2023 Consolidated Financial Statements and Notes
AIR CANADA
2023 Consolidated Financial Statements and Notes
16. FINANCIAL INSTRUMENTS AND RISK MANAGEMENT
Summary of Financial Instruments
(Canadian dollars in millions)
Financial Assets
Cash and cash equivalents
Short-term investments
Accounts receivable
Investments, deposits and other
assets
Carrying Amounts
December 31, 2023
Financial instruments classification
Fair value
through profit
and loss
Assets at
Fair value
through OCI
amortized
cost
2,817
$
$
5,734
1,121
December 31,
2022
Liabilities at
amortized
Total
cost
$
$
2,817 $
2,693
5,734
5,295
1,121
1,037
Long-term investments
744
744
823
Equity investment in Chorus
40
40
Restricted cash
89
89
Aircraft related and other deposits
53
53
Other investments
11
25
36
៨៦ ៥១ ដំ
Derivative instruments
Share forward contracts
I
Foreign exchange derivatives
14
$
9,409
65
1,174
6
14
52
10,648 $
10,103
Financial Liabilities
Accounts payable
Foreign exchange derivatives
$
FA
179
Embedded derivative on convertible
notes
56
Current portion of long-term debt and
lease liabilities
Long-term debt and lease liabilities
$
235
$
$
$
3,034
$
3,034 $
2,314
179
192
56
120
866
866
1,263
12,996
12,996
15,043
$
$
16,896 $
17,131 $
18,932
Summary of Gain on Financial Instruments Recorded at Fair Value
(Canadian dollars in millions)
Embedded derivative on convertible notes
Short-term and long-term investments
Other
Gain on financial instruments recorded at fair value
2023
2022
Note 8
$
64
$
219
45
(86)
6
$
115
$
133
57
45View entire presentation