Westjet 2008 Annual Report Download - page 63

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consolidated statement
of comprehensive income
For the years ended December 31
(Stated in thousands of Canadian dollars)
WestJet 2008 Annual Report 59
2008 2007
Net earnings $ 178, 135 $ 192,833
Other comprehensive income, net of taxes:
Amortization of hedge settlements to aircraft leasing 1,400 1,400
Net unrealized gain on foreign exchange derivatives under cash fl ow hedge accounting
(net of tax of ($3,097); 2007 – $nil) 7,224 88
Reclassifi cation of net realized (gains) losses on foreign exchange derivatives to net earnings
(net of tax of $1,357; 2007 – $nil) (3,197) 18
Net unrealized loss on fuel derivatives under cash fl ow hedge accounting
(net of tax of $13,086) (31,625) —
(26,198) 1,506
Total comprehensive income $ 151,937 $ 194,339
The accompanying notes are an integral part of the consolidated fi nancial statements.