Air Canada 2010 Annual Report Download - page 70

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2010 Air Canada Annual Report
70
Estimated Adjustments to the Consolidated Statement of Financial Position on Adoption of IFRS
Unaudited
As at January 1, 2010
(Canadian dollars in millions)
Canadian GAAP
January 1, 2010
Property & equipment
(IAS 16)
Leases
(IAS 17)
Pension benefits
(IAS 19)
Other employee future
benefits (IAS 19)
Fresh Start Reporting
(IFRS 1)
Provisions
(IAS 37)
Other
IFRS
January 1, 2010
ASSETS
Current assets $ 2,651 $ 2,651
Property and equipment 6,369 (89) 7 6,287
Intangible assets 916 (587) 329
Goodwill - 311 311
Deposits and other assets 470 77 547
$ 10,406 (89) - - (276) 84 - 10,125
LIABILITIES
Current liabilities $ 3,002 $ 3,002
Long-term debt and capital leases 4,054 259 4,313
Future income taxes 85 (40) 45
Pension and other benefit liabilities 1,163 3,034 (258) 3,939
Other long-term liabilities 455 (69) 459 845
8,759 259 (69) 3,034 (258) (40) 459 - 12,144
Non-controlling interest 201 (201) -
SHAREHOLDER’S EQUITY
Non-controlling interest (53) 201 148
Share capital 532 314 846
Contributed surplus 1,825 (1,773) 52
Deficit (727) (295) 69 (3,034) 258 (236) (375) 1,459 (2,881)
Accumulated other comprehensive loss (184) (184)
1,446 (348) 69 (3,034) 258 (236) (375) 201 (2,019)
$ 10,406 (89) - - - (276) 84 - $ 10,125
* The estimated adjustments to Shareholders’ Equity on adoption of IFRS are intended to highlight areas which the Corporation believes to be most significant. It should not be regarded as final.