Westjet 2015 Annual Report Download - page 80

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Notes to Consolidated Financial Statements
As at and for the years ended December 31, 2015 and 2014
(Stated in thousands of Canadian dollars, except percentage, ratio, share and per share amounts)
WestJet Annual Report 2015 | 78
4. Cash and cash equivalents
December 31
2015
December 31
2014
Bank balances(i)
340,504
400,808
Short-term investments(i)
843,293
957,263
1,183,797
1,358,071
(i) Included in these balances, at December 31, 2015, the Corporation has US-dollar cash and cash equivalents totaling US $170,216 (December 31, 2014
– US $124,394).
5. Restricted cash
December 31
2015
December 31
2014
Cash held in trust for WestJet Vacations Inc.
53,572
47,811
Security on facilities for letters of guarantee
13,366
9,515
Passenger facility charges
1,635
823
68,573
58,149
6. Property and equipment
January 1
2015
Net
Additions
Depreciation
Transfers
December 31
2015
Aircraft(i)
1,933,286
190,963
(216,287)
834,012
2,741,974
Ground property and equipment
60,152
20,283
(15,186)
6,927
72,176
Spare engines and rotables
144,035
38,421
(15,221)
211
167,446
Deposits on aircraft
509,684
554,482
-
(745,147)
319,019
Buildings
109,434
89
(3,511)
352
106,364
Leasehold improvements
10,460
2,378
(2,423)
(41)
10,374
Assets under development
26,143
126,080
-
(96,314)
55,909
2,793,194
932,696
(252,628)
-
3,473,262
January 1
2014
Net
additions
Depreciation
Transfers
December 31
2014
Aircraft(i)
1,747,319
122,609
(184,123)
247,481
1,933,286
Ground property and equipment
62,547
10,817
(13,901)
689
60,152
Spare engines and rotables
130,202
13,449
(12,630)
13,014
144,035
Deposits on aircraft
418,348
329,358
-
(238,022)
509,684
Buildings
112,450
428
(3,444)
-
109,434
Leasehold improvements
11,371
488
(2,082)
683
10,460
Assets under development
5,497
44,491
-
(23,845)
26,143
2,487,734
521,640
(216,180)
-
2,793,194
(i) Aircraft includes (a) aircraft (b) engine, airframe and landing gear core components (c) engine, airframe and landing gear overhaul components, and (d)
inflight entertainment systems. For the year ended December 31, 2015, total aircraft depreciation expense for overhaul components was $93,343
(December 31, 2014 – $63,892).