Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question : Required Vertical analysis of balance sheet. (Canadian dollars in millions) December 31, 2022 December 31, 2021 Restated - Note 2P ASSETS Current Cash
Question : Required Vertical analysis of balance sheet.
(Canadian dollars in millions) | December 31, 2022 | December 31, 2021 Restated - Note 2P | |||
ASSETS | |||||
Current | |||||
Cash and cash equivalents | Note 2P | $ 2,693 | $ 4,415 | ||
Short-term investments | 5,295 | 4,554 | |||
Total cash, cash equivalents and short-term investments | 7,988 | 8,969 | |||
Accounts receivable | Note 20 | 1,037 | 691 | ||
Aircraft fuel inventory | 200 | 122 | |||
Spare parts and supplies inventory | Note 2Q | 118 | 102 | ||
Prepaid expenses and other current assets | Note 20 | 322 | 169 | ||
Total current assets | 9,665 | 10,053 | |||
Investments, deposits and other assets | Note 5 | 1,073 | 858 | ||
Property and equipment | Note 6 | 11,950 | 11,740 | ||
Pension assets | Note 10 | 2,444 | 3,571 | ||
Deferred income tax | Note 12 | 48 | 39 | ||
Intangible assets | Note 7 | 1,054 | 1,080 | ||
Goodwill | Note 8 | 3,273 | 3,273 | ||
Total assets | $ 29,507 | $ 30,614 | |||
LIABILITIES | |||||
Current | |||||
Accounts payable and accrued liabilities | $ 2,691 | $ 2,603 | |||
Advance ticket sales | Note 20 | 4,104 | 2,326 | ||
Aeroplan and other deferred revenue | Note 20 | 1,295 | 983 | ||
Current portion of long-term debt and lease liabilities | Note 9 | 1,263 | 1,012 | ||
Total current liabilities | 9,353 | 6,924 | |||
Long-term debt and lease liabilities | Note 9 | 15,043 | 15,511 | ||
Aeroplan and other deferred revenue | Note 20 | 3,160 | 3,656 | ||
Pension and other benefit liabilities | Note 10 | 1,770 | 2,588 | ||
Maintenance provisions | Note 11 | 1,352 | 1,032 | ||
Other long-term liabilities | 311 | 821 | |||
Deferred income tax | Note 12 | 73 | 73 | ||
Total liabilities | $ 31,062 | $ 30,605 | |||
SHAREHOLDERS EQUITY (DEFICIENCY) | |||||
Share capital | Note 13 | 2,743 | 2,735 | ||
Contributed surplus | 118 | 104 | |||
Accumulated other comprehensive loss | (46) | (45) | |||
Deficit | (4,370) | (2,785) | |||
Total shareholders' equity (deficiency) | (1,555) | 9 | |||
Total liabilities and shareholders equity (deficiency) | $ 29,507 | $ 30,614 | |||
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started