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62 WestJet 2010 Annual Report
CONSOLIDATED
BALANCE SHEET
As at December 31
(Stated in thousands of Canadian dollars)
2010 2009
Assets
Current assets:
Cash and cash equivalents (note 4) $ 1,187,899 $ 1,005,181
Accounts receivable 17,518 27,654
Prepaid expenses, deposits and other (note 14) 41,716 56,239
Inventory 20,181 26,048
Future income tax (note 9) 1,396 2,560
1,268,710 1,117,682
Property and equipment (note 5) 2,226,685 2,307,566
Intangible assets (note 6) 13,018 14,087
Other assets (note 14) 54,431 54,367
$ 3,562,844 $ 3,493,702
Liabilities and shareholdersā€™ equity
Current liabilities:
Accounts payable and accrued liabilities $ 303,583 $ 231,401
Advance ticket sales 308,022 286,361
Non-refundable guest credits 36,778 64,506
Current portion of long-term debt (note 7) 183,681 171,223
Current portion of obligations under capital leases (note 8) 108 744
832,172 754,235
Long-term debt (note 7) 863,496 1,048,554
Obligations under capital leases (note 8) 3,249 3,358
Other liabilities (note 14) 18,838 19,628
Future income tax (note 9) 337,410 278,999
2,055,165 2,104,774
Shareholdersā€™ equity:
Share capital
(note 10) 647,637 633,075
Contributed surplus 62,534 71,503
Accumulated other comprehensive loss (note 14) (10,470) (14,852)
Retained earnings 807,978 699,202
1,507,679 1,388,928
Commitments and contingencies (note 12)
$ 3,562,844 $ 3,493,702
The accompanying notes are an integral part of the consolidated ļ¬ nancial statements.
On behalf of the Board:
Gregg Saretsky, Director Hugh Bolton, Director
On
behalf
of
the
Board:
Gre
Saretsky Di
rec
tor