rata basis by
$252 (2006 - $554). In addition, amortization of intangible assets amounted to $41 (2006 - $54)
The carrying value of intangible assets includes nil (2006 - $5) related to Jazz, which ceased to be consolidated under
AcG-15 effective May 24, 2007.