Air Canada 2009 Annual Report Download - page 58

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2009 Air Canada Annual Report
58
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, 2009 December 31, 2008
Accounts receivable
ACE $ - $ 2
Aveos 135 120
$ 135 $ 122
Prepaid Maintenance
Aveos $ 9 $ 5
$ 9 $ 5
Accounts payable and accrued liabilities
ACE $ 3 $ -
Aveos 92 99
$ 95 $ 99
Long-term debt including current portion and value of warrants
ACE $ 150 $ -
$ 150 $ -
Revenues and expenses with related parties are summarized as follows:
Full Year
(Canadian dollars in millions) 2009 2008
Revenues
Property rental revenues from ACE and Aveos $ 31 $ 29
Revenues from information technology services to Aveos 6 15
Revenues from corporate services and other to ACE and Aveos 9 15
$ 46 $ 59
Expenses
Maintenance expense for services from Aveos $ 514 $ 478
Recovery of wages, salary and benefi t expense for employees assigned
to ACE and Aveos (228) (277)
Interest expense for ACE’s participation in the Credit Facility 8 -
Other Expenses - 1
$ 294 $ 202