Air Canada 2010 Annual Report Download - page 72
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2010 Air Canada Annual Report
72
Estimated Quarterly Adjustments to the Consolidated Statement of Operations on Adoption of IFRS (Tax adjustments are excluded)
Unaudited
(Canadian dollars in millions)
Q1 2010 Q2 2010 Q3 2010 Q4 2010 2010
CGAAP IFRS CGAAP IFRS CGAAP IFRS CGAAP IFRS CGAAP IFRS
Operating revenues
Passenger $ 2,095 $ 2,095 $ 2,314 $ 2,314 $ 2,722 $ 2,722 $ 2,296 $ 2,296 $ 9,427 $ 9,427
Cargo 104 104 115 115 123 123 124 124 466 466
Other 320 320 196 196 181 181 196 196 893 893
2,519 2,519 2,625 2,625 3,026 3,026 2,616 2,616 10,786 10,786
Operating expenses
Aircraft fuel 619 619 660 660 733 733 640 640 2,652 2,652
Wages, salaries and benefits 470 474 474 479 471 473 470 485 1,885 1,911
Airport and navigation fees 226 226 236 236 270 270 229 229 961 961
Capacity purchase with Jazz 226 226 230 230 247 247 231 231 934 934
Depreciation and amortization 176 196 172 193 166 185 165 227 679 801
Aircraft maintenance 200 179 146 150 158 141 173 179 677 649
Food, beverages and supplies 74 74 75 75 77 77 54 54 280 280
Communications and information technology 80 80 79 79 76 76 81 81 316 316
Aircraft rent 88 90 86 88 88 89 84 86 346 353
Commissions 60 60 62 62 72 72 65 65 259 259
Other 426 426 330 330 341 341 339 339 1,436 1,436
2,645 2,650 2,550 2,582 2,699 2,704 2,531 2,616 10,425 10,552
Operating income (loss) before under noted item (126) (131) 75 43 327 322 85 - 361 234
Provision adjustment for cargo investigations, net - - - - - - 46 46 46 46
Operating income (loss) (126) (131) 75 43 327 322 131 46 407 280
Non-operating income (expense)
Interest income 2 2 4 4 4 4 9 9 19 19
Interest expense (78) (83) (133) (138) (86) (90) (81) (86) (378) (397)
Interest capitalized - - - - - - 1 1 1 1
Gain (loss) on assets (1) - - (1) 2 1 (8) (1) (7) (1)
Gain (loss) on financial instruments recorded at
fair value 2 2 (18) (18) 5 5 8 8 (3) (3)
Other - (22) - (22) - (23) (20) (41) (20) (108)
(75) (101) (147) (175) (75) (103) (91) (110) (388) (489)
Income (loss) before the following items (201) (232) (72) (132) 252 219 40 (64) 19 (209)
Non-controlling interest (3) - (3) - (1) - (2) - (9) -
Foreign exchange gain (loss) 100 123 (156) (189) 90 115 111 133 145 182
Net income (loss) for the period before income taxes $ (104) $ (109) $ (231) $ (321) $ 341 $ 334 $ 149 $ 69 $ 155 $ (27)
*The estimated adjustments to Net Income on adoption of IFRS are intended to highlight areas which the Corporation believes to be most significant. It should not be regarded as final.