Air Canada 2011 Annual Report Download - page 79

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2011 Consolidated Financial Statements and Notes
79
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS)
For the year ended December 31 2011 2010
(Canadian dollars in millions)
Comprehensive income (loss)
Net loss $ (249) $(24)
Other comprehensive income, net of taxes:
Net gain (loss) on employee benefit liabilities Note 10 (2,394) 580
Reclassification of net realized losses on fuel derivatives to income Note 18 – 184
(2,394) 764
Total comprehensive income (loss) $ (2,643) $740
Comprehensive income (loss) attributable to:
Shareholders of Air Canada $ (2,649) $731
Non-controlling interests 6 9
$ (2,643) $ 740
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Share
capital
Contributed
surplus Deficit
Accumulated
other
comprehensive
income (loss)
Total
shareholders'
equity
Non-
controlling
interests
Total equity
January 1, 2010 $ 844 $ 53 $ (2,881) $ (184) $ (2,168) $ 148 $ (2,020)
Net income (loss) – – (33) – (33) 9 (24)
Net gain on employee benefit
liabilities – – 580 – 580 – 580
Other comprehensive income – – – 184 184 – 184
Total comprehensive income – – 547 184 731 9 740
Share-based compensation – 1 – – 1 – 1
Ordinary shares issued 2 – – – 2 – 2
Distributions – – – – – (11) (11)
December 31, 2010 $ 846 $ 54 $ (2,334) $ – $ (1,434) $ 146 $ (1,288)
Net income (loss) – – (255) – (255) 6 (249)
Net loss on employee benefit
liabilities – – (2,394) – (2,394) – (2,394)
Total comprehensive income – – (2,649) – (2,649) 6 (2,643)
Share-based compensation – 4 – – 4 – 4
Shares purchased in trust for
employee recognition award (11) – – – (11) – (11)
Shares issued for employee
recognition award 5 – – – 5 – 5
Distributions – – – – – (73) (73)
December 31, 2011 $ 840 $ 58 $ (4,983) $ – $ (4,085) $ 79 $ (4,006)
The accompanying notes are an integral part of the consolidated financial statements.