The following table reconcile the changes in presentation in prior years for comparative effects on the consolidated statement of financial position:


	As previosly reported		Reclasification			2016 (Adjusted)
Current liabilities
Taxes and interest payable	$	47,389	$	21,094		$	68,483
Accrued expenses payable	$	80,116	$	(35,754	)	$	44,362
Income tax payable	$	22,495	$	(21,094	)	$	1,401

Non-current liabilities
Other long-term liabilities	$	72,694	$	35,754		$	108,448

Consolidated statement of profit or loss

The Company has historically presented its IFRS consolidated statement of profit or loss “by nature and function on a ‘mixed basis” as permitted by IAS 1. During February 2017, the Company introduced a new business, planning and financial consolidation accounting system, with the objective of improving and giving greater uniformity to the structure and presentation of the consolidated financial statements. While the Company continues to present its consolidated income statement “by nature and function on a ‘mixed basis”, a new chart of accounts was implemented resulting in the reclassification of certain lines in the consolidated financial statements, as well as certain new financial statement line items. In the accompanying consolidated statements, prior periods have been retrospectively reclassified giving effect to the new classifications. The Company does not believe these reclassifications significantly affect its previously reported financial statements, nor do they have any significant impact on previously reported Key Performance Indicators (KPIs) or debt covenant compliance. There was also no impact on the Company’s basic or diluted earnings per share and no impact on the total operating, investing or financing cash flows for the years ended December 31, 2016 and 2015.

The following tables discloses both previously reported and as adjusted amounts of the consolidated statement of profit or loss:


	2016
	Adjusted
Operating revenue
Passenger revenue	$	2,155,167
Cargo and mail revenue		53,989
Other operating revenue		12,696

		2,221,852
Operating expenses
Fuel		528,996
Wages, salaries, benefits and other employees’ expenses		370,190
Passenger servicing		86,329
Airport facilities and handling charges		159,771
Sales and distribution		193,984

Maintenance, materials and repairs		121,781
Depreciation and amortization		167,894
Flight operations		88,188
Aircraft rentals and other rentals		138,885

Cargo and courier expenses		6,099
Other Operating and administrative expenses		92,215

		1,954,332

Operating profit		267,520
Non-operating income (expense)
Finance cost		(37,024	)
Finance income		13,000
(Loss) Gain on foreign currency fluctuations		13,043
Net change in fair value of derivatives		111,642
Other non-operating expense		(3,982	)


		96,679

Profit (loss) before taxes		364,199
Income tax expense		(38,271	)

Net profit (loss)	$	325,928


	2016 Previously
	Reported
Operating revenue
Passenger revenue	$	2,133,186
Cargo, mail and other		88,663


		2,221,849
Operating expenses
Aircraft fuel		527,918
Salaries and benefits		293,044
Passenger servicing		259,524

Commissions		83,981
Reservations and sales		99,918
Maintenance, material and repairs		122,873
Depreciation, amortization and impairment		167,894
Flight operations		127,777
Aircraft rentals		120,841
Landing fees and other rentals		55,498

Other		94,584

		1,953,852

Operating profit		267,997
Non-operating income (expense)
Finance cost		(37,024	)
Finance income		13,000
Exchange rate difference, net		13,043
Mark to market derivative income (expense)		111,642
Other income		2,888
Other expense		(7,347	)

		96,202

Profit (loss) before taxes		364,199
Income tax expense		(38,271	)

Net profit (loss)	$	325,928


	2015
	Adjusted
Operating revenue
Passenger revenue	$	2,185,465
Cargo and mail revenue		56,738
Other operating revenue		11,507

		2,253,710
Operating expenses
Fuel		603,760
Wages, salaries, benefits and other employees’ expenses		373,631
Passenger servicing		84,327
Airport facilities and handling charges		148,078
Sales and distribution		188,961

Maintenance, materials and repairs		111,178
Depreciation and amortization		150,548
Flight operations		86,461
Aircraft rentals and other rentals		142,177

Cargo and courier expenses		6,471
Other Operating and administrative expenses		105,484

		2,001,076

Operating profit		252,634
Non-operating income (expense)
Finance cost		(33,155	)
Finance income		25,947
(Loss) Gain on foreign currency fluctuations		(440,097	)
Net change in fair value of derivatives		(11,572	)
Other non-operating expense		(1,632	)


		(460,509	)

Profit (loss) before taxes		(207,875	)
Income tax expense		(32,759	)

Net profit (loss)	$	(240,634	)


	2015
	Previously Reported
Operating revenue
Passenger revenue	$	2,166,727
Cargo, mail and other		83,335


		2,250,062
Operating expenses
Aircraft fuel		602,777
Salaries and benefits		289,512
Passenger servicing		258,302

Commissions		88,557
Reservations and sales		88,051
Maintenance, material and repairs		111,181
Depreciation, amortization and impairment		150,548
Flight operations		130,930
Aircraft rentals		122,217
Landing fees and other rentals		56,703

Other		100,856

		1,999,634

Operating profit		250,428
Non-operating income (expense)
Finance cost		(33,155	)
Finance income		25,947
Exchange rate difference, net		(440,097	)
Mark to market derivative income (expense)		(11,572	)
Other income		7,025
Other expense		(6,451	)

		(458,303	)

Profit (loss) before taxes		(207,875	)
Income tax expense		(32,759	)

Net profit (loss)	$	(240,634	)