Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2005 Revision) for Cayman Islands Airports Authority for the 2009/10 financial year is as follows: Financial Performance Financial Performance Measure 2009/10 Target $ 2008/9 Estimated Actual $ Revenue from Cabinet 0 4,915,474 Revenue from ministries, portfolios, statutory authorities and government companies 8,700,000 8,685,064 Revenue from other persons or organisations 16,147,600 12,237,000 Surplus/deficit from outputs 6,622,388 4,420,349 Other expenses 875,000 72,858 Net Surplus/Deficit 6,247,388 4,347,491 Total Assets 100,586,052 62,298,664 Total Liabilities 50,715,625 10,675,625 Net Worth 49,870,427 51,623,039 Cash flows from operating activities 6,367,388 7,047,491 Cash flows from investing activities (44,539,756) 103,540 Cash flows from financing activities 32,000,000 ($72,858) Change in cash balances (5,956,368) 7,078,173 Financial Performance Ratio 2009/10 Target 2008/9 Estimated Actual Current Assets: Current Liabilities 953% 864.09% Total Assets: Total Liabilities 640% 583.55% Maintenance of Capability Human Capital Measures 2009/10 Target $ 2008/9 Estimated Actual $ Total full time equivalent staff 155 141 Staff turnover (%) 5% 5% Average length of service (Number) Senior management Professional staff Administrative staff 19 18 Significant changes to personnel management system N/A N/A Physical Capital Measures 2009/10 Target $ 2008/9 Estimated Actual $ Value of total assets 100,586,052 46,805,287 Asset replacements: total assets 58.44% 56.23% Book value of depreciated assets: initial cost of those assets 83.49% 86.4% Depreciation: Cash flow on asset purchases 6.01% 58.75% Changes to asset management policies None None Major Capital Expenditure Projects 2009/10 Target $ ORIA Terminal Improvements Risk Management Key risks Change in status from previous year Actions to manage risk Financial value of risk Lack of war and terrorism No change as it is cost- May be able to obtain Unknown but insurance prohibitive property insurance for this but liability remains cost restrictive likely in the millions of dollars
Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2012 Revision) for the Auditors Oversight Authority for the 2013/14 financial year are as follows. FINANCIAL PERFORMANCE MEASURE 2013/14 BUDGET $ 000's 2012/13 FORECAST $ 000's REVENUE FROM CABINET 340,000 340,000 REVENUE FROM MINISTRIES, PORTFOLIOS, STATUTORY AUTHORITIES AND GOVERNMENT COMPANIES 0 0 REVENUE FROM OTHERS PERSONS OR ORGANISATIONS 10,000 0 SURPLUS/DEFICIT FROM OUTPUTS 350,000 0 OTHER EXPENSES 315,817 0 NET SURPLUS DEFICIT 34,183 0 TOTAL ASSETS 302,157 135,000 TOTAL LIABILTIES 0 35,000 NET WORTH 302,157 100,000 CASH FLOWS FROM OPERATING ACTIVIITES 10,521 38,625 CASH FLOWS FROM INVESTING ACTIVIITES 0 (25,000) CASH FLOWS FROM FINANCING ACTIVIITES 0 100,000 CHANGE IN CASH BALANCES 10,521 113,625 FINANCIAL PERFORMANCE RATIO 2013/14 BUDGET % 2012/13 FORECAST % CURRENT ASSETS : CURRENT LIABILITIES 3.25:1 TOTAL ASSETS : TOTAL LIABILITIES 3.86:1 MAINTENANCE OF CAPABILITY HUMAN CAPITAL MEASURES 2013/14 BUDGET 2012/13 FORECAST TOTAL FULL TIME EQUIVALENT STAFF EMPLOYED 2 3 STAFF TURNOVER (%) SENIOR MANAGER 1 1 PROFESSIONAL AND TECHNICAL STAFF 1 1 ADMINISTRATIVE STAFF 1 PHYSICAL CAPITAL MEASURES 2013/14 BUDGET $ 2012/13 FORECAST $ VALUE OF TOTAL ASSETS 302,157 135,000 ASSET REPLACEMENTS : TOTAL ASSETS BOOK VALUE OF ASSETS : COST OF THOSE ASSETS DEPRECIATION : CASH FLOW ON ASSET PURCHASES CHANGES TO ASSET MANAGEMENT POLICES None RISK MANAGEMENT KEY RISKS FACED BY MINISTRY/PORTFOLIO CHANGED IN STATUS FROM 2012/13 ACTIONS TO MANAGE RISK FINANCIAL VALUE OF RISK Failure to identify Violations (as defined in the Rules) when such Violations exist in audits conducted by Recognized Auditors whose work has been inspected by, or on behalf of, the Auditors Oversight Authority. Adopt a robust system of oversight over the inspections of Recognized Auditors.
Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2012 Revision) for the Cayman Islands Airports Authority for the 2013/14 financial year are as follows. FINANCIAL PERFORMANCE MEASURE 2013/14 BUDGET $ 000's 2012/13 FORECAST $ 000's REVENUE FROM CABINET 0 0 REVENUE FROM MINISTRIES, PORTFOLIOS, STATUTORY AUTHORITIES AND GOVERNMENT COMPANIES 6,998,155 10,357,240 REVENUE FROM OTHERS PERSONS OR ORGANISATIONS 15,712,429 15,712,429 SURPLUS/DEFICIT FROM OUTPUTS 5,068,051 5,045,642 OTHER EXPENSES 110,000 110,000 NET SURPLUS DEFICIT 4,958,051 4,935,642 TOTAL ASSETS 76,165,580 73,993,935 TOTAL LIABILTIES 11,511,947 10,152,724 NET WORTH 64,653,633 63,841,211 CASH FLOWS FROM OPERATING ACTIVIITES 9,197,627 9,434,929 CASH FLOWS FROM INVESTING ACTIVIITES (4,287,550) (8,834,000) CASH FLOWS FROM FINANCING ACTIVIITES 0 0 CHANGE IN CASH BALANCES 4,910,077 600,929 FINANCIAL PERFORMANCE RATIO 2013/14 BUDGET % 2012/13 FORECAST % CURRENT ASSETS : CURRENT LIABILITIES 15 11.29 TOTAL ASSETS : TOTAL LIABILITIES 7 7.29 MAINTENANCE OF CAPABILITY HUMAN CAPITAL MEASURES 2013/14 BUDGET 2012/13 FORECAST TOTAL FULL TIME EQUIVALENT STAFF EMPLOYED 180 180 STAFF TURNOVER (%) 1% 1% SIGNIFICANT CHANGES FOR PERSONNEL MANAGEMENT SYSTEM New performance management system New performance management system PHYSICAL CAPITAL MEASURES 2013/14 BUDGET $ 2012/13 FORECAST $ VALUE OF TOTAL ASSETS 36,965,516 43,352,722 ASSET REPLACEMENTS : TOTAL ASSETS 1% 1% BOOK VALUE OF ASSETS : COST OF THOSE ASSETS 65% 65% DEPRECIATION : CASH FLOW ON ASSET PURCHASES 40% 40% CHANGES TO ASSET MANAGEMENT POLICES None None PHYSICAL CAPITAL MEASURES 2013/14 BUDGET $ TERMINAL EXPANSION CYB 1,000,000 RISK MANAGEMENT KEY RISKS FACED BY MINISTRY/PORTFOLIO CHANGED IN STATUS FROM 2012/13 ACTIONS TO MANAGE RISK FINANCIAL VALUE OF RISK Lack of war and terrorism insurance No change as it is cost- prohibitive May be able to obtain property insurance for this but liability remains cost restrictive Unknown but likely in the millions of dollars
Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law 2001) for the Cayman Islands Development Bank for the 2003/4 financial year are as follows. Financial Performance Financial Performance Measure 2003/4 Target $ Revenue from Executive Council 548,104 Revenue from ministries, portfolios, statutory authorities and government companies - Revenue from other persons or organisations 588,698 Surplus/deficit from outputs 186,678 Other expenses (39,900) Net Surplus/Deficit 146,778 Total Assets 9,537,820 Total Liabilities 3,796,053 Net Worth 5,741,767 Cash flows from operating activities 131,462 Cash flows from investing activities (3,014,059) Cash flows from financing activities 2,907,597 Change in cash balances 25,000 Financial Performance Ratio 2003/4 Target $ Current Assets: Current Liabilities 7.27:1 Total Assets: Total Liabilities 2.51:1 Maintenance of Capability Human Capital Measures 2003/4 Target $ Total full time equivalent staff 9 Staff turnover (%) 0 Average length of service (Number) Senior management Professional/Technical staff Administrative staff 10.8 years 3.63 years 2 years Significant changes to personnel management system - Physical Capital Measures 2003/4 Target $ Value of total assets 183,014 Asset replacements: total assets 0 Book value of depreciated assets: initial cost of those assets 1:1.6 Depreciation: Cash flow on asset purchases 0 Changes to asset management policies None at Present New Major Capital Expenditure Projects 2003/4 Target $ Nil - Existing Major Capital Expenditure Projects Project Status Nil - Risk Management Key risks Change in status from previous year Actions to manage risk Financial value of risk Default on loan payments as a result of dramatic external forces Risk unchanged Explore possibility of rescheduling defaulting loans Loss of earnings 5 Summarised Forecast Financial Statements A full set of forecast financial statements for Cayman Islands Development Bank is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows. Operating Statement For the Year Ending 30 June 2004 $ Revenue 1,136,802 Operating Expenses 950,124 Net Surplus/Deficit 186,678 Balance Sheet As at 30 June 2004 $ Assets 9,537,820 Liabilities 3,796,053 Net Worth 5,741,767 Statement of Cash Flows For the Year Ending 30 June 2004 $ Net cash flows from operating activities 131,462 Net cash flows from investing activities (3,014,059) Net cash flows from financi...
Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Act (2020 Revision), as amended for CIAA for the 2024 and 2025 financial years are as follows: 2024 1 Jan to 31 Dec 2024 $000’s 2025 1 Jan to 31 Dec 2025 $000’s 2023 12-Month Forecast $000’s REVENUE FROM CABINET - - - REVENUE FROM MINISTRIES, PORTFOLIOS, STATUTORY AUTHORITIES AND GOVERNMENT COMPANIES - - - REVENUE FROM OTHERS 55,417 58,322 36,228 OPERATING EXPENSES 35,261 37,229 34,070 OPERATING SURPLUS/DEFICIT 20,156 21,052 2,158 NET WORTH 171,283 192,336 150,367 CASH FLOWS FROM OPERATING ACTIVITIES 14,734 8,802 (2,670) CASH FLOWS FROM INVESTING ACTIVITIES (20,358) (11,072) (476) CASH FLOWS FROM FINANCING ACTIVITIES (3,460) (4,220) 11,000 CHANGE IN CASH BALANCES (9,085) (6,490) 7,854 FINANCIAL PERFORMANCE RATIO 2024 1 Jan to 31 Dec 2024 % 2025 1 Jan to 31 Dec 2025 % 2023 12-Month Forecast % CURRENT ASSETS: CURRENT LIABILITIES 58.93 10.34 3.16 TOTAL ASSETS: TOTAL LIABILITIES 3.12 3.36 2.72 MAINTENANCE OF CAPABILITY HUMAN CAPITAL MEASURES 2024 1 Jan to 31 Dec 2024 2025 1 Jan to 31 Dec 2025 2023 12-Month Forecast TOTAL FULL TIME EQUIVALENT STAFF EMPLOYED 285 307 228 STAFF TURNOVER (%) 8% 6% 6% MANAGERS 12% 11% 9% PROFESSIONAL AND TECHNICAL STAFF 9% 8% 6% CLERICAL AND LABOURER STAFF 6% 5% 4% AVERAGE LENGTH OF SERVICE (CURRENT POSITION) MANAGERS 13yrs 14 yrs 11yrs PROFESSIONAL AND TECHNICAL STAFF 12yrs 11ys 10yrs CLERICAL AND LABOURER STAFF 13yrs 14yrs 12yrs CHANGES TO PERSONNEL MANAGEMENT SYSTEM Yes None Yes PHYSICAL CAPITAL MEASURES 2024 1 Jan to 31 Dec 2024 $000’s 2025 1 Jan to 31 Dec 2025 $000’s 2023 12-Month Forecast $000’s VALUE OF TOTAL ASSETS 210,204 218,269 193,379 ASSET REPLACEMENTS: TOTAL ASSETS 80% 80% 80% BOOK VALUE OF ASSETS: COST OF THOSE ASSETS 80% 80% 80% DEPRECIATION: CASH FLOW ON ASSET PURCHASES 11% 577% 366% CHANGES TO ASSET MANAGEMENT POLICIES None None None MAJOR NEW CAPITAL EXPENDITURE PROJECTS 2024 1 Jan to 31 Dec 2024 $000’s 2025 1 Jan to 31 Dec 2025 $000’s 2023 12-Month Forecast $000’s AIRPORT TRAFFIC MANAGEMENT SYSTEM ATM (MULTIYEAR 2023-2025) 3,029 1,835 298 Long term parking lot (repaving and new lot) 1,800 - - XXXXX Replacement and construction 6,500 - - New Apron, north sound (2024) 779 5,604 668 CKIA Runway Strip Widening - Phase 1: Design and EIA 15 - 20 Environmental Impact Assessment for Little Cayman 816 - 432 ORIA SW fence area co-located by the residential areas - 610 - Runway extension into North Sound (2024) 735 14,950 300 ...
Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2013 Revision) for the Cayman Islands Airports Authority for the 2016/17 financial period are as follows. FINANCIAL PERFORMANCE MEASURE 2016/17 1 JUL TO 31 DEC 2016 $ 000'S JAN TO 31 DEC 2017 $ 000'S 2015/16 BUDGET FORECAST $000’S REVENUE FROM MINISTRIES, PORTFOLIOS, STATUTORY AUTHORITIES AND GOVERNMENT COMPANIES 662,424 2,887,731 1,622,414 REVENUE FROM OTHERS PERSONS OR ORGANISATIONS 14,454,125 44,624,370 28,360,798 SURPLUS/DEFICIT FROM OUTPUTS 15,116,549 47,516,001 29,983,212 OTHER EXPENSES 11,493,358 34,406,906 20,464,979 NET SURPLUS DEFICIT 3,623,191 13,109,096 9,518,233 TOTAL ASSETS 106,039.223 124,649,889 93,499,443 TOTAL LIABILITIES 16,744,225 25,868,986 15,327,636 NET WORTH 89,294,998 98,780,903 78,171,807 CASH FLOWS FROM OPERATING ACTIVITES 4,019,854 14,216,934 8,918,483 CASH FLOWS FROM INVESTING ACTIVITES (18,482,868) (46,153,789) (21,277,964) CASH FLOWS FROM FINANCING ACTIVITES 7,482,213 7,438,580 (51,693) CHANGE IN CASH BALANCES (6,980,802) (24,498,276) (12,411,174) FINANCIAL PERFORMANCE RATIO JAN TO 31 DEC 2017 % 2015/16 BUDGET FORECAST %
Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2013 Revision) for the Health Services Authority for the 2015/16 financial year are as follows. FINANCIAL PERFORMANCE MEASURE 2015/16 BUDGET $ 000's 2014/15 FORECAST $ 000's REVENUE FROM CABINET 27,909,600 27,909,600 REVENUE FROM MINISTRIES, PORTFOLIOS, STATUTORY AUTHORITIES AND GOVERNMENT COMPANIES 48,675,618 48,607,107 REVENUE FROM OTHERS PERSONS OR ORGANISATIONS 30,325,488 26,971,444 SURPLUS/DEFICIT FROM OUTPUTS 0 0 OTHER EXPENSES 106,409,407 101,285,719 NET SURPLUS DEFICIT 501,299 2,202,432 TOTAL ASSETS 108,478,211 106,629,712 TOTAL LIABILTIES 25,730,447 25,383,246 NET WORTH 82,747,764 81,246,466 CASH FLOWS FROM OPERATING ACTIVIITES 1,034,983 (8,284,359) CASH FLOWS FROM INVESTING ACTIVIITES (3,602,993) (2,514,670) CASH FLOWS FROM FINANCING ACTIVIITES 747,907 606,705 CHANGE IN CASH BALANCES (1,820,103) (10,192,323) FINANCIAL PERFORMANCE RATIO 2015/16 BUDGET % 2014/15 FORECAST % CURRENT ASSETS : CURRENT LIABILITIES 3:40
Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law , 2005 Revision) for Cayman Islands Airports Authority for the 2005/6 financial year are as follows. Financial Performance Financial Performance Measure 2005/6 Target $ 2004/5 Est. Actual $ Revenue from Cabinet 4,315,417 5,690,000 Revenue from ministries, portfolios, statutory authorities and government companies 0 1,522,000 Revenue from other persons or organisations 15,832,246 6,978,708 Surplus/deficit from outputs 3,923,000 3,409,000* Other expenses 16,224,663 407,000* Net Surplus/Deficit 2,469,000 3,002,000* Total Assets 99,324,000 45,046,000* Total Liabilities 62,125,044 8,224,000* Net Worth 37,198,956 36,822,000 Cash flows from operating activities 3,860,000 7,966,000* Cash flows from investing activities (3,768,000) (1,306,000)* Cash flows from financing activities 49,253,000 (401,500)* Change in cash balances 7,758,000 6,258,500* • Amount will be affected by expense information not yet received from Civil Aviation, final split of assets and liabilities with CAA as determined by the government and a resolution of insurance proceeds from the government. ALL ITEMS OUSTANDING REQUIRE GOVERNMENT RESOLUTION. Financial Performance Ratio 2005/6 Target % 2004/5 Est. Actual % Current Assets: Current Liabilities 1172% 216% Total Assets: Total Liabilities 159% 548% Maintenance of Capability Human Capital Measures 2005/6 Target 2004/5 Est. Actual Total full time equivalent staff 145 135 Staff turnover (%) 7% 8% Average length of service (Number) Senior management Professional staff Administrative staff 17 N/A incl above 16 N/A incl above Significant changes to personnel management system Implement Blue Bison software None Physical Capital Measures 2005/6 Target 2004/5 Est. Actual Value of total assets 99,324,000 $45,046,000 Asset replacements: total assets 3.89% 3.04% Book value of depreciated assets: initial cost of those assets 92.4% 95% Depreciation: Cash flow on asset purchases 53% 127% Changes to asset management policies Major Capital Expenditure Projects 2005/6 Target $ ORIA Airport Expansion – final design $1.5MM Little Cayman airport – clearing & grading $3.6MM Replace VOR $600K Risk Management Key risks Change in status from previous year Actions to manage risk Financial value of risk Lack of war and terrorism No change as it is cost- May be able to obtain Unknown but insurance prohibitive property insurance for this but liability remains cost restri...
Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2013 Revision) for the Cayman National Cultural Foundation for the 2015/16 financial year are as follows. FINANCIAL PERFORMANCE MEASURE 2015/16 BUDGET $ 000's 2014/15 FORECAST $ 000's REVENUE FROM CABINET 778,900 628,900 REVENUE FROM MINISTRIES, PORTFOLIOS, STATUTORY AUTHORITIES AND GOVERNMENT COMPANIES REVENUE FROM OTHERS PERSONS OR ORGANISATIONS 212,428 367,903 SURPLUS/DEFICIT FROM OUTPUTS OTHER EXPENSES 1,077,431 996,803 NET SURPLUS DEFICIT -86,103 TOTAL ASSETS 4,802,699 4,887,539 TOTAL LIABILTIES 18,497 444,921 NET WORTH 4,784,202 4,782,390 CASH FLOWS FROM OPERATING ACTIVIITES (101,420) CASH FLOWS FROM INVESTING ACTIVIITES 40,000 CASH FLOWS FROM FINANCING ACTIVIITES 100,000 CHANGE IN CASH BALANCES 38,580 FINANCIAL PERFORMANCE RATIO 2015/16 BUDGET % 2014/15 FORECAST %
Ownership Performance Targets. The ownership performance targets as specified in schedule 5 to the Public Management and Finance Law (2010 Revision) for the Cayman Islands Development Bank for the 2011/12 financial year are as follows. Financial Performance Financial Performance Measure 2011/12 Target $ 2010/11 Forecast $ Revenue from Cabinet 577,875 577,875 Revenue from ministries, portfolios, statutory authorities and government companies Revenue from other persons or organisations 3,068,202 2,779,750 Surplus/deficit from outputs - - Other expenses 3,209,302 3,004,624 Net Surplus/Deficit 436,775 353,001 Total Assets 47,115,095 44,278,970 Total Liabilities 40,701,275 38,301,925 Net Worth 6,413,820 5,977,045 Cash flows from operating activities (1,739,713) (2,292,114) Cash flows from investing activities (120,000) (2,400,000) Cash flows from financing activities 1,669,539 3,778,504 Change in cash balances (190,173) (913,610) Financial Performance Ratio 2011/12 Target $ 2010/11 Forecast $ Current Assets: Current Liabilities 1.3:1 3.9:1 Total Assets: Total Liabilities 1.16:1 1.16:1 Maintenance of Capability Human Capital Measures 2011/12 Target 2010/11 Forecast Total full time equivalent staff 14 15 Staff turnover (%) 6% 0% Value of total assets 47,115,095 44,278,970 Asset replacements: total assets Book value of depreciated assets: initial cost of those assets 579,766: 1,248,220 636,058:1,248,220 Depreciation: Cash flow on asset purchases - - Changes to asset management policies Xxx Xxx Major Capital Expenditure Projects 2011/12 Target $ None Nil Risk Management Key risks Change in status from previous year Actions to manage risk Financial value of risk Default on loan payments Planned focus on reducing loan delinquency levels and improving collections Increased focus on approving loans that are beneficial to the portfolio and an increased focus on collections Reduced Loan Interest Income
