Summarised Forecast Financial Statements. A full set of forecast financial statements for Cayman Islands Monetary Authority is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows. Operating Statement 2004/5 $ 2003/4 $ Revenue 11,279,502 10,381,100 Operating Expenses 9,562,062 8,457,944 Net Surplus/Deficit 1,717,440 1,923,156 Balance Sheet As at 30 June 2005 $ As at 30 June 2004 $ Assets 67,975,217 67,583,933 Liabilities 51,390,482 51,431,605 Net Worth 16,584,735 16,152,327 Statement of Cash Flows 2004/5 $ 2003/4 $ Net cash flows from operating activities 1,844,724 2,337,110 Net cash flows from investing activities -1,033,356 -2,404,562 Net cash flows from financing activities -1,068,979 -811,802 6. Other Financial Information Detailed below is information about specific financial transaction required to be included in the Ownership Agreement by the Public Management and Finance Law 2001. Transaction Amount for 2004/5 $ Equity Investments into Cayman Islands Monetary Authority 525,000 Capital Withdrawals from Cayman Islands Monetary Authority. 0 Dividend or Profit Distributions to be made by Cayman Islands Monetary Authority. 1,810,032 Government Loans to be made to Cayman Islands Monetary Authority. 0 Government Guarantees to be issued in relation to Cayman Islands Monetary Authority. 0 Related Party Payments (Non Remuneration) made to Key Management Personnel5 Remuneration6 Payments made to Key Management Personnel 604,111 Remuneration Payments made to Senior Management 755,200 Number for 2004/5 No of Key Management Personnel 11 No of Senior Management 7 5 Key Management Personnel as defined by International Public Accounting Standards No 20, eg Minister, Board Member and Senior Management Team 6 Remuneration as defined by International Public Accounting Standards No 20 Par 34(a)
Appears in 1 contract
Samples: Ownership Agreement
Summarised Forecast Financial Statements. A full set of forecast financial statements for Cayman Islands Monetary Authority is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows. : Operating Statement 2005/6 $ 2004/5 $ 2003/4 $ Revenue 15,323,298 11,279,502 10,381,100 Operating Expenses 12,885,240 9,562,062 8,457,944 Net Surplus/Deficit 2,438,059 1,717,440 1,923,156 Balance Sheet As at 30 June 2005 2006 $ As at 30 June 2004 2005 $ Assets 82,249,606 67,975,217 67,583,933 Liabilities 62,464,050 51,390,482 51,431,605 Net Worth 19,785,010 16,584,735 16,152,327 Statement of Cash Flows 2005/6 $ 2004/5 $ 2003/4 $ Net cash flows from operating activities 4,934,489 1,844,724 2,337,110 Net cash flows from investing activities (4,963,852) -1,033,356 -2,404,562 Net cash flows from financing activities (15,187,978) -1,068,979 -811,802 6. Other Financial Information OTHER FINANCIAL INFORMATION Detailed below is information about specific financial transaction required to be included in the Ownership Agreement by the Public Management and Finance Law 2001Law, (2005 Revision). Transaction Amount for 2004/5 2005/6 $ Equity Investments into Cayman Islands Monetary Authority 525,000 2,046,076 Capital Withdrawals from Cayman Islands Monetary Authority. 0 Dividend or Profit Distributions to be made by Cayman Islands Monetary Authority. 1,810,032 2,315,373 Government Loans to be made to Cayman Islands Monetary Authority. 0 Government Guarantees to be issued in relation to Cayman Islands Monetary Authority. 0 Related Party Payments (Non Remuneration) made to Key Management Personnel5 Remuneration6 Personnel7 0 Remuneration8 Payments made to Key Management Personnel 604,111 598,920 Remuneration Payments made to Senior Management 755,200 946,991 Number for 2004/5 2005/6 No of Key Management Personnel 11 10 No of Senior Management 8 7 5 Key Management Personnel as defined by International Public Accounting Standards No 20, eg Minister, Board Member and Senior Management Team 6 8 Remuneration as defined by International Public Accounting Standards No 20 Par 34(a)
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Samples: www.dlp.gov.ky
Summarised Forecast Financial Statements. A full set of forecast financial statements for the Cayman Islands Monetary Authority Development Bank is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows. Operating Statement 2004/5 2011/12 Target $ 2003/4 2010/11 Forecast $ Revenue 11,279,502 10,381,100 3,646,077 3,357,625 Operating Expenses 9,562,062 8,457,944 (3,209,302) (3,004,624) Net Surplus/Deficit 1,717,440 1,923,156 436,775 353,001 Balance Sheet As at 30 June 2005 2012 $ As at 30 June 2004 2011 $ Assets 67,975,217 67,583,933 47,115,095 44,278,970 Liabilities 51,390,482 51,431,605 40,701,275 38,301,925 Net Worth 16,584,735 16,152,327 6,413,820 5,977,045 Statement of Cash Flows 2004/5 2011/12 Target $ 2003/4 2010/11 Forecast $ Net cash flows from operating activities 1,844,724 2,337,110 (1,739,713) (2,292,114) Net cash flows from investing activities -1,033,356 -2,404,562 (120,000) (2,400,000) Net cash flows from financing activities -1,068,979 -811,802 1,669,539 3,778,504 6. Other Financial Information Information Detailed below is information about specific financial transaction required to be included in the Ownership Agreement by the Public Management and Finance Law 2001(2010 Revision). Transaction Amount for 2004/5 2011/12 $ Equity Investments into the Cayman Islands Monetary Authority 525,000 Development Bank - Capital Withdrawals from the Cayman Islands Monetary Authority. 0 Development Bank - Dividend or Profit Distributions to be made by the Cayman Islands Monetary Authority. 1,810,032 Development Bank - Government Loans to be made to the Cayman Islands Monetary AuthorityDevelopment Bank. 0 - Government Guarantees to be issued in relation to the Cayman Islands Monetary AuthorityDevelopment Bank. 0 8,308,800 Related Party Payments (Non Remuneration) made to Key Management Personnel5 - Remuneration6 Payments made to Key Management Personnel 604,111 425,604 Remuneration Payments made to Senior Management 755,200 362,004 Number for 2004/5 2011/12 No of Key Management Personnel 11 5 No of Senior Management 7 4 5 Key Management Personnel as defined by International Public Accounting Standards No 20, eg Ministerx.x. Xxxxxxxx, Board Member and Senior Management Team 6 Remuneration as defined by International Public Accounting Standards No 20 Par 34(a)
Appears in 1 contract
Samples: Ownership Agreement
Summarised Forecast Financial Statements. A full set of forecast financial statements for the Cayman Islands Monetary Authority National Insurance Company Ltd. is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows. : Operating Statement 2004/5 2009/10 Budget $ 2003/4 2008/9 Estimated Actual $ Revenue 11,279,502 10,381,100 51,237,626 48,992,050 Operating Expenses 9,562,062 8,457,944 50,320,961 47,441,313 Net Surplus/Deficit 1,717,440 1,923,156 916,665 1,550,737 Balance Sheet As at 30 June 2005 2010 $ As at 30 June 2004 2009 - Budget $ Assets 67,975,217 67,583,933 23,365,614 16,192,793 Liabilities 51,390,482 51,431,605 14,645,295 13,394,085 Net Worth 16,584,735 16,152,327 8,720,318 2,798,708 Statement of Cash Flows 2004/5 2009/10 Budget $ 2003/4 2008/9 Estimated Actual $ Net cash flows from operating activities 1,844,724 2,337,110 2,756,444 2,082,277 Net cash flows from investing activities -1,033,356 -2,404,562 (21,000) (48,000) Net cash flows from financing activities -1,068,979 -811,802 0 1,500,000 6. Other Financial Information Information Detailed below is information about specific financial transaction required to be included in the Ownership Agreement by the Public Management and Finance Law 2001(2005 Revision). Transaction Amount for 2004/5 2009/10 $ Equity Investments into Cayman Islands Monetary Authority 525,000 CINICO Capital Withdrawals Withdrawls from Cayman Islands Monetary Authority. 0 CINICO Dividend or Profit Distributions to be made by Cayman Islands Monetary AuthorityCINICO. 1,810,032 Government Loans to be made to Cayman Islands Monetary AuthorityCINICO. 0 Government Guarantees to be issued in relation to Cayman Islands Monetary AuthorityCINICO. 0 Related Party Payments (Non Remuneration) made to Key Management Personnel5 Remuneration6 Personnel10 Remuneration11 Payments made to Key Management Personnel 604,111 Remuneration Payments made to Senior Management 755,200 376,030 Number for 2004/5 2009/10 No of Key Management Personnel 11 No of Senior Management 7 5 3 10 Key Management Personnel as defined by International Public Accounting Standards No 20, eg Ministerx.x. Xxxxxxxx, Board Member and Senior Management Team 6 11 Remuneration as defined by International Public Accounting Standards No 20 Par 34(a)
Appears in 1 contract
Samples: parliament.ky
Summarised Forecast Financial Statements. A full set of forecast financial statements for the Cayman Islands Monetary Authority National Insurance Company Ltd. is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows. : Operating Statement 2004/5 2009/10 Budget $ 2003/4 2008/9 Estimated Actual $ Revenue 11,279,502 10,381,100 51,237,626 48,992,050 Operating Expenses 9,562,062 8,457,944 50,320,961 47,441,313 Net Surplus/Deficit 1,717,440 1,923,156 Balance Sheet 916,665 1,550,737 As at 30 June 2005 $ As at 30 June 2004 Balance Sheet 2010 $ 2009 - Budget $ Assets 67,975,217 67,583,933 23,365,614 16,192,793 Liabilities 51,390,482 51,431,605 14,645,295 13,394,085 Net Worth 16,584,735 16,152,327 8,720,318 2,798,708 Statement of Cash Flows 2004/5 2009/10 Budget $ 2003/4 2008/9 Estimated Actual $ Net cash flows from operating activities 1,844,724 2,337,110 2,756,444 2,082,277 Net cash flows from investing activities -1,033,356 -2,404,562 (21,000) (48,000) Net cash flows from financing activities -1,068,979 -811,802 0 1,500,000 6. Other Financial Information Information Detailed below is information about specific financial transaction required to be included in the Ownership Agreement by the Public Management and Finance Law 2001(2005 Revision). Transaction Amount for 2004/5 2009/10 $ Equity Investments into Cayman Islands Monetary Authority 525,000 CINICO Capital Withdrawals Withdrawls from Cayman Islands Monetary Authority. 0 CINICO Dividend or Profit Distributions to be made by Cayman Islands Monetary AuthorityCINICO. 1,810,032 Government Loans to be made to Cayman Islands Monetary AuthorityCINICO. 0 Government Guarantees to be issued in relation to Cayman Islands Monetary AuthorityCINICO. 0 Related Party Payments (Non Remuneration) made to Key Management Personnel5 Remuneration6 Personnel10 Remuneration11 Payments made to Key Management Personnel 604,111 Remuneration Payments made to Senior Management 755,200 376,030 Number for 2004/5 2009/10 No of Key Management Personnel 11 No of Senior Management 7 5 3 10 Key Management Personnel as defined by International Public Accounting Standards No 20, eg Ministerx.x. Xxxxxxxx, Board Member and Senior Management Team 6 11 Remuneration as defined by International Public Accounting Standards No 20 Par 34(a)
Appears in 1 contract
Samples: www.dlp.gov.ky