What is the net credit sales of Air Canada in 2020 given their annual report?

Consolidated Statements of Financial Position DECEMBER 31, 2020 DECEMBER 31, 2019 (Canadian dollars in millions $ 3,658 3,843 7,501 106 644 41 125 254 8,671 833 12,137 2.840 25 1,134 3,273 $ 28,913 $ 2,090 3,799 5,889 157 926 102 110 332 7,516 936 12,834 2,064 134 1,002 3,273 $ 27,759 ASSETS Current Cash and cash equivalents Short-term investments Total cash, cash equivalents and short-term investments Restricted cash Note 2P Accounts receivable Note 20 Aircraft fuel inventory Spare parts and supplies inventory Note 20 Prepaid expenses and other current assets Note 20 Total current assets Investments, deposits and other assets Note 5 Property and equipment Note 6 Pension assets Note 10 Deferred income tax Note 12 Intangible assets Note 7 Goodwill Note 8 Total assets LIABILITIES Current Accounts payable and accrued liabilities Advance ticket sales Note 20 Aeroplan and other deferred revenue Note 20 Current portion of long-term debt and lease liabilities Note 9 Total current liabilities Long-term debt and lease liabilities Note 9 Aeroplan and other deferred revenue Note 20 Pension and other benefit liabilities Note 10 Maintenance provisions Note 11 Other long-term liabilities Deferred income tax Note 12 Total liabilities SHAREHOLDERS' EQUITY Share capital Note 13 Contributed surplus Accumulated other comprehensive income (loss) Retained earnings (deficit) Total shareholders' equity Total liabilities and shareholders' equity The accompanying notes are an integral part of the consolidated financial statements. $ 2,465 2.314 572 1,788 7,139 11,201 4.032 3,015 1,040 696 75 $ 27,198 $ 2,456 2,939 1,162 1,218 7.775 8,024 3,136 2,930 1,240 181 73 $ 23,359 2,150 98 (39) (494) 1,715 $ 28,913 785 83 25 3,507 4,400 $ 27,759 Consolidated Statements of Operations 2020 2019 Note 20 Note 20 $ 4,382 920 531 5,833 $ 17,232 717 1,182 19,131 For the year ended December 31 (Canadian dollars in millions except per stare figures) OPERATING REVENUES Passenger Cargo Other Total revenues OPERATING EXPENSES Aircraft fuel Wages, salaries and benefits Regional airlines expense, excluding fuel Depreciation and amortization Aircraft maintenance Airport and navigation fees Sales and distribution costs Ground package costs Catering and onboard services Communications and information technology Special items Other Total operating expenses Operating income (loss) Note 21 Note 6 Note 3 1.322 2,242 1,086 1,849 681 545 252 250 171 372 (116) 955 9,609 (3,776) 4.347 3,184 1,956 1.986 1,004 990 874 627 445 397 Note 4 1,671 17,481 1,650 (293) 499 164 Note 9 132 (656) (515) 35 (39) 23 Note 10 Note 17 Note 22 NON-OPERATING INCOME (EXPENSE) Foreign exchange gain (loss) Interest income Interest expense Interest capitalized Net financing expense relating to employee benefits Gain (loss) on financial instruments recorded at fairvalue Cain on sale and leaseback of assets Other Total non-operating income (expense) Income (loss) before income taxes Income tax recovery (expense) Net income (loss) Net income (loss) per share Basic earnings (loss) per share Diluted earnings (loss) per share 25 (27) (242) 18 (34) (1,077) (4,853) 206 $ (4,647) (42) 125 1,775 (299) 1,476 Note 12 $ Note 15 $ (16.47) $ (16.47) S $ 5.51 5.44 The accompanying notes are an integral part of the consolidated financial statements 20. Revenue Disaggregation ofrevenue The Corporation disaggregates revenue from contracts with customers according to the nature of the air transportation services. The nature of services is presented as passenger cargo and other revenue on its consolidated statement of operations. The Corporation further disaggregates passenger and cargo air transportation service revenue according to geographic market segments. A reconciliation of the total amounts reported by geographic region for Passenger revenues and Cargo revenues on the consolidated statement of operations is as follows: (Canadian dollars in millions 2020 2019 PASSENGER REVENUES Canada U.S. Transborder Atlantic Pacific Other $ 1,640 840 909 468 525 $ 4,382 $ 5,233 3,795 4,468 2,449 1,287 $ 17,232 (Canadian dollars in millions) 2020 2019 $ 113 48 CARGO REVENUES Canada U.S. Transborder Atlantic Pacific Other 258 $ 90 35 387 354 54 $ 920 241 57 717 $ Passenger and cargo revenues are based on the actual flown revenue for flights with an origin and destination in a specific country or region. Atlantic refers to flights that cross the Atlantic Ocean with origins and destinations principally in Europe, India, the Middle East and North Africa. Pacific refers to flights that cross the Pacific Ocean with origins and destinations principally in Asia and Australia. Other passenger and cargo revenues refer to flights with origins and destinations principally in Central and South America and the Caribbean and Mexico Other operating revenues are principally derived from customers located in Canada and consist primarily of revenues from the sale of the ground portion of vacation packages, redemption of Aeroplan points for non-air goods and services, buy on board and related passenger ancillary services and charges, and other airline-related services. Contract balances The following table provides information about receivables, contract assets, and contract liabilities from contracts with customers. (Canadian dollars in millions DECEMBER 31, 2020 DECEMBER 31, 2019 Receivables, which are included in Accounts receivable $ 332 $ 578 Contract costs which are included in Prepaid expenses and other current assets Contract liabilities - Advance ticket sales Contract liabilities - Aeroplan deferred revenue (current and long-term) 3,256 2,825 Contract liabilities - Other deferred revenue (current and long-term) 1.473 68 2,314 124 2.939 1.348 Receivables include passenger cargo and other receivables from contracts with customers. The Corporation sells passenger ticket and related ancillary services via cash, credit card or other card-based forms of payment with payment generally collected in advance of the performance of related transportation services. Passenger ticket and ancillary receivables are amounts due from other airlines for interline travel, travel agency payment processing intermediaries or credit card processors associated with sales for future travel and are included in Accounts receivable on the consolidated statement of financial position. Aeroplan points are sold to program partners based on member accumulations and which billings are generally settled monthly. Cargo and other accounts receivable relate to amounts owing from customers, including from freight forwarders and interline partners for cargo and other services provided. Contract costs include payment card fees, commissions and global distribution system charges on passenger tickets. These costs are capitalized at time of sale and expensed at the time of passenger revenue recognition. Airline passenger and cargo sales transactions rely on multiple information technology systems and controls to process, record, and recognize a high volume of low value transactions, including through a combination of internal information technology systems, outsourced service providers, industry clearing houses, global distribution systems, and other partner airlines. Passenger sales and the ground portion of vacation packages are deferred and included in Current liabilities. A portion of the passenger sale related to the equivalent ticket value of any Aeroplan points issued is separated and deferred in Aeroplan deferred revenue. The Advance ticket sales liability is recognized in revenue when the related flight occurs or over the period of the vacation. Depending on the fare class, passengers may exchange their tickets up to the time of the flight or obtain a refund, generally in exchange for the payment of a fee. The Corporation performs regular evaluations on the advance ticket sales liability. The practical expedient in IFRS 15 allows entities not to disclose the amount of the remaining transaction prices and its expected timing of recognition for performance obligations if the contract has an original expected duration of one year or less. The Corporation elects to use this practical expedient for the passenger travel performance obligation as passenger tickets expire within a year if unused. In response to the COVID-19 pandemic Air Canada offered customers the option of converting their existing booking into a travel voucher with no expiry date should their travel plans change. Customers have the ability to use the travel vouchers within the next 12 months and the Corporation does not have an unconditional right to defer settlement beyond the next 12 months. As such, the entire liability amount related to these vouchers has been recorded in current liabilities even though some could be used after the next 12 months. A reconciliation of the Aeroplan deferred revenue is as follows. Canadian dollars in millions Fair value as at January 10, 2019 acquisition 2,779 Proceeds from Aeroplan points issued to program partners 953 Equivalent ticket value of Aeroplan points issued 201 Aeroplan points redeemed (1.108) Aeroplan deferred revenue, December 31, 2019 $ 2,825 Proceeds from Aeroplan points issued to program partners 687 Equivalent ticket value of Aeroplan points issued 63 Aeroplan points redeemed (319) Aeroplan deferred revenue, December 31, 2020 $ 3,256 $ Proceeds from points issued to Aeroplan program partners and the equivalent ticket value of points issued through travel are deferred until the points are redeemed and the reward is provided to the member. The Corporation expects the majority of the points outstanding will be redeemed within three years. In connection with new commercial agreements signed in 2019, Air Canada received payments from TD Bank, CIBC, Visa, and AMEX in the aggregate amount of $1,212 million. Additionally, TD Bank and CIBC made payments to the Corporation in the aggregate amount of $400 million as prepayments to be applied towards future monthly payments in respect of Aeroplan points. These considerations are accounted for as a contract liability within Aeroplan and other deferred revenue