Air Canada 2011 Annual Report Download - page 120
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2011 Air Canada Annual Report
120
The following is a maturity analysis, based on contractual undiscounted cash flows, for financial liabilities. The analysis
includes both the principal and interest component of the payment obligations on long-term debt and is based on interest
rates and the applicable foreign exchange rate effective as at December 31, 2011 and does not include the impact of the
future financing amounts available under the facility as described in Note 9. If drawn upon, the remaining amounts available
will reduce the net cash flows by the amount of the related debt maturities refinanced in 2012 of $43, offset by the principal
and interest repayments under the loan facility.
2012 2013 2014 2015 2016 Thereafter Total
Long-term debt obligations $ 598 $ 761 $ 454 $ 1,403 $ 506 $ 1,198 $ 4,920
Finance lease obligations 98 95 85 74 43 239 634
Accounts payable and accrued
liabilities 1,175 – – – – – 1,175
$ 1,871 $ 856 $ 539 $ 1,477 $ 549 $ 1,437 $ 6,729
Minimum Committed Purchase of Aeroplan Miles
The CPSA between the Corporation and Aeroplan outlines a requirement for the Corporation to purchase a minimum number
of Aeroplan Miles® from Aeroplan. The estimated minimum requirement for 2012 is $222. The annual commitment is based
on 85% of the average total Aeroplan Miles® actually issued in respect of Air Canada flights or Air Canada airline affiliate
products and services in the three preceding calendar years. During 2011, the Corporation purchased $270 of Aeroplan Miles®
from Aeroplan.