Westjet 2007 Annual Report Download - page 45

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On behalf of the Board:
Sean Durfy, Director Wilmot Matthews, Director
WESTJET ANNUAL REPORT 2007 PAGE 43
2007 2006
Assets
Current assets:
Cash and cash equivalents (note 10) $ 653,558 $ 377,517
Accounts receivable 15,009 12,645
Income taxes recoverable — 13,820
Assets held for sale (note 3) — 13,157
Prepaid expenses, deposits and other 39,019 30,727
Inventory 10,202 8,200
717,788 456,066
Property and equipment (note 3) 2,213,063 2,158,746
Other assets (note 4) 53,371 111,715
$ 2,984,222 $ 2,726,527
Liabilities and shareholders’ equity
Current liabilities:
Accounts payable and accrued liabilities $ 168,171 $ 121,157
Advance ticket sales 194,929 148,743
Non-refundable guest credits 54,139 40,508
Current portion of long-term debt (note 5) 172,992 153,720
Current portion of obligations under capital lease (note 6) 375 356
590,606 464,484
Long-term debt (note 5) 1,256,526 1,291,136
Obligations under capital lease (note 6) 1,108 1,483
Other liabilities (note 7) 11,337 14,114
Future income tax (note 8) 174,737 149,283
2,034,314 1,920,500
Shareholders’ equity:
Share capital (note 9(b)) 448,568 431,248
Contributed surplus 57,889 58,656
Accumulated other comprehensive loss (11,914) —
Retained earnings 455,365 316,123
443,451 316,123
949,908 806,027
Commitments and contingencies (note 11)
$ 2,984,222 $ 2,726,527
The accompanying notes are an integral part of the consolidated fi nancial statements.
CONSOLIDATED BALANCE SHEET
WestJet Airlines Ltd.
As at December 31
(Stated in thousands of Canadian dollars)