Westjet 2012 Annual Report Download - page 64

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Consolidated Statement of Changes in Equity
For the years ended December 31
(Stated in thousands of Canadian dollars)
Note
2012
2011
Share capital:
12
Balance, beginning of year
630,408
Issuance of shares pursuant to compensation plans
16,251
5,129
Shares repurchased
(31,760)
614,899
Equity reserves:
Balance, beginning of year
74,184
Share-based payment expense
12
12,815
Issuance of shares pursuant to compensation plans
(17,143)
69,856
Hedge reserves:
Balance, beginning of year
(3,353)
Other comprehensive income
(2,393)
(5,746)
Retained earnings:
Balance, beginning of year
668,978
Dividends declared
13
(37,549)
Shares repurchased
12
(80,305)
Purchase of shares pursuant to compensation plans
(220)
Net earnings
242,392
793,296
Total shareholders’ equity
1,472,305
1,370,217
The accompanying notes are an integral part of the consolidated financial statements.
WestJet 2012 Annual Report
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