Air Canada 2013 Annual Report Download - page 86

Download and view the complete annual report

Please find page 86 of the 2013 Air Canada annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 148

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148

2013 Air Canada Annual Report
86
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
December 31,
2013
December 31,
2012
January 1,
2012
(Canadian dollars in millions)
ASSETS
Current
Cash and cash equivalents Note 2P $750 $754 $ 777
Short-term investments Note 2Q 1,458 1,219 1,251
Total cash, cash equivalents and short-term investments 2,208 1,973 2,028
Restricted cash Note 2R 92 96 76
Accounts receivable 589 550 712
Aircraft fuel inventory 71 84 92
Spare parts and supplies inventory Note 2S 65 66 93
Prepaid expenses and other current assets 263 232 255
Total current assets 3,288 3,001 3,256
Property and equipment Note 4 5,073 4,711 4,938
Intangible assets Note 5 304 314 312
Goodwill Note 6 311 311 311
Deposits and other assets Note 7 494 510 595
Total assets $ 9,470 $8,847 $ 9,412
LIABILITIES
Current
Accounts payable and accrued liabilities $ 1,129 $1,161 $ 1,175
Advance ticket sales 1,687 1,599 1,554
Current portion of long-term debt and finance leases Note 8 374 499 419
Total current liabilities 3,190 3,259 3,148
Long-term debt and finance leases Note 8 3,959 3,259 3,707
Pension and other benefit liabilities Note 9 2,687 4,686 5,563
Maintenance provisions Note 10 656 571 548
Other long-term liabilities Note 11 375 419 463
Total liabilities $ 10,867 $12,194 $ 13,429
EQUITY
Shareholders' equity
Share capital Note 13 827 813 840
Contributed surplus 80 62 58
Deficit (2,367) (4,281) (4,989)
Total shareholders' equity (1,460) (3,406) (4,091)
Non-controlling interests 63 59 74
Total equity (1,397) (3,347) (4,017)
Total liabilities and equity $ 9,470 $8,847 $ 9,412
The accompanying notes are an integral part of the consolidated financial statements.
On behalf of the Board of Directors:
David I. Richardson Christie J.B. Clark
Chairman Chair of the Audit, Finance and Risk Committee