Air Canada 2013 Annual Report Download - page 132

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2013 Air Canada Annual Report
132
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, 2013.
2014 2015 2016 2017 2018 Thereafter Total
Long-term debt obligations $ 541 $ 805 $ 489 $ 606 $ 446 $ 2,268 $ 5,155
Finance lease obligations 92 84 45 43 43 159 466
Accounts payable and accrued
liabilities 1,129 – – – – – 1,129
$ 1,762 $ 889 $ 534 $ 649 $ 489 $ 2,427 $ 6,750
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 2014 is $218. 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 2013, the Corporation purchased $242 of Aeroplan Miles®
from Aeroplan.