2023 Consolidated Financial Statements and Notes
AIR CANADA
2023 Consolidated Financial Statements and Notes
The following table presents the recognized financial instruments that are offset, or subject to enforceable master
netting arrangements or other similar arrangements but not offset, as at December 31, 2023 and 2022, and shows in
the Net column what the net impact would be on the consolidated statement of financial position if all set-off rights were
exercised.
Amounts offset
Amounts not
offset
Net
Financial assets
(Canadian dollars in millions)
Gross
Gross
liabilities
assets
Net amounts
presented
Financial
instruments
offset
December 31, 2023
Derivative assets
$
43
$
(29)
$
14
$
$
14
$
43
$
(29)
$
14
$
EA
$
14
December 31, 2022
Derivative assets
$
115
$
(63)
$
52
$
115
$
(63)
$
52
33
$
SA
(о
6
$
EA
58
$
6
$
58
Amounts offset
Amounts not
offset
Net
Financial liabilities
(Canadian dollars in millions)
Gross
liabilities
Gross assets
offset
Net amounts
presented
Financial
instruments
December 31, 2023
Derivative liabilities
$
257
$
(78)
$
179
$
$
257
$
(78)
$
179
$
SAA
December 31, 2022
Derivative liabilities
$
SA
245
$
$
245
SA SA
(53)
$
192
$
(53)
$
192
SA SA
$
179
$
EA
179
$
$
192
$
192
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