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Consolidated Balance Sheets - CAD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020
--- | --- | ---
Assets |  |
Cash and cash equivalents | $ 1,449,593 | $ 818,378
Trade and other receivables | 122,698 | 51,928
Other current financial assets | 861 | 448
Current income tax recoverable | 3,219 | 3,116
Prepaid expenses and other current assets | 41,064 | 19,745
Total current assets | 1,617,435 | 893,615
Satellites, property and other equipment | 1,431,775 | 1,318,526
Deferred tax assets | 46,187 | 79,912
Other long-term financial assets | 16,348 | 53,425
Long-term income tax recoverable | 12,277 | 8,418
Other long-term assets | 31,254 | 1,504
Intangible assets | 764,078 | 779,190
Goodwill | 2,446,603 | 2,446,603
Total assets | 6,365,957 | 5,581,193
Liabilities |  |
Trade and other payables | 54,628 | 30,091
Other current financial liabilities | 36,647 | 35,880
Income taxes payable | 5,622 | 7,326
Other current liabilities | 85,058 | 88,829
Current indebtedness |  |
Total current liabilities | 181,955 | 162,126
Long-term indebtedness | 3,792,597 | 3,187,152
Deferred tax liabilities | 296,318 | 325,893
Other long-term financial liabilities | 23,835 | 35,499
Other long-term liabilities | 371,453 | 410,587
Total liabilities | 4,666,158 | 4,121,257
Shareholders’ equity |  |
Share capital | 42,841 | 155,698
Accumulated earnings | 350,876 | 1,266,514
Reserves | 22,807 | 37,724
Total Telesat Corporation/Telesat Canada shareholders’ equity | 416,524 | 1,459,936
Non-controlling interest | 1,283,275 |
Total shareholders’ equity | 1,699,799 | 1,459,936
Total liabilities and shareholders’ equity | $ 6,365,957 | $ 5,581,193

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