Air Canada 2007 Annual Report Download - page 80

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2007 Air Canada Annual Report
80
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As at December 31
(Canadian dollars in millions) 2007* 2006
ASSETS
Current
Cash and cash equivalents Note 2P $ 527 $ 1,447
Short-term investments Note 2Q 712 798
1,239 2,245
Restricted cash Note 2R 124 109
Accounts receivable Note 19 750 688
Spare parts, materials and supplies 112 148
Prepaid expenses and other current assets Note 19 253 124
Prepaid maintenance to ACTS Note 3 - 535
Future income taxes Note 9 - 345
2,478 4,194
Property and equipment Note 4 7,919 5,946
Deferred charges Note 5 51 103
Intangible assets Note 6 952 1,194
Deposits and other assets Note 7 437 312
$ 11,837 $ 11,749
LIABILITIES
Current
Accounts payable and accrued liabilities Note 19 $ 1,243 $ 1,521
Advance ticket sales 1,245 1,019
Aeroplan miles obligation Note 22 55 58
Current portion of long-term debt and capital leases Note 8 413 367
Note payable to ACTS Note 3 - 535
Current taxes payable Note 9 - 345
2,956 3,845
Long-term debt and capital leases Note 8 4,006 3,196
Future income taxes Note 9 88 134
Pension and other benefi t liabilities Note 10 1,824 1,876
Other long-term liabilities Note 11 336 472
9,210 9,523
Non-controlling interest 184 374
SHAREHOLDERS’ EQUITY
Share capital Note 13 274 274
Contributed surplus 1,791 1,693
Retained earnings (defi cit) 322 (115 )
Accumulated other comprehensive income Note 2M 56 -
2,443 1,852
$ 11,837 $ 11,749
* Effective May 24, 2007, the results and fi nancial position of Jazz are not consolidated within Air Canada (Note 1).
The accompanying notes are an integral part of the consolidated fi nancial statements.Commitments (Note 16); Contingencies, Guarantees and Indemnities (Note 18)
On behalf of the Board of Directors:
Signed Signed
David I. Richardson Robert G. Long
Chairman Chair of the Audit, Finance and Risk Committee