Air Canada 2008 Annual Report Download - page 64

Download and view the complete annual report

Please find page 64 of the 2008 Air Canada 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 152

  • 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
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152

2008 Air Canada Annual Report
64
The related party balances resulting from the payment obligations in respect of the application of the related party
agreements were as follows:
(Canadian dollars in millions) December31,2008 December31,2007
Accountsreceivable
ACE $ 2 $ 9
Aveos 120 75
$ 122 $ 84
Prepaid Maintenance
Aveos $ 5 $ 24
$ 5 $ 24
Accountspayableandaccruedliabilities
Aveos $ 99 $ 88
$ 99 $ 88
Revenues and expenses with related parties are summarized as follows:
(Canadian dollars in millions)
Fourth Quarter Full Year
2008 2007 2008 2007
Revenues
Property rental revenues from ACE and Aveos $ 7 $ 8 $ 29 $ 39
Revenues from information technology services to Aveos
services to related parties 4 3 15 14
Revenues from corporate services and other to ACE and Aveos (7) (1) 15 16
Cargo revenues from Aveos - 1 - 1
Other revenues - 1 - 1
$ 4 $ 12 $ 59 $ 71
Expenses
Maintenance expense for services from Aveos $ 110 $ 127 $ 478 $ 632
Recovery of wages, salary and benefit expense
for employees assigned to ACE and Aveos (58) (86) (277) (362)
Other expenses 1 - 1 -
$ 53 $ 41 $ 202 $ 270