Common use of Summarised Forecast Financial Statements Clause in Contracts

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 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 2005/6 $ 2004/5 $ Revenue $22,463,000 $21,803,461 20,147,663 14,191,000 Operating Expenses $18,623,247 $17,256,320 16,224,663 10,722,000 Net Surplus/Deficit $3,839,753 $4,474,283 2,469,000 3,469,000 Balance Sheet As at 30 June As at 30 June 2011 2010 June 2006 2005 $ $ Assets $61,029,019 $57,623,266 99.324,000 44,583,000 Liabilities $8,166,225 $8,600,225 62,125,044 8,225,000 Net Worth $52,862,794 $49,023,041 37,198,956 36,358,000 Statement of Cash Flows 2010/11 Budget 2009/10 Forecast 2005/6 $ 2004/5 $ Net cash flows from operating activities ($1,435,247) ($1,126,718) 3,860,000 7,966,000 Net cash flows from investing activities ($1,117,8323,768,000) $6,281,437 (1,306,000) Net cash flows from financing activities 49,253,000 ($459,000) ($7,464,580401,500)

Summarised Forecast Financial Statements. A full set of forecast financial statements for Cayman Islands Airports Airport Authority is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows: . Operating Statement 2010/11 2006/7 Budget 2009/10 $ 2005/6 Forecast $ $ Revenue $22,463,000 $21,803,461 21,789,328 20,147,663 Operating Expenses $18,623,247 $17,256,320 17,439,408 16,224,663 Net Surplus/Deficit $3,839,753 $4,474,283 2,309,920 2,449,000 Balance Sheet As at 30 June 2007 $ As at 30 June 2011 2010 $ 2006 $ Assets $61,029,019 $57,623,266 96,386,920 96,804,000 Liabilities $8,166,225 $8,600,225 54,806,000 57,533,000 Net Worth $52,862,794 $49,023,041 41,580,920 39,271,000 Statement of Cash Flows 2010/11 2006/7 Budget 2009/10 $ 2005/6 Forecast $ $ Net cash flows from operating activities ($1,435,247) ($1,126,718) 1,682,920 3,840,000 Net cash flows from investing activities ($1,117,8324,000,000) $6,281,437 (3,768,000) Net cash flows from financing activities ($459,000) ($7,464,580)49,253,000 49,253,000

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 2011/12 Target $ 2010/11 Budget 2009/10 Forecast $ $ Revenue $22,463,000 $21,803,461 22,944,448 22,397,258 Operating Expenses $18,623,247 $17,256,320 19,234,631 18,493,258 Net Surplus/Deficit $3,839,753 $4,474,283 3,654,817 4,326,578 Balance Sheet As at 30 June 2012 $ As at 30 June 2011 2010 $ $ Assets $61,029,019 $57,623,266 66,062,372 62,348,253 Liabilities $8,166,225 $8,600,225 10,095,527 10,036,225 Net Worth $52,862,794 $49,023,041 55,966,845 52,312,028 Statement of Cash Flows 2011/12 Target $ 2010/11 Budget 2009/10 Forecast $ $ Net cash flows from operating activities ($1,435,247) ($1,126,718) 9,100,374 10,036,225 Net cash flows from investing activities ($1,117,8326,252,300) $6,281,437 (7,117,832) Net cash flows from financing activities ($459,000) ($7,464,580)0 0 31 2011/12 Ownership Agreements