Air Canada 2010 Annual Report Download - page 103

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Consolidated Financial Statements and Notes
103
4. INTANGIBLE ASSETS
2010 2009
Indefinite life assets
International route rights and slots $ 310 $ 329
Air Canada trade name 276 298
Other marketing based trade names 29 31
615 658
Finite life assets
Star Alliance membership 125 131
Other contract and customer based 141 144
Technology based 277 254
543 529
Accumulated depreciation and amortization
Star Alliance membership (42) (37)
Other contract and customer based (116) (110)
Technology based (160) (124)
(318) (271)
Finite life assets, net 225 258
$ 840 $ 916
The amortization of intangible assets in 2010 amounted to $47 (2009 - $58).
As a result of recognizing the benefit during the year ended December 31, 2010 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 $56
(2009 – nil).
During 2009, the Corporation recorded an impairment charge of $68 related to previously capitalized costs incurred
pertaining to the development of a new reservation system, referred to as POLARIS, which was recorded in Technology
based intangible assets.