Westjet 2014 Annual Report Download - page 72

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Notes to Consolidated Financial Statements
As at and for the years ended December 31, 2014 and 2013
(Stated in thousands of Canadian dollars, except percentage, ratio, share and per share amounts)
WestJet Annual Report 2014 │ 70
4. Employee counts and compensation
The Corporation employed 8,698 full-time equivalent employees at December 31, 2014 (2013 – 8,000). The following table
reconciles the Corporation’s compensation expense items to where the amounts are presented on the consolidated statement of
earnings:
Note 2014 2013
Salaries and benefits
(i)
626,373 582,225
Employee share purchase plan(i) 12 79,942 73,010
Employee profit share 68,787 51,577
Share-based payment expense
(i)
12 18,626 14,533
793,728 721,345
Airport operations 109,754 97,986
Flight operations and navigational charges
254,018
218,483
Sales and distribution 70,992 65,452
Marketing, general and administration 95,301 95,156
Inflight 133,183 137,990
Maintenance 61,693 54,701
Employee profit share
68,787
51,577
793,728 721,345
(i) Classified in the consolidated statement of earnings based on the related nature of the service performed.
5. Cash and cash equivalents
December 31, 2014
December 31, 2013
Bank balances
(i)
400,808 394,984
Short-term investments
(i)
957,263 861,021
1,358,071 1,256,005
(i) Included in these balances, at December 31, 2014, the Corporation has US-dollar cash and cash equivalents totaling US $124,394 (2013 – US
$106,749), GBP-dollar cash and cash equivalents totaling GBP 58 (2013 - GBP nil), and EUR-dollar cash and cash equivalents totaling EUR 309 (2013 –
EUR nil).
6. Restricted cash
December 31, 2014
December 31, 2013
Cash held in trust for WestJet Vacations Inc. 47,811 48,530
Security on facilities for letters of guarantee 9,515 8,322
Passenger facility charges 823 1,254
58,149 58,106