Common use of Ownership Performance Targets Clause in Contracts

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 (2012 2013 Revision) for the Cayman Islands Airports Authority Airways Limited for the 2013/14 2015/16 financial year are as follows. FINANCIAL PERFORMANCE MEASURE 2013/14 2015/16 BUDGET $ 000's 2012/13 2014/15 FORECAST $ 000's REVENUE FROM CABINET 0 0 17,305,800 17,805,799 REVENUE FROM MINISTRIES, PORTFOLIOS, STATUTORY AUTHORITIES AND GOVERNMENT COMPANIES 6,998,155 10,357,240 1,200,000 1,200,000 REVENUE FROM OTHERS PERSONS OR ORGANISATIONS 15,712,429 15,712,429 54,322,437 53,769,493 SURPLUS/DEFICIT FROM OUTPUTS 5,068,051 5,045,642 72,828,237 72,775,292 OTHER EXPENSES 110,000 110,000 71,875,075 71,776,154 NET SURPLUS DEFICIT 4,958,051 4,935,642 953,162 999,138 TOTAL ASSETS 76,165,580 73,993,935 28,525,555 25,317,738 TOTAL LIABILTIES 11,511,947 10,152,724 67,145,064 69,990,410 NET WORTH 64,653,633 63,841,211 (38,619,509) (44,672,672) CASH FLOWS FROM OPERATING ACTIVIITES 9,197,627 9,434,929 5,516,266 (2,092,851) CASH FLOWS FROM INVESTING ACTIVIITES (4,287,5506,539,372) (8,834,000700,715) CASH FLOWS FROM FINANCING ACTIVIITES 0 0 878,416 2,882,753 CHANGE IN CASH BALANCES 4,910,077 600,929 (144,690) 89,187 FINANCIAL PERFORMANCE RATIO 2013/14 2015/16 BUDGET % 2012/13 2014/15 FORECAST % CURRENT ASSETS : CURRENT LIABILITIES 15 11.29 1:10.4 1:9.4 TOTAL ASSETS : TOTAL LIABILITIES 7 7.29 1:2.4 1:2.8 MAINTENANCE OF CAPABILITY HUMAN CAPITAL MEASURES 2013/14 2015/16 BUDGET 2012/13 2014/15 FORECAST TOTAL FULL TIME EQUIVALENT STAFF EMPLOYED 180 180 390 363 STAFF TURNOVER (%) 15% 15% SIGNIFICANT CHANGES FOR PERSONNEL MANAGEMENT SYSTEM New performance management system New performance management system SENIOR MANAGER 14 Years 14 Years PROFESSIONAL AND TECHNICAL STAFF ADMINISTRATIVE STAFF PHYSICAL CAPITAL MEASURES 2013/14 2015/16 BUDGET $ 2012/13 2014/15 FORECAST $ VALUE OF TOTAL ASSETS 36,965,516 43,352,722 28,525,555 25,317,738 ASSET REPLACEMENTS : TOTAL ASSETS 1% 1% 4:1 36:1 BOOK VALUE OF ASSETS : COST OF THOSE ASSETS 65% 65% 1.51:1 1.45:1 DEPRECIATION : CASH FLOW ON ASSET PURCHASES 40% 40% 2.21:1 5:1 CHANGES TO ASSET MANAGEMENT POLICES None None PHYSICAL MAJOR CAPITAL MEASURES 2013/14 BUDGET EXPENDITURE PROJECTS 2015/16 TARGET $ TERMINAL EXPANSION CYB 1,000,000 Infrastructure 0 Technology 379,428 Aircraft/Engines 6,159,944 RISK MANAGEMENT KEY RISKS FACED BY MINISTRY/PORTFOLIO CHANGED IN STATUS FROM 2012/13 2014/15 ACTIONS TO MANAGE RISK FINANCIAL VALUE OF RISK Lack of war Fuel Prices Risk profile increased due to volatility in fuel prices Given difficulty in hedging this is managed primarily through price negotiating 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 dollarsoperations. +/- CI$2,000,000 Capital Structure Improvement over prior year Better cash management and improved financial performance targeted None

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2012 2013 Revision) for the Cayman Islands Airports Water Authority for the 2013/14 2015/16 financial year are as follows. FINANCIAL PERFORMANCE MEASURE 2013/14 2015/16 BUDGET $ 000's 2012/13 2014/15 FORECAST $ 000's REVENUE FROM CABINET 0 0 N/A N/A REVENUE FROM MINISTRIES, PORTFOLIOS, STATUTORY AUTHORITIES AND GOVERNMENT COMPANIES 6,998,155 10,357,240 N/A N/A REVENUE FROM OTHERS PERSONS OR ORGANISATIONS 15,712,429 15,712,429 33,858,361 31,290,259 SURPLUS/DEFICIT FROM OUTPUTS 5,068,051 5,045,642 9,533,344 8,153,325 OTHER EXPENSES 110,000 110,000 6,492,565 5,787,210 NET SURPLUS DEFICIT 4,958,051 4,935,642 3,040,779 2,366,115 TOTAL ASSETS 76,165,580 73,993,935 83,484,661 82,659,511 TOTAL LIABILTIES 11,511,947 10,152,724 13,884,912 16,000,541 NET WORTH 64,653,633 63,841,211 69,599,749 66,658,970 CASH FLOWS FROM OPERATING ACTIVIITES 9,197,627 9,434,929 7,270,248 6,172,276 CASH FLOWS FROM INVESTING ACTIVIITES (4,287,5504,036,850) (8,834,0003,044,508) CASH FLOWS FROM FINANCING ACTIVIITES 0 0 (2,758,602) (2,669,038) CHANGE IN CASH BALANCES 4,910,077 600,929 474,796 458,730 FINANCIAL PERFORMANCE RATIO 2013/14 2015/16 BUDGET % 2012/13 2014/15 FORECAST % CURRENT ASSETS : CURRENT LIABILITIES 15 11.29 1.92 2.02 TOTAL ASSETS : TOTAL LIABILITIES 7 7.29 6.01 5.17 CAYMAN ISLANDS GOVERNMENT 2015-16 OWNERSHIP AGREEMENTS 659 MAINTENANCE OF CAPABILITY HUMAN CAPITAL MEASURES 2013/14 2015/16 BUDGET 2012/13 2014/15 FORECAST TOTAL FULL TIME EQUIVALENT STAFF EMPLOYED 180 180 125 123 STAFF TURNOVER (%) 15% 15% SIGNIFICANT CHANGES FOR PERSONNEL MANAGEMENT SYSTEM New performance management system New performance management system PHYSICAL CAPITAL MEASURES 2013/14 SENIOR MANAGER 17 16 ADMINISTRATIVE STAFF 13 12 2015/16 BUDGET $ 2012/13 2014/15 FORECAST $ VALUE OF TOTAL ASSETS 36,965,516 43,352,722 66,039,478 65,667,451 ASSET REPLACEMENTS : TOTAL ASSETS 16.1% 15.0% BOOK VALUE OF ASSETS : COST OF THOSE ASSETS 6558.8% 6560.6% 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 dollarsPURCHASES

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2012 2013 Revision) for the Cayman Islands Airports Authority Stock Exchange for the 2013/14 2015/16 financial year are as follows. FINANCIAL PERFORMANCE MEASURE 2013/14 2015/16 BUDGET $ 000's 2012/13 2014/15 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 1,846,480 1,584,170 SURPLUS/DEFICIT FROM OUTPUTS 5,068,051 5,045,642 OTHER EXPENSES 110,000 110,000 1,459,650 1,378,640 NET SURPLUS DEFICIT 4,958,051 4,935,642 386,830 205,530 TOTAL ASSETS 76,165,580 73,993,935 2,342,237 2,091,189 TOTAL LIABILTIES 11,511,947 10,152,724 336,274 158,012 NET WORTH 64,653,633 63,841,211 2,005,963 1,933,260 CASH FLOWS FROM OPERATING ACTIVIITES 9,197,627 9,434,929 611,140 261,179 CASH FLOWS FROM INVESTING ACTIVIITES (4,287,550) (8,834,000) 0 0 CASH FLOWS FROM FINANCING ACTIVIITES 0 0 (291,000) (155,000) CHANGE IN CASH BALANCES 4,910,077 600,929 320,140 106,179 FINANCIAL PERFORMANCE RATIO 2013/14 2015/16 BUDGET % 2012/13 2014/15 FORECAST % CURRENT ASSETS : CURRENT LIABILITIES 15 11.29 6.58:1 12.02:1 TOTAL ASSETS : TOTAL LIABILITIES 7 7.29 6.96:1 12.23:1 CAYMAN ISLANDS GOVERNMENT 2015-16 OWNERSHIP AGREEMENTS 199 MAINTENANCE OF CAPABILITY HUMAN CAPITAL MEASURES 2013/14 2015/16 BUDGET 2012/13 2014/15 FORECAST TOTAL FULL TIME EQUIVALENT STAFF EMPLOYED 180 180 6 4 STAFF TURNOVER (%) 1SENIOR MANAGER 0 33.33% 1(equal to 1 person) PROFESSIONAL AND TECHNICAL STAFF 0 33.33% SIGNIFICANT CHANGES FOR PERSONNEL MANAGEMENT SYSTEM New performance management system New performance management system (equal to 1 person) ADMINISTRATIVE STAFF 0 0 PHYSICAL CAPITAL MEASURES 2013/14 BUDGET $ 2012/13 2014/15 FORECAST $ VALUE OF TOTAL ASSETS 36,965,516 43,352,722 131,072 192,480 ASSET REPLACEMENTS : TOTAL ASSETS 1% 1% 0 0 BOOK VALUE OF ASSETS : COST OF THOSE ASSETS 65% 65% 0.14:1 0.10:1 DEPRECIATION : CASH FLOW ON ASSET PURCHASES 40% 40% 0 (no asset purchases expected) 0 (no asset purchases expected) CHANGES TO ASSET MANAGEMENT POLICES none none MAJOR CAPITAL EXPENDITURE PROJECTS 2015/16 TARGET $ None None PHYSICAL CAPITAL MEASURES 2013/14 BUDGET $ TERMINAL EXPANSION CYB 1,000,000 Planned 0 CAYMAN ISLANDS GOVERNMENT 2015-16 OWNERSHIP AGREEMENTS 200 RISK MANAGEMENT KEY RISKS FACED BY MINISTRY/PORTFOLIO CHANGED IN STATUS FROM 2012/13 2014/15 ACTIONS TO MANAGE RISK FINANCIAL VALUE OF RISK Lack Loss of war key personnel Risk unchanged Creating incentives to retain such personnel Loss of international reputation Risk unchanged Active programme to maintain reputation including management of suitability of applications for listing and terrorism insurance No change as it is cost- prohibitive May be able broker membership, monitoring of ongoing compliance with listing and membership rules and gaining and maintaining international recognitions Potentially equal to the total assets of the Exchange Loss of listed issuers Risk unchanged Establishment and maintenance of relationships with issuers and listing agents and a programme of diversification into different types of products Loss of turnover Inability to obtain property insurance for this but liability remains cost restrictive Unknown but likely in international recognitions Risk unchanged Active programme to persuade international regulatory bodies to grant recognitions and diversification into different geographical markets Unquantifiable Loss of CUSIP agency Risk unchanged Programme of diversification into different business activities and growth of the millions core listing business Loss of dollarsturnover Loss of listed issuers Risk unchanged Establishment and maintenance of relationships with issuers and listing agents and a programme of diversification into different types of products Loss of turnover Loss of key personnel Risk unchanged Creating incentives to retain such personnel Unquantifiable CAYMAN ISLANDS GOVERNMENT 2015-16 OWNERSHIP AGREEMENTS 201

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2012 2013 Revision) for the Cayman Islands Airports Authority for the 2013/14 2014/15 financial year are as follows. FINANCIAL PERFORMANCE MEASURE 2013/14 2014/15 BUDGET $ 000's 2012/13 2013/14 FORECAST $ 000's REVENUE FROM CABINET 0 0 REVENUE FROM MINISTRIES, PORTFOLIOS, STATUTORY AUTHORITIES AND GOVERNMENT COMPANIES 6,998,155 10,357,240 4,417,340 7,278,081 REVENUE FROM OTHERS PERSONS OR ORGANISATIONS 15,712,429 15,712,429 21,772,332 21,525,800 SURPLUS/DEFICIT FROM OUTPUTS 5,068,051 5,045,642 7,932,068 5,388,292 OTHER EXPENSES 110,000 110,000 0 231,920 NET SURPLUS DEFICIT 4,958,051 4,935,642 7,932,068 5,125,173 TOTAL ASSETS 76,165,580 73,993,935 84,536,907 78,817,893 TOTAL LIABILTIES 11,511,947 10,152,724 8,087,003 14,058,527 NET WORTH 64,653,633 63,841,211 76,449,905 67,239,778 CASH FLOWS FROM OPERATING ACTIVIITES 9,197,627 9,434,929 9,328,573 9,809,853 CASH FLOWS FROM INVESTING ACTIVIITES (4,287,5502,977,055) (8,834,0005,649,852) CASH FLOWS FROM FINANCING ACTIVIITES 0 (35,764) 0 CHANGE IN CASH BALANCES 4,910,077 600,929 6,315,754 634,326 FINANCIAL PERFORMANCE RATIO 2013/14 2014/15 BUDGET % 2012/13 2013/14 FORECAST % CURRENT ASSETS : CURRENT LIABILITIES 35 15 11.29 TOTAL ASSETS : TOTAL LIABILITIES 10 7 7.29 MAINTENANCE OF CAPABILITY HUMAN CAPITAL MEASURES 2014/15 BUDGET 2013/14 BUDGET 2012/13 FORECAST TOTAL FULL TIME EQUIVALENT STAFF EMPLOYED 180 194 180 STAFF TURNOVER (%) 1% 1% AVERAGE LENGTH OF SERVICE SENIOR MANAGEMENT PROFESSIONAL STAFF ADMINISTRATIVE STAFF 13 94 13 94 SIGNIFICANT CHANGES FOR PERSONNEL MANAGEMENT SYSTEM New performance management system New performance management system Evaluation of Organization Structure PHYSICAL CAPITAL MEASURES 2013/14 2014/15 BUDGET $ 2012/13 2013/14 FORECAST $ VALUE OF TOTAL ASSETS 36,965,516 43,352,722 84,536,907 38,444,137 ASSET REPLACEMENTS : TOTAL ASSETS 1% 1% 9 68 BOOK VALUE OF ASSETS : COST OF THOSE ASSETS 65% 65% 50 DEPRECIATION : CASH FLOW ON ASSET PURCHASES 40% 40% 125 CHANGES TO ASSET MANAGEMENT POLICES None None PHYSICAL MAJOR CAPITAL MEASURES 2013/14 EXPENDITURE PROJECTS 2014/15 BUDGET $ TERMINAL EXPANSION CYB 1,000,000 ORIA 1,0000,000 RISK MANAGEMENT KEY RISKS FACED BY MINISTRY/PORTFOLIO CHANGED IN STATUS FROM 2012/13 2013/14 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 (2012 Revision) for the Cayman Islands Airports Airport 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 $ 1,000,000 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 (2012 2013 Revision) for the Cayman Islands Airports Authority Development Bank for the 2013/14 2015/16 financial year are as follows. FINANCIAL PERFORMANCE MEASURE 2013/14 2015/16 BUDGET $ 000's 2012/13 2014/15 FORECAST $ 000's REVENUE FROM CABINET 0 0 526,317 526,317 REVENUE FROM MINISTRIES, PORTFOLIOS, STATUTORY AUTHORITIES AND GOVERNMENT COMPANIES 6,998,155 10,357,240 42,951 48,451 REVENUE FROM OTHERS PERSONS OR ORGANISATIONS 15,712,429 15,712,429 2,132,692 2,440,290 SURPLUS/DEFICIT FROM OUTPUTS 5,068,051 5,045,642 - - OTHER EXPENSES 110,000 110,000 2,735,933 3,025,946 NET SURPLUS DEFICIT 4,958,051 4,935,642 (33,972) (10,888) TOTAL ASSETS 76,165,580 73,993,935 39,806,377 38,592,629 TOTAL LIABILTIES 11,511,947 10,152,724 29,290,395 29,542,675 NET WORTH 64,653,633 63,841,211 10,515,982 9,049,954 CASH FLOWS FROM OPERATING ACTIVIITES 9,197,627 9,434,929 (118,575) 1,083,088 CASH FLOWS FROM INVESTING ACTIVIITES (4,287,550546) (8,834,00015,546) CASH FLOWS FROM FINANCING ACTIVIITES 0 0 (1,188,434) (4,719,566) CHANGE IN CASH BALANCES 4,910,077 600,929 1,069,313 (3,652,024) FINANCIAL PERFORMANCE RATIO 2013/14 2015/16 BUDGET % 2012/13 2014/15 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 (2012 2013 Revision) for the Cayman Islands Airports Authority for the 2013/14 2014/15 financial year are as follows. FINANCIAL PERFORMANCE MEASURE 2013/14 2014/15 BUDGET $ 000's 2012/13 2013/14 FORECAST $ 000's REVENUE FROM CABINET 0 0 REVENUE FROM MINISTRIES, PORTFOLIOS, STATUTORY AUTHORITIES AND GOVERNMENT COMPANIES 6,998,155 10,357,240 4,417,340 7,278,081 REVENUE FROM OTHERS PERSONS OR ORGANISATIONS 15,712,429 15,712,429 21,772,332 21,525,800 SURPLUS/DEFICIT FROM OUTPUTS 5,068,051 5,045,642 7,932,068 5,388,292 OTHER EXPENSES 110,000 110,000 0 231,920 NET SURPLUS DEFICIT 4,958,051 4,935,642 7,932,068 5,125,173 TOTAL ASSETS 76,165,580 73,993,935 84,536,907 78,817,893 TOTAL LIABILTIES 11,511,947 10,152,724 8,087,003 14,058,527 NET WORTH 64,653,633 63,841,211 76,449,905 67,239,778 CASH FLOWS FROM OPERATING ACTIVIITES 9,197,627 9,434,929 9,328,573 9,809,853 CASH FLOWS FROM INVESTING ACTIVIITES (4,287,5502,977,055) (8,834,0005,649,852) CASH FLOWS FROM FINANCING ACTIVIITES 0 (35,764) 0 CHANGE IN CASH BALANCES 4,910,077 600,929 6,315,754 634,326 FINANCIAL PERFORMANCE RATIO 2013/14 2014/15 BUDGET % 2012/13 2013/14 FORECAST % CURRENT ASSETS : CURRENT LIABILITIES 35 15 11.29 TOTAL ASSETS : TOTAL LIABILITIES 10 7 7.29 MAINTENANCE OF CAPABILITY HUMAN CAPITAL MEASURES 2014/15 BUDGET 2013/14 BUDGET 2012/13 FORECAST TOTAL FULL TIME EQUIVALENT STAFF EMPLOYED 180 194 180 STAFF TURNOVER (%) 1% 1% SIGNIFICANT CHANGES FOR PERSONNEL MANAGEMENT SYSTEM New performance management system New performance management system Evaluation of Organization Structure PHYSICAL CAPITAL MEASURES 2013/14 2014/15 BUDGET $ 2012/13 2013/14 FORECAST $ VALUE OF TOTAL ASSETS 36,965,516 43,352,722 84,536,907 38,444,137 ASSET REPLACEMENTS : TOTAL ASSETS 1% 1% 9 68 BOOK VALUE OF ASSETS : COST OF THOSE ASSETS 65% 65% 50 DEPRECIATION : CASH FLOW ON ASSET PURCHASES 40% 40% 125 CHANGES TO ASSET MANAGEMENT POLICES None None PHYSICAL MAJOR CAPITAL MEASURES 2013/14 EXPENDITURE PROJECTS 2014/15 BUDGET $ TERMINAL EXPANSION CYB 1,000,000 ORIA 1,0000,000 RISK MANAGEMENT KEY RISKS FACED BY MINISTRY/PORTFOLIO CHANGED IN STATUS FROM 2012/13 2013/14 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 (2012 2013 Revision) for the Cayman Islands Airports Authority for the 2013/14 2015/16 financial year are as follows. FINANCIAL PERFORMANCE MEASURE 2013/14 2015/16 BUDGET $ 000's 2012/13 2014/15 FORECAST $ 000's REVENUE FROM CABINET 0 0 Xxx Xxx REVENUE FROM MINISTRIES, PORTFOLIOS, STATUTORY AUTHORITIES AND GOVERNMENT COMPANIES 6,998,155 10,357,240 7,289 7,161 REVENUE FROM OTHERS PERSONS OR ORGANISATIONS 15,712,429 15,712,429 25,826 22,335 SURPLUS/DEFICIT FROM OUTPUTS 5,068,051 5,045,642 0 0 OTHER EXPENSES 110,000 110,000 22,537 19,962 NET SURPLUS DEFICIT 4,958,051 4,935,642 10,578 9,534 TOTAL ASSETS 76,165,580 73,993,935 92,160 79,868 TOTAL LIABILTIES 11,511,947 10,152,724 20,147 18,433 NET WORTH 64,653,633 63,841,211 72,013 61,435 CASH FLOWS FROM OPERATING ACTIVIITES 9,197,627 9,434,929 13,121 13,845 CASH FLOWS FROM INVESTING ACTIVIITES (4,287,55027,591) (8,834,0005,147) CASH FLOWS FROM FINANCING ACTIVIITES 0 0 (21) (21) CHANGE IN CASH BALANCES 4,910,077 600,929 (14,491) 8,678 FINANCIAL PERFORMANCE RATIO 2013/14 2015/16 BUDGET % 2012/13 2014/15 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 dollars1.91:1 4.75:1

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2012 2013 Revision) for the Cayman Islands Airports Monetary Authority for the 2013/14 2015/16 financial year are as follows. FINANCIAL PERFORMANCE MEASURE 2013/14 2015/16 BUDGET $ 000's 2012/13 2014/15 FORECAST $ 000's REVENUE FROM CABINET 0 0 10,665 9,065 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 12,025 12,151 SURPLUS/DEFICIT FROM OUTPUTS 5,068,051 5,045,642 0 0 OTHER EXPENSES 110,000 110,000 21,690 21,216 NET SURPLUS DEFICIT 4,958,051 4,935,642 1,000 0 TOTAL ASSETS 76,165,580 73,993,935 124,166 121,816 TOTAL LIABILTIES 11,511,947 10,152,724 99,894 98,544 NET WORTH 64,653,633 63,841,211 24,272 23,272 CASH FLOWS FROM OPERATING ACTIVIITES 9,197,627 9,434,929 1,227 4,703 CASH FLOWS FROM INVESTING ACTIVIITES (4,287,550388) (8,834,0001,389) CASH FLOWS FROM FINANCING ACTIVIITES 0 0 CHANGE IN CASH BALANCES 4,910,077 600,929 838 3,315 FINANCIAL PERFORMANCE RATIO 2013/14 2015/16 BUDGET % 2012/13 2014/15 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 (2012 2013 Revision) for the Cayman Islands Airports Authority Development Bank for the 2013/14 2015/16 financial year are as follows. FINANCIAL PERFORMANCE MEASURE 2013/14 2015/16 BUDGET $ 000's 2012/13 2014/15 FORECAST $ 000's REVENUE FROM CABINET 0 0 526,317 526,317 REVENUE FROM MINISTRIES, PORTFOLIOS, STATUTORY AUTHORITIES AND GOVERNMENT COMPANIES 6,998,155 10,357,240 42,951 48,451 REVENUE FROM OTHERS PERSONS OR ORGANISATIONS 15,712,429 15,712,429 2,132,692 2,440,290 SURPLUS/DEFICIT FROM OUTPUTS 5,068,051 5,045,642 - - OTHER EXPENSES 110,000 110,000 2,735,933 3,025,946 NET SURPLUS DEFICIT 4,958,051 4,935,642 (33,972) (10,888) TOTAL ASSETS 76,165,580 73,993,935 39,806,377 38,592,629 TOTAL LIABILTIES 11,511,947 10,152,724 29,290,395 29,542,675 NET WORTH 64,653,633 63,841,211 10,515,982 9,049,954 CASH FLOWS FROM OPERATING ACTIVIITES 9,197,627 9,434,929 (118,575) 1,083,088 CASH FLOWS FROM INVESTING ACTIVIITES (4,287,550546) (8,834,00015,546) CASH FLOWS FROM FINANCING ACTIVIITES 0 0 (1,188,434) (4,719,566) CHANGE IN CASH BALANCES 4,910,077 600,929 1,069,313 (3,652,024) FINANCIAL PERFORMANCE RATIO 2013/14 2015/16 BUDGET % 2012/13 2014/15 FORECAST % CURRENT ASSETS : CURRENT LIABILITIES 15 11.29 5:1 4:1 TOTAL ASSETS : TOTAL LIABILITIES 7 7.29 1:1 1:1 MAINTENANCE OF CAPABILITY HUMAN CAPITAL MEASURES 2013/14 2015/16 BUDGET 2012/13 2014/15 FORECAST TOTAL FULL TIME EQUIVALENT STAFF EMPLOYED 180 180 13 13 STAFF TURNOVER (%) 1% 1% SIGNIFICANT CHANGES FOR PERSONNEL MANAGEMENT SYSTEM New performance management system New performance management system Xxx Xxx SENIOR MANAGER 6 6 PROFESSIONAL AND TECHNICAL STAFF 10 10 ADMINISTRATIVE STAFF 7 7 PHYSICAL CAPITAL MEASURES 2013/14 2015/16 BUDGET $ 2012/13 2014/15 FORECAST $ VALUE OF TOTAL ASSETS 36,965,516 43,352,722 39,806,377 38,592,629 ASSET REPLACEMENTS : TOTAL ASSETS 1% 1% Nil 15,000 BOOK VALUE OF ASSETS : COST OF THOSE ASSETS 65% 65% 452,968:1,311,653 500,570:1,311,653 DEPRECIATION : CASH FLOW ON ASSET PURCHASES 40% 40% Nil Nil CHANGES TO ASSET MANAGEMENT POLICES None None PHYSICAL Nil Nil MAJOR CAPITAL MEASURES 2013/14 BUDGET EXPENDITURE PROJECTS 2015/16 TARGET $ TERMINAL EXPANSION CYB 1,000,000 NIL NIL RISK MANAGEMENT KEY RISKS FACED BY MINISTRY/PORTFOLIO CHANGED IN STATUS FROM 2012/13 2014/15 ACTIONS TO MANAGE RISK FINANCIAL VALUE OF RISK Lack of war Default on loan payments Planned focus on reducing loan delinquency levels and terrorism insurance No change as it is cost- prohibitive May be able improving collections Increased focus on approving loans that are beneficial to obtain property insurance for this but liability remains cost restrictive Unknown but likely in the millions of dollarsportfolio and an increased focus on collections Reduced Loan Interest Income

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 Airways Limited 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 17,805,800 18,169,183 REVENUE FROM MINISTRIES, PORTFOLIOS, STATUTORY AUTHORITIES AND GOVERNMENT COMPANIES 6,998,155 10,357,240 1,200,000 1,200,000 REVENUE FROM OTHERS PERSONS OR ORGANISATIONS 15,712,429 15,712,429 53,508,178 49,319,566 SURPLUS/DEFICIT FROM OUTPUTS 5,068,051 5,045,642 72,513,978 68,688,749 OTHER EXPENSES 110,000 110,000 72,496,231 74,735,661 NET SURPLUS DEFICIT 4,958,051 4,935,642 17,746 (6,046,912) TOTAL ASSETS 76,165,580 73,993,935 22,089,210 21,043,145 TOTAL LIABILTIES 11,511,947 10,152,724 75,632,858 79,704,539 NET WORTH 64,653,633 63,841,211 (53,543,648) (58,661,394) CASH FLOWS FROM OPERATING ACTIVIITES 9,197,627 9,434,929 2,158,860 4,166,945 CASH FLOWS FROM INVESTING ACTIVIITES (4,287,5503,766,140) (8,834,0002,494,293) CASH FLOWS FROM FINANCING ACTIVIITES 0 0 1,262,988 5,825,480 CHANGE IN CASH BALANCES 4,910,077 600,929 (344,293) 7,498,132 FINANCIAL PERFORMANCE RATIO 2013/14 BUDGET % 2012/13 FORECAST % CURRENT ASSETS : CURRENT LIABILITIES 15 11.29 1:18.9 1:15 TOTAL ASSETS : TOTAL LIABILITIES 7 7.29 1:3.4 1:3.8 MAINTENANCE OF CAPABILITY HUMAN CAPITAL MEASURES 2013/14 BUDGET 2012/13 FORECAST TOTAL FULL TIME EQUIVALENT STAFF EMPLOYED 180 180 379 377 STAFF TURNOVER (%) 15% 15% SIGNIFICANT MANAGERS 12 Years PROFESSIONAL AND TECHNICAL STAFF CLERICAL AND LABOURER STAFF CHANGES FOR TO PERSONNEL MANAGEMENT SYSTEM New performance management system New performance management system None PHYSICAL CAPITAL MEASURES 2013/14 BUDGET $ % 2012/13 FORECAST $ % VALUE OF TOTAL ASSETS 36,965,516 43,352,722 22,089,210 21,043,145 ASSET REPLACEMENTS : TOTAL ASSETS 1% 1% 0.28:1 0.30:1 BOOK VALUE OF ASSETS : COST OF THOSE ASSETS 65% 65% 0.42:1 0.45:1 DEPRECIATION : CASH FLOW ON ASSET PURCHASES 40% 40% 1.35:1 1.41:1 CHANGES TO ASSET MANAGEMENT POLICES None None PHYSICAL CAPITAL MEASURES MAJOR NEW ENTITY CAPTIAL EXPENDITURE FOR THE YEAR 2013/14 BUDGET $ TERMINAL EXPANSION CYB 1,000,000 000's Technology 100,000 Aircraft/Engines 5,863,620 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 Fuel Prices Risk profile increased due to volatility in fuel prices Given difficulty in hedging this is managed primarily through price negotiating 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 dollarsoperations. +/- CI$2,000,000 Capital Structure Improvement over prior year Better cash management and improved financial performance targeted

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2012 2013 Revision) for the Port Authority of the Cayman Islands Airports Authority for the 2013/14 2015/16 financial year are as follows. FINANCIAL PERFORMANCE MEASURE 2013/14 2015/16 BUDGET $ 000's 2012/13 2014/15 FORECAST $ 000's REVENUE FROM CABINET 0 0 None None REVENUE FROM MINISTRIES, PORTFOLIOS, STATUTORY AUTHORITIES AND GOVERNMENT COMPANIES 6,998,155 10,357,240 21,359,946 20,566,570 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 (18,442,446) (17,815,450) NET SURPLUS DEFICIT 4,958,051 4,935,642 2,917,500 2,751,120 TOTAL ASSETS 76,165,580 73,993,935 52,863,708 52,416,130 TOTAL LIABILTIES 11,511,947 10,152,724 4,854,799 (7,324,721) NET WORTH 64,653,633 63,841,211 48,008,909 45,091,409 CASH FLOWS FROM OPERATING ACTIVIITES 9,197,627 9,434,929 3,713,409 5,016,539 CASH FLOWS FROM INVESTING ACTIVIITES (4,287,5502,750,000) (8,834,0002,401,068) CASH FLOWS FROM FINANCING ACTIVIITES 0 0 (1,477,564) (1,425,000) CHANGE IN CASH BALANCES 4,910,077 600,929 (514,155) 1,190,471 FINANCIAL PERFORMANCE RATIO 2013/14 2015/16 BUDGET % 2012/13 2014/15 FORECAST % CURRENT ASSETS : CURRENT LIABILITIES 15 11.29 1.08:1 0.97:1 TOTAL ASSETS : TOTAL LIABILITIES 7 7.29 10.88:1 7.15:1 CAYMAN ISLANDS GOVERNMENT 2015-16 OWNERSHIP AGREEMENTS 531 MAINTENANCE OF CAPABILITY HUMAN CAPITAL MEASURES 2013/14 2015/16 BUDGET 2012/13 2014/15 FORECAST TOTAL FULL TIME EQUIVALENT STAFF EMPLOYED 180 180 153 153 STAFF TURNOVER (%) 1% 1% SIGNIFICANT CHANGES FOR PERSONNEL MANAGEMENT SYSTEM New performance management system New performance management system PHYSICAL CAPITAL MEASURES 2013/14 3 max 3 max SENIOR MANAGER 11 10 ADMINISTRATIVE STAFF 26 25 2015/16 BUDGET $ 2012/13 2014/15 FORECAST $ VALUE OF TOTAL ASSETS 36,965,516 43,352,722 Unknown Unknown ASSET REPLACEMENTS : TOTAL ASSETS Less than 1% Less than 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 (2012 2013 Revision) for the Maritime Authority of the Cayman Islands Airports Authority for the 2013/14 2015/16 financial year are as follows. FINANCIAL PERFORMANCE MEASURE 2013/14 2015/16 BUDGET $ 000's 2012/13 2014/15 FORECAST $ 000's REVENUE FROM CABINET 0 0 419,146 419,146 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 9,010,524 8,978,661 SURPLUS/DEFICIT FROM OUTPUTS 5,068,051 5,045,642 0 0 OTHER EXPENSES 110,000 110,000 9,136,089 9,116,923 NET SURPLUS DEFICIT 4,958,051 4,935,642 293,581 280,884 TOTAL ASSETS 76,165,580 73,993,935 4,835,691 4,604,110 TOTAL LIABILTIES 11,511,947 10,152,724 (1,249,000) (1,311,000) NET WORTH 64,653,633 63,841,211 3,586,691 3,293,110 CASH FLOWS FROM OPERATING ACTIVIITES 9,197,627 9,434,929 251,674 225,484 CASH FLOWS FROM INVESTING ACTIVIITES (4,287,550175,000) (8,834,000263,089) CASH FLOWS FROM FINANCING ACTIVIITES 0 0 CHANGE IN CASH BALANCES 4,910,077 600,929 (76,674) 37,605 FINANCIAL PERFORMANCE RATIO 2013/14 2015/16 BUDGET % 2012/13 2014/15 FORECAST % CURRENT ASSETS : CURRENT LIABILITIES 15 11.29 9.08 7.70 TOTAL ASSETS : TOTAL LIABILITIES 7 7.29 3.87 3.51 CAYMAN ISLANDS GOVERNMENT 2015-16 OWNERSHIP AGREEMENTS 409 MAINTENANCE OF CAPABILITY HUMAN CAPITAL MEASURES 2013/14 2015/16 BUDGET 2012/13 2014/15 FORECAST TOTAL FULL TIME EQUIVALENT STAFF EMPLOYED 180 180 51 51 STAFF TURNOVER (%) 10% 10% SIGNIFICANT CHANGES FOR PERSONNEL MANAGEMENT SYSTEM New performance management system New performance management system SENIOR MANAGER PROFESSIONAL AND TECHNICAL STAFF 8.16 8.16 ADMINISTRATIVE STAFF 8.96 8.96 PHYSICAL CAPITAL MEASURES 2013/14 2015/16 BUDGET $ 2012/13 2014/15 FORECAST $ VALUE OF TOTAL ASSETS 36,965,516 43,352,722 4,835,691 4,604,110 ASSET REPLACEMENTS : TOTAL ASSETS 128% 125% BOOK VALUE OF ASSETS : COST OF THOSE ASSETS 6519% 6523% DEPRECIATION : CASH FLOW ON ASSET PURCHASES 4090% 4077% CHANGES TO ASSET MANAGEMENT POLICES None None PHYSICAL MAJOR CAPITAL MEASURES 2013/14 BUDGET EXPENDITURE PROJECTS 2015/16 TARGET $ TERMINAL EXPANSION CYB 1,000,000 Implement Microsoft SharePoint, redevelop the Company’s website and implement a fully integrated IT system 175,000 CAYMAN ISLANDS GOVERNMENT 2015-16 OWNERSHIP AGREEMENTS 410 RISK MANAGEMENT KEY RISKS FACED BY MINISTRY/PORTFOLIO CHANGED IN STATUS FROM 2012/13 2014/15 ACTIONS TO MANAGE RISK FINANCIAL VALUE OF RISK Lack War and Terrorism None Insurance policy to manage risk Unquantifiable Loss/absence of war critical staff None Succession planning 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 develop an organisational structure and environment which provides challenges, promotes advancement and recognize achievements Unquantifiable Loss of important data None Back up vital and important documentation on disks and hard copy and place in the millions of dollarsa secure environment Unquantifiable CAYMAN ISLANDS GOVERNMENT 2015-16 OWNERSHIP AGREEMENTS 411

Ownership Performance Targets. The ownership performance targets (as specified in schedule 5 to the Public Management and Finance Law (2012 2013 Revision) for the University College of the Cayman Islands Airports Authority for the 2013/14 2015/16 financial year are as follows. FINANCIAL PERFORMANCE MEASURE 2013/14 2015/16 BUDGET $ 000's 2012/13 2014/15 FORECAST $ 000's REVENUE FROM CABINET 0 0 4,086,205 4,073,205 REVENUE FROM MINISTRIES, PORTFOLIOS, STATUTORY AUTHORITIES AND GOVERNMENT COMPANIES 6,998,155 10,357,240 699,420 442,350 REVENUE FROM OTHERS PERSONS OR ORGANISATIONS 15,712,429 15,712,429 2,852,591 2,537,460 SURPLUS/DEFICIT FROM OUTPUTS 5,068,051 5,045,642 - - OTHER EXPENSES 110,000 110,000 7,638,216 7,052,708 NET SURPLUS DEFICIT 4,958,051 4,935,642 - 307 TOTAL ASSETS 76,165,580 73,993,935 7,060,582 7,126,002 TOTAL LIABILTIES 11,511,947 10,152,724 1,491,808 1,557,516 NET WORTH 64,653,633 63,841,211 5,568,774 5,568,486 CASH FLOWS FROM OPERATING ACTIVIITES 9,197,627 9,434,929 570,230 516,970 CASH FLOWS FROM INVESTING ACTIVIITES (4,287,550354,865) (8,834,000119,603) CASH FLOWS FROM FINANCING ACTIVIITES 0 0 - 324 CHANGE IN CASH BALANCES 4,910,077 600,929 215,365 397,691 FINANCIAL PERFORMANCE RATIO 2013/14 2015/16 BUDGET % 2012/13 2014/15 FORECAST % CURRENT ASSETS : CURRENT LIABILITIES 15 11.29 3.62 2.85 TOTAL ASSETS : TOTAL LIABILITIES 7 7.29 4.73 4.58 CAYMAN ISLANDS GOVERNMENT 2015-16 OWNERSHIP AGREEMENTS 633 MAINTENANCE OF CAPABILITY HUMAN CAPITAL MEASURES 2013/14 2015/16 BUDGET 2012/13 2014/15 FORECAST TOTAL FULL TIME EQUIVALENT STAFF EMPLOYED 180 180 87 86 STAFF TURNOVER (%) 1% 1% SIGNIFICANT CHANGES FOR PERSONNEL MANAGEMENT SYSTEM New performance management system New performance management system 3.1 3.2 SENIOR MANAGER 6.5 5 PROFESSIONAL AND TECHNICAL STAFF 8 8 ADMINISTRATIVE STAFF 7.5 6.5 PHYSICAL CAPITAL MEASURES 2013/14 2015/16 BUDGET $ 2012/13 2014/15 FORECAST $ VALUE OF TOTAL ASSETS 36,965,516 43,352,722 7,060,582 7,126,002 ASSET REPLACEMENTS : TOTAL ASSETS 15% 1% BOOK VALUE OF ASSETS : COST OF THOSE ASSETS 6542% 6543% DEPRECIATION : CASH FLOW ON ASSET PURCHASES 40131% 40256% CHANGES TO ASSET MANAGEMENT POLICES 0 0 MAJOR CAPITAL EXPENDITURE PROJECTS 2015/16 TARGET $ None None PHYSICAL CAPITAL MEASURES 2013/14 BUDGET $ TERMINAL EXPANSION CYB 1,000,000 Planned N/A CAYMAN ISLANDS GOVERNMENT 2015-16 OWNERSHIP AGREEMENTS 634 RISK MANAGEMENT KEY RISKS FACED BY MINISTRY/PORTFOLIO CHANGED IN STATUS FROM 2012/13 2014/15 ACTIONS TO MANAGE RISK FINANCIAL VALUE OF RISK Lack Insufficient Working Capital - Inadequate revenue flows to meet fixed costs of war course delivery. UCCI Program Viability Report reveals lack of profitability in a number of bachelor degree programs, thus rendering these non-cost-effective. Less than optimum student/teacher ratios leading to high cost of program delivery. UCCI Draft Viability Report has approved by the BOG for engaging in further exploration to determine which recommendations will be prioritized for implementation. Discontinue bachelor programs that are not cost- effective. On a value for money/cost-effectiveness basis these courses cannot continue to be offered Unquantified Inadequate Market Intelligence and terrorism insurance No change as it is cost- prohibitive May Public Relations - Inability to properly determine marketing needs of the University, resulting in ineffective and inefficient tactical choices not based on proper strategic planning. Unchanged Better utilization of the skills of the Director of Marketing. Less time should be able to obtain property insurance for this but liability remains cost restrictive Unknown but likely in the millions of dollarsspent on events planning, and more time on marketing and alumni relations.