Air Canada 2014 Annual Report Download - page 88
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88 2014 Annual Report
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
CANADIAN DOLLARS IN MILLIONS DECEMBER 31, 2014 DECEMBER 31, 2013
ASSETS
CURRENT
Cash and cash equivalents Note 2P $ 661 $ 750
Short-term investments Note 2Q 1,614 1,458
Total cash, cash equivalents and short-term investments 2,275 2,208
Restricted cash Note 2R 89 92
Accounts receivable 656 589
Aircraft fuel inventory 72 71
Spare parts and supplies inventory Note 2S 91 65
Prepaid expenses and other current assets 295 263
Total current assets 3,478 3,288
Property and equipment Note 4 5,998 5,073
Intangible assets Note 5 305 304
Goodwill Note 6 311 311
Deposits and other assets Note 7 556 494
TOTAL ASSETS $ 10,648 $ 9,470
LIABILITIES
CURRENT
Accounts payable and accrued liabilities $ 1,259 $ 1,129
Advance ticket sales 1,794 1,687
Current portion of long-term debt and finance leases Note 8 484 374
Total current liabilities 3,537 3,190
Long-term debt and finance leases Note 8 4,732 3,959
Pension and other benefit liabilities Note 9 2,403 2,687
Maintenance provisions Note 10 796 656
Other long-term liabilities Note 11 313 375
TOTAL LIABILITIES $ 11,781 $ 10,867
EQUITY
SHAREHOLDERS’ EQUITY
Share capital Note 13 835 827
Contributed surplus 77 80
Deficit (2,113) (2,367)
Total shareholders’ equity (1,201) (1,460)
NON-CONTROLLING INTERESTS 68 63
TOTAL EQUITY (1,133) (1,397)
TOTAL LIABILITIES AND EQUITY $ 10,648 $ 9,470
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