Westjet 1999 Annual Report Download - page 17
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Balance Sheets
December 31, 1999 and 1998 (Stated in Thousands of Dollars)
1999 1998
Assets
Current assets:
Cash and short-term investments $ 50,740 $ 13,500
Accounts receivable 5,168 5,240
Prepaid expenses and deposits 4,123 3,479
Inventory 462 500
60,493 22,719
Capital assets (note 2) 121,974 85,523
Other long-term assets (note 3) 4,131 -
$ 186,598 $ 108,242
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable and accrued liabilities $ 21,059 $ 14,663
Income taxes payable 7,410 -
Advance ticket sales 10,907 7,218
Non-refundable passenger credits 3,863 2,940
Current portion of long-term debt (note 4) 6,550 4,051
Current portion of obligations under capital lease (note 5) 137 78
49,926 28,950
Long-term debt (note 4) 29,341 21,861
Obligations under capital lease (note 5) 335 322
Deferred income tax 12,509 7,748
92,111 58,881
Shareholders’ equity:
Share capital (note 6) 69,039 39,536
Obligation to issue share capital (note 6) - 209
Retained earnings 25,448 9,616
94,487 49,361
Commitments (notes 5 and 8)
Subsequent events (note 11)
$ 186,598 $ 108,242
See accompanying notes to financial statements.
On behalf of the Board:
Stephen Smith Wilmot Matthews
Director Director
Signed Signed