Air Canada 2010 Annual Report Download - page 90

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2010 Air Canada Annual Report
90
CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY
For the year ended December 31
(Canadian dollars in millions)2010 2009
Share Capital
Common shares, beginning of year $ 532 $ 274
Shares issued Notes 8 & 11 2 258
Total share capital 534 532
Contributed surplus
Balance, beginning of year 1,825 1,797
Fair value of stock options issued to Corporation employees
recognized as compensation expense Note 10
1
2
Warrants issued under the credit facility Note 6 - 7
Warrants issued under the public offering Note 11 - 19
Total contributed surplus 1,826 1,825
Deficit
Balance, beginning of year (727) (703)
Net income (loss) for the year 107 (24)
Deficit (620) (727)
Accumulated other comprehensive income (loss)
Balance, beginning of year (184) (606)
Other comprehensive income 184 422
Total accumulated other comprehensive loss - (184)
Total deficit and accumulated other comprehensive loss (620) (911)
Total shareholders’ equity $ 1,740 $ 1,446
The accompanying notes are an integral part of the consolidated financial statements.
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
For the year ended December 31
(Canadian dollars in millions)
2010 2009
Comprehensive income (loss)
Net income (loss) for the year $ 107 $ (24)
Other comprehensive income (loss), net of taxes:
Net losses on fuel derivatives
under hedge accounting, net of taxes Note 15 - (1)
Reclassification of net realized losses on
fuel derivatives to income, net of taxes Note 15 184 423
184 422
Total comprehensive income $ 291 $ 398
The accompanying notes are an integral part of the consolidated financial statements.