Westjet 2013 Annual Report Download - page 80

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WestJet Annual Report 2013 80
Notes to Consolidated Financial Statements
As at and for the years ended December 31, 2013 and 2012
(Stated in thousands of Canadian dollars, except percentage, ratio, share and per share amounts)
4. Employee counts and compensation
The Corporation employed 8,000 full-time equivalent employees at December 31, 2013 (2012 – 742). The following table
reconciles the Corporation’s compensation expense items to where the amounts are presented on the consolidated statement of
earnings:
Note 2013 2012
Salaries and benefits
(i)
582,225 538,917
Employee share purchase plan(i) 12 73,010 65,439
Employee profit share 51,577 46,585
Share-based payment expense
(i)
12 14,533 12,815
721,345 663,756
Airport operations 96,922 91,267
Flight operations and navigational charges 219,547 200,883
Sales and distribution
65,452 61,347
Marketing, general and administration 95,156 86,210
Inflight 137,990 126,738
Maintenance 54,701 50,726
Employee profit share 51,577 46,585
721,345 663,756
(i) Classified in the consolidated statement of earnings based on the related nature of the service performed.
5. Cash and cash equivalents
December 31, 2013
December 31, 2012
Bank balances
(i)
394,984 
Short-term investments
(i)
861,021 
1,256,005 
(i) Included in these balances, at December 31, 2013, the Corporation has US-dollar cash and cash equivalents totaling US $106,749 (2012 – US $84,752).
6. Restricted cash
December 31, 2013 December 31, 2012
Cash held in trust for WestJet Vacations Inc.
48,530 
Security on facilities for letters of guarantee 8,322 
Passenger facility charges
1,254 7
58,106 3
85 9 6
7 0 3)
4 1 73
46 0 6
22 0 2
5 5)
3 1 12
5 0 5
0 6 84
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