Air Canada 2012 Annual Report Download - page 85

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2012 Consolidated Financial Statements and Notes
85
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
December 31,
2012
December 31,
2011
(Canadian dollars in millions)
ASSETS
Current
Cash and cash equivalents Note 2P $ 758 $848
Short-term investments Note 2Q 1,268 1,251
Total cash, cash equivalents and short-term investments 2,026 2,099
Restricted cash Note 2R 96 76
Accounts receivable 550 712
Aircraft fuel inventory 84 92
Spare parts and supplies inventory Note 2S 66 93
Prepaid expenses and other current assets 232 255
Total current assets 3,054 3,327
Property and equipment Note 4 4,871 5,088
Intangible assets Note 5 314 312
Goodwill Note 6 311 311
Deposits and other assets Note 7 510 595
Total assets $ 9,060 $9,633
LIABILITIES
Current
Accounts payable and accrued liabilities $ 1,161 $1,175
Advance ticket sales 1,599 1,554
Current portion of long-term debt and finance leases Note 8 506 424
Total current liabilities 3,266 3,153
Long-term debt and finance leases Note 8 3,449 3,906
Pension and other benefit liabilities Note 9 4,689 5,563
Maintenance provisions Note 10 571 548
Other long-term liabilities Note 11 427 469
Total liabilities $ 12,402 $13,639
EQUITY
Shareholders' equity
Share capital Note 13 813 840
Contributed surplus 62 58
Deficit (4,281) (4,983)
Total shareholders' equity (3,406) (4,085)
Non-controlling interests 64 79
Total equity (3,342) (4,006)
Total liabilities and equity $ 9,060 $9,633
The accompanying notes are an integral part of the consolidated financial statements.
On behalf of the Board of Directors:
David I. Richardson Michael M. Green
Chairman Chair of the Audit, Finance and Risk Committee