Westjet 2015 Annual Report Download - page 68

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WestJet Annual Report 2015 | 66
Consolidated Statement of Changes in Equity
For the years ended December 31
(Stated in thousands of Canadian dollars)
Note
2015
2014
Share capital:
Balance, beginning of period
11
603,287
603,861
Issuance of shares pursuant to compensation plans
11
1,833
6,177
Shares repurchased
11
(22,324)
(6,751)
582,796
603,287
Equity reserves:
Balance, beginning of period
75,094
69,079
Share-based payment expense
11
17,254
18,626
Issuance of shares pursuant to compensation plans
(9,635)
(12,611)
82,713
75,094
Hedge reserves:
Balance, beginning of period
(3,179)
105
Other comprehensive income
5,082
(3,284)
1,903
(3,179)
Retained earnings:
Balance, beginning of period
1,102,300
916,795
Dividends declared
12
(69,711)
(61,313)
Shares repurchased
11
(101,489)
(32,680)
Purchase of shares pursuant to compensation plans
(6,049)
(4,459)
Net earnings
367,530
283,957
1,292,581
1,102,300
Total shareholders’ equity
1,959,993
1,777,502
The accompanying notes are an integral part of the consolidated financial statements.