Air Canada 2008 Annual Report Download - page 64
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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) December31,2008 December31,2007
Accountsreceivable
ACE $ 2 $ 9
Aveos 120 75
$ 122 $ 84
Prepaid Maintenance
Aveos $ 5 $ 24
$ 5 $ 24
Accountspayableandaccruedliabilities
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