Westjet 2013 Annual Report Download - page 68

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WestJet Annual Report 2013 68
Consolidated Statement of Changes in Equity
For the years ended December 31
(Stated in thousands of Canadian dollars)
Note 2013 2012
Share capital:
Balance, beginning of year 614,899 630,408
Issuance of shares pursuant to compensation plans 11,027 16,251
Shares repurchased (22,065) (31,760)
12 603,861 614,899
Equity reserves:
Balance, beginning of year 69,856 74,184
Share-based payment expense 12 14,533 12,815
Issuance of shares pursuant to compensation plans (15,310) (17,143)
69,079 69,856
Hedge reserves:
Balance, beginning of year (5,746) (3,353)
Other comprehensive income 5,851 (2,393)
105 (5,746)
Retained earnings:
Balance, beginning of year
793,296
668,978
Dividends declared 13
(52,188)
(37,549)
Shares repurchased 12 (90,297) (80,305)
Purchase of shares pursuant to compensation plans (2,738) (220)
Net earnings 268,722 242,392
916,795 793,296
Total shareholders’ equity
1,589,840
1,472,305
The accompanying notes are an integral part of the consolidated financial statements.
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