2023 Consolidated Financial Statements and Notes
AIR CANADA
2023 Consolidated Financial Statements and Notes
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
For the year ended December 31
(Canadian dollars in millions)
Comprehensive income (loss)
Net income (loss)
Other comprehensive income (loss), net of tax:
2023
2022
2,276
$
(1,700)
Note 11
Items that will not be reclassified to net income
Remeasurements on net employee benefits
Remeasurements on equity investments
Note 9
70
115
Note 4
(11)
(1)
Total comprehensive income (loss)
$
2,335
$
(1,586)
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (DEFICIENCY)
Contributed
Share capital
(Canadian dollars in millions)
surplus
Accumulated
OCI
Deficit
Total
shareholders'
equity
(deficiency)
January 1, 2022
$
2,735
$
104 $
(45)
$
Net income (loss)
(2,785)
(1,700)
$
9
(1,700)
I
115
115
Remeasurements on net employee
benefits
Remeasurements on equity
investments
Total comprehensive income (loss)
Share-based compensation
Shares issued (Note 12)
December 31, 2022
Net income (loss)
Remeasurements on net employee
benefits
Remeasurements on equity
investments
Total comprehensive income (loss)
$
69
8
2,743
$
I
(1)
(1)
(1)
(1,585)
(1,586)
16
16
(2)
6
118
69
$
(46)
$
(4,370)
2,276
$
(1,555)
2,276
I
70
70
(11)
(11)
(11)
2,346
2,335
Share-based compensation
15
15
Shares issued (Note 12)
1
1
December 31, 2023
$
2,744
$
133
$
(57)
$
(2,024)
$
796
The accompanying notes are an integral part of the consolidated financial statements.
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