Table 4
Balance sheet, 2011 and 2012

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Balance sheet, 2011 and 2012
Table summary
This table provides balance sheet information for 2011 and 2012. There are nine columns in this table. The first three reflect data on Levels I and II air carriers; the next three on Level III air carriers; and the final three on the total of Levels I to III air carriers. The table shows details on assets, liabilities, and shareholders equity, which appear as rows, expressed in thousands of dollars (except for the number of carriers included which are expressed in full) for both time periods, which appear as column headers. Finally, the percentage change from 2011 to 2012 for each data category is shown in the final column in each of the three groupings.
  Levels I and II Level III Levels I to III
2011 2012 Change from   2011 to 2012 2011 2012 Change from   2011 to 2012 2011 2012 Change from   2011 to 2012
  thousands of dollars percent thousands of dollars percent thousands of dollars percent
Assets  
Current assets 5,419,999 5,427,222 0.1 337,163 344,990 2.3 5,757,162 5,772,212 0.3
Investments and special funds 1,612,667 1,537,303 -4.7 57,762 65,753 13.8 1,670,429 1,603,056 -4.0
Operating property and equipment 11,649,237 12,529,752 7.6 894,019 895,606 0.2 12,543,256 13,425,358 7.0
Less: accumulated depreciation 3,981,947 4,810,568 20.8 342,109 340,507 -0.5 4,324,056 5,151,075 19.1
Non-operating property and equipment 88,972 86,658 -2.6 72,523 65,968 -9.0 161,495 152,626 -5.5
Less: accumulated depreciation 11,876 10,667 -10.2 33,032 32,146 -2.7 44,908 42,814 -4.7
Deferred charges 1,217,719 1,151,943 -5.4 5,671 5,989 5.6 1,223,390 1,157,932 -5.4
Total assets 15,994,770 15,911,642 -0.5 991,997 1,005,653 1.4 16,986,768 16,917,295 -0.4
Liabilities and capital  
Current liabilities 4,873,158 5,154,956 5.8 254,044 275,805 8.6 5,127,202 5,430,761 5.9
Advances from associated companies and/or shareholders 77,329 66,829 -13.6 145,304 150,972 3.9 222,633 217,801 -2.2
Long-term debt and other non-current liabilities x x x x x x x x x
Non-current obligations under capital lease x x x x x x x x x
Deferred income taxes 439,540 470,591 7.1 40,649 44,528 9.5 480,189 515,119 7.3
Other deferred credits x 185,839 x x 981 x x 186,820 x
Provisions for major overhauls 723,014 170,824 -76.4 3,307 3,403 2.9 726,321 174,227 -76.0
Other provisions 150,182 127,087 -15.4 862 950 10.2 151,044 128,037 -15.2
Total liabilities 16,815,849 15,921,028 -5.3 680,912 674,272 -1.0 17,496,761 16,595,300 -5.2
Shareholders equity  
Number of carriers included 1 25 25 0.0 76 72 -5.3 101 97 -4.0
Capital stock 2,800,011 2,710,144 -3.2 176,015 181,929 3.4 2,976,026 2,892,073 -2.8
Other paid-in capital 2 x x x x x x x x x
Retained earnings -3,621,090 -2,719,530 -24.9 135,071 149,452 10.6 -3,486,019 -2,570,078 -26.3
Reserves 3 x x x x x x x x x
Total shareholders equity -821,079 -9,385 -98.9 311,086 331,381 6.5 -509,993 321,996 ...
Total liabilities and capital 15,994,770 15,911,642 -0.5 991,997 1,005,653 1.4 16,986,768 16,917,295 -0.4
1.
Figures expressed in full, not in thousands.
2.
For reasons of confidentiality, "other paid-in capital" is included with "capital stock".
3.
For reasons of confidentiality, "reserves" is included with "retained earnings".
Note(s):
Level I air carriers. This includes every Canadian air carrier that, in the calendar year before the year in which information is provided, transported at least 2 million revenue passengers or at least 400 thousand tonnes of cargo.

Level II air carriers. This includes every Canadian air carrier that, in the calendar year before the year in which information is provided, transported (a) at least 100 thousand but fewer than 2 million revenue passengers; or (b) at least 50 thousand but less than 400 thousand tonnes of cargo.

Level III air carriers. This includes every Canadian air carrier that (a) is not a level I air carrier or level II air carrier; and (b) in the calendar year before the year in which information is provided, realized gross revenues of at least 2 million dollars for the provision of air services for which the air carrier held a licence.
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