Air Canada 2014 Annual Report Download - page 132

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132 2014 Annual Report
The following table presents the recognized financial instruments that are offset, or subject to enforceable
master netting arrangements or other similar arrangements but not offset, as at December 31, 2014 and
2013, and shows in the Net column what the net impact would be on the consolidated statement of financial
position if all set-off rights were exercised.
AMOUNTS OFFSET
AMOUNTS
NOT OFFSET
NET
FINANCIAL ASSETS GROSS ASSETS
GROSS
LIABILITIES
OFFSET
NET
AMOUNTS
PRESENTED
FINANCIAL
INSTRUMENTS
DECEMBER 31, 2014
Derivative assets $ 138 $ (11) $ 127 $ - $ 127
Accounts receivable 137 (49) 88 $ (38) 50
$ 275 $ (60) $ 215 $ (38) $ 177
DECEMBER 31, 2013
Derivative assets $ 99 $ - $ 99 $ - $ 99
Accounts receivable 96 (48) 48 $ (36) 12
$ 195 $ (48) $ 147 $ (36) $ 111
AMOUNTS OFFSET
AMOUNTS
NOT OFFSET
NET
FINANCIAL LIABILITIES
GROSS
LIABILITIES
GROSS ASSETS
OFFSET
NET
AMOUNTS
PRESENTED
FINANCIAL
INSTRUMENTS
DECEMBER 31, 2014
Derivative liabilities $ 11 $ (11) $ - $ - $ -
Accounts payable 113 (49) 64 (38) 26
124 (60) 64 (38) 26
DECEMBER 31, 2013
Accounts payable $ 118 $ (48) $ 70 $ (36) $ 34