Summarised Forecast Financial Statements Clause Samples

Summarised Forecast Financial Statements. A full set of forecast financial statements for Cayman Airways Limited is provided in the Appendix to this Ownership Agreement. OPERATING STATEMENT 2013/14 TARGET $ 000's 2012/13 FORECAST $ 000's REVENUE 72,513,978 68,688,749 OPERATING EXPENSES 72,496,231 74,740,237 NET SURPLUS/DEFICIT 17,746 -6,046,912 BALANCE SHEET AS AT JUNE 2014 $ 000's AS AT JUNE 2013 $ 000's ASSETS 22,089,210 21,043,145 LIABILITIES 75,632,858 79,704,539 NET WORTH -53,543,648 -58,661,394 STATEMENT OF CASH FLOW 2013/14 TARGET $ 000's 2012/13 FORECAST $ 000's CASH FLOWS FROM OPERATING ACTIVIITES 2,158,860 4,166,945 CASH FLOWS FROM INVESTING ACTIVIITES -3,766,140 -2,494,293 CASH FLOWS FROM FINANCING ACTIVIITES 1,262,988 5,825,480 Detailed below is information about specific financial transaction required to be included in the Ownership Agreement by the Public Management and Finance Law (2012 Revision). TRANSACTION AMOUNT FOR 2013/14 $ Equity Investments into Cayman Airways Limited 1,600,000 Capital Withdrawals from Cayman Airways Limited. 0 Dividend or Profit Distributions to be made by Cayman Airways Limited. 0 Government Loans to be made to Cayman Airways Limited. 0 Government Guarantees to be issued in relation to Cayman Airways Limited. Up to CI$19M for CIG approved borrowing to address informal debt (possible) Related Party Payments (Non Remuneration) made to Key Management Personnel 0 Remuneration payments made to key Management Personnel 728,000 Remuneration Payments made to Senior Management 1,280,000 NUMBER FOR 2013/14 Number of Key Management Personnel 9 Number of Senior Management 14

Summarised Forecast Financial Statements. A full set of forecast financial statements for Cayman Islands Airports Authority is provided in the Appendix to this Ownership Agreement. OPERATING STATEMENT 2014/15 TARGET $ 000's 2013/14 FORECAST $ 000's REVENUE 28,524,393 27,124,936 OPERATING EXPENSES 20,592,325 21,877,468 NET SURPLUS/DEFICIT 7,932,068 5,247,468 BALANCE SHEET AS AT JUNE 2015 $ 000's AS AT JUNE 2014 $ 000's ASSETS 84,536,904 76,953,692 LIABILITIES 8,087,003 8,801,175 NET WORTH 76,449,905 70,435,527 STATEMENT OF CASH FLOW 2014/15 TARGET $ 000's 2013/14 FORECAST $ 000's CASH FLOWS FROM OPERATING ACTIVIITES 9,328,573 7,098,086 CASH FLOWS FROM INVESTING ACTIVIITES -2,977,055 -1,159,268 CASH FLOWS FROM FINANCING ACTIVIITES -35,764 -33,020

Summarised Forecast Financial Statements. A full set of forecast financial statements for Auditors Oversight Authority is provided in the Appendix to this Ownership Agreement. OPERATING STATEMENT 2013/14 TARGET $ 000's 2012/13 FORECAST $ 000's REVENUE 325,000 340,000 OPERATING EXPENSES 315,817 340,000 NET SURPLUS/DEFICIT 9,183 0 BALANCE SHEET AS AT JUNE 2014 $ 000's AS AT JUNE 2013 $ 000's ASSETS 277,157 135,000 LIABILITIES 35,000 NET WORTH 77,157 100,000 STATEMENT OF CASH FLOW 2013/14 TARGET $ 000's 2012/13 FORECAST $ 000's CASH FLOWS FROM OPERATING ACTIVIITES 9,183 38,625 CASH FLOWS FROM INVESTING ACTIVIITES 0 (25,000) CASH FLOWS FROM FINANCING ACTIVIITES 9,183 100,000

Summarised Forecast Financial Statements. A full set of forecast financial statements for the Cayman Islands National Insurance Company Ltd. is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows. Operating Statement 2007/8 Budget $ 2006/7 Forecast $ Revenue 34,741,262 30,263,264 Operating Expenses 34,608,800 30,428,263 Net Surplus/Deficit 132,462 (164,999) Balance Sheet As at 30 June 2008 $ As at 30 June 2007 $ Assets 11,081,982 9,302,154 Liabilities 10,497,733 9,350,368 Net Worth 584,248 (48,213) Statement of Cash Flows 2007/8 Budget $ 2006/7 Forecast $ Net cash flows from operating activities 801,673 1,920,761 Net cash flows from investing activities (59,000) (13,160) Net cash flows from financing activities 500,000 4,000,000

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 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)

Summarised Forecast Financial Statements. A full set of forecast financial statements for Cayman Islands Airports Authority is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows: Operating Statement 2010/11 Budget 2009/10 Forecast $ $ Revenue $22,463,000 $21,803,461 Operating Expenses $18,623,247 $17,256,320 Net Surplus/Deficit $3,839,753 $4,474,283 Balance Sheet As at 30 June As at 30 June 2011 2010 $ $ Assets $61,029,019 $57,623,266 Liabilities $8,166,225 $8,600,225 Net Worth $52,862,794 $49,023,041 Statement of Cash Flows 2010/11 Budget 2009/10 Forecast $ $ Net cash flows from operating activities ($1,435,247) ($1,126,718) Net cash flows from investing activities ($1,117,832) $6,281,437 Net cash flows from financing activities ($459,000) ($7,464,580)

Summarised Forecast Financial Statements. A full set of forecast financial statements for Cayman Airways Limited is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows. Operating Statement 2011/12 Target $ 2010/11 Forecast $ Revenue 63,383,772 61,483,587 Operating Expenses (64,696,863) (63,783,302) Net Surplus/Deficit (1,313,091) (2,299,715) Balance Sheet As at 30 June 2012 $ As at 30 June 2011 $ Assets 40,661,964 35,876,049 Liabilities 86,169,050 85,170,044 Net Worth (45,507,086) (49,293,995) Statement of Cash Flows 2011/12 Target $ 2010/11 Forecast $ Net cash flows from operating activities 1,874,876 (3,671,663) Net cash flows from investing activities (6,426,400) (226,800) Net cash flows from financing activities 1,979,741 2,489,347 11 2011/12 Ownership Agreements

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 2006/7 $ Estimated Actual 2005/06 $ Revenue 3,186,176 2,337,872 Operating Expenses 2,944,281 2,115,500 Net Surplus/Deficit 241,895 222,372 Balance Sheet As at 30 June 2007 $ As at 30 June 2006 $ Assets 26,331,180 19,400,511 Liabilities 19,629,277 12,940,503 Net Worth 6,701,903 6,460,008 Statement of Cash Flows 2006/7 $ 2005/6 $ Net cash flows from operating activities 84,836 251,515 Net cash flows from investing activities (8,903,536) (5,657,975) Net cash flows from financing activities 6,719,277 (31,441)

Summarised Forecast Financial Statements. A full set of forecast financial statements for the Cayman Islands Monetary Authority 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 10,499,327 Operating Expenses 8,731,340 Net Surplus/Deficit 1,767,986 Balance Sheet As at 30 June 2004 $ Assets 68,949,633 Liabilities 52,993,799 Net Worth 15,955,833 Statement of Cash Flows For the Year Ending 30 June 2004 $ Net cash flows from operating activities 1,503,939 Net cash flows from investing activities -1,829,028 Net cash flows from financing activities -285,684