Transportation Information Regulations

Version of section 5 from 2006-03-22 to 2013-11-19:

  •  (1) An air carrier referred to in subsection (2) must provide to the Minister financial information, including

    • (a) a summary of the air carrier’s land, buildings, ground equipment and flight equipment accounts, that sets out, in respect of an annual reporting period,

      • (i) gross investments at the beginning and at the end of the calendar year,

      • (ii) additions to and retirement of assets, and

      • (iii) accumulated depreciation at the beginning and at the end of the calendar year; and

    • (b) a statement of changes in the financial position of the carrier that sets out, in respect of a quarterly reporting period, increases and decreases in

      • (i) working capital,

      • (ii) operating activities, in particular, net income, items not affecting cash, net change in non-cash working capital and cash provided by operating activities,

      • (iii) financing activities, in particular, long-term debt, subordinated debt, dividends paid and cash provided by financing activities; and

      • (iv) investing activities, in particular, fixed assets and cash required by investing activities.

  • (2) Subsection (1) applies in respect of

    • (a) level I air carriers; and

    • (b) level II air carriers to level VI air carriers where

      • (i) a level I air carrier has an ownership interest in or control of the air carrier, or

      • (ii) a company that has an ownership interest in or control of the air carrier also has an ownership interest in or control of a Level I air carrier.

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