trend-defying growth expansion 2012 - Edmonton Airports ...

Edmonton Regional Airports Authority
sTATEmENTs OF FINANcIAL POsITION
As at December 31, 2008 and 2007
(in thousands of dollars) 2008 2007
AssETs
current assets
$ $
Cash in interest bearing accounts 20,832 17,255
Short-term investments 102,163 34,118
Accounts receivable (note 5) 14,148 12,164
Prepaid expenses and other 3,726 2,276
72 | E D M O N T O N A I R P O R T S
140,869 65,813
Interest bearing deposits (note 7(a)) 11,747 11,417
deferred pension asset (note 8) 5,597 4,196
Lessee receivable 368 490
Property, plant and equipment (note 6) 438,622 373,173
597,203 455,089
LIABILITIEs
current liabilities
Accounts payable and accrued liabilities (note 6(b)) 29,834 22,101
Current portion of long-term debt 8,837 4,529
Current portion of deferred revenue 1,248 1,186
Current portion of obligations under capital leases - 25
39,919 27,841
Tenants’ security deposits 998 996
deferred revenue (note 10(a)) 13,183 14,108
Long-term benefits payable (note 8) 2,896 2,345
Long-term debt (note 7) 418,128 307,579
contingencies (note 11)
commitments (note 12)
475,124 352,869
EqUITy IN PROPERTy, PLANT ANd EqUIPmENT
contributed capital (note 3(b)) 3,805 3,805
Equity in property, plant and equipment 118,274 98,415
122,079 102,220
See accompanying notes to financial statements.
597,203 455,089
Approved by the Board of Directors
chAIR chAIR—AUdIT cOmmITTEE