Westjet 2010 Annual Report Download - page 96
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94 WestJet 2010 Annual Report
14. Additional fi nancial information (continued)
(c) Accumulated other comprehensive loss
NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS
For the years ended December 31, 2010 and 2009
(Stated in thousands of Canadian dollars,
except share and per share amounts)
Amortization of
hedge settlements
Cash fl ow hedges –
foreign exchange
derivatives
Cash fl ow hedges –
fuel derivatives Total
Balance as at January 1, 2009 $ (10,620) $ 4,133 $ (31,625) $ (38,112)
Amortization of hedge settlements 1,400 — — 1,400
Unrealized gain (loss) on derivatives — (1,358) 9,587 8,229
Tax on unrealized portion — 447 (2,878) (2,431)
Realized (gain) loss on derivatives — (5,553) 28,411 22,858
Tax on realized portion — 1,576 (8,372) (6,796)
Balance as at December 31, 2009 (9,220) (755) (4,877) (14,852)
Amortization of hedge settlements 1,400 — — 1,400
Unrealized loss on derivatives — (4,684) (2,448) (7,132)
Tax on unrealized portion — 1,224 670 1,894
Realized loss on derivatives — 2,143 9,172 11,315
Tax on realized portion — (586) (2,509) (3,095)
Balance as at December 31, 2010 $ (7,820) $ (2,658) $ 8 $ (10,470)