Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698075182665.pdf (Guyana)
Ann [Pick the date] Cheddi Jagan International Airport Corporation Annual Report January-December 2020 1.

COMPANY MISSION To Provide an airport that is safe, efficient, financially viable and user friendly while providing a quality service that meets and exceeds all required international standards.

2.

COMPANY VALUES • Integrity • Professionalism • Safety • Service • Shared Purpose • Stewardship of Resources • Partnership 3.
PERIOD OF REVIEW Please find below performance review of the Cheddi Jagan International Airport Corporation for the period January to December 2020.

CJIAC’S YEAR REVIEW 4.

Summary of Performance The Airport was negatively impacted by the COVID 19 pandemic, the closure during the period March -October 2020 effectively wiped out 80% of the Corporation’s income.

Consequently, a number of cost cutting measures were implemented to cushion the financial impact.
Since the Airport’s reopening in October 2020, the focus has been more on ensuring that all health and safety measures are met to restore confidence in air travel.

Measures include: • Installation of sinks throughout the terminal • Installation of signage and social distancing markers • Implementation of temperature testing on arrivals and departures • Availability of PPE’s for all staff • Training to equip staff in dealing with the public CJIAC’S YEAR REVIEW 5.
STATEMENT OF ASSETS & LIABILITIES CHEDDI JAGAN INTERNATIONAL AIRPORT CORPORATION STATEMENT OF FINANCIAL POSITION AS AT Dec 31st, 2020 ASSETS Non Current Assets Property, Plant & Equipment Intangible Assets Work In Progress Other Financial Assets Current Assets Investment (BCM a/c) Inventories Deposit on Asset A/C Deferred Tax Trade and other Receivables Cash and Cash Equivalent 2020 G$ 2019 G$ 3,149,862,726 721,823 872,510,205 50,684,1 88 4,073,778,942 2,002,612,102 45,951,422 364,998,181 51,834,753 199,217,765 855,422,731 3,520,036,954 3,197,616,963 3,287,360 807,533,216 - 4,008,437,539 2,117,780,308 42,789,377 385,556,070 840,460,61 4 3,386,586,369 Total Assets 7,593,815,896 7,395,023,908 EQUITY & LIABILITIES Equity Share Capital Revaluation Reserve Accumulated Profit/(Loss) Non Current Liability Government Grant Long Term portion of Loan Deferred Tax Liability Current Liabilities Current Portion of Loan Trade & other Payables 200,000,000 4,165,398,622 601 ,323,31 3 4,966,721,935 1,927,990,491 12,500,000 - 1 ,940,490,491 200,000,000 4,356,426,514 445,795,551 5,002,222,065 1,531,025,492 22,500,000 1 4,625,042 1 ,568,1 50,534 10,000,000 676,603,470 686,603,470 10,000,000 81 4,651 ,309 824,651 ,309 Total Equity and Liabilities 7,593,815,896 7,395,023,908 CJIAC’S YEAR REVIEW 6.
STATEMENT OF REVENUE AND EXPENDITURES CHEDDI JAGAN INTERNATIONAL AIRPORT CORPORATION STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED DECEMBER 31, 2020 Operating Income Revenue Airport Security Fee Airport Income Interest Earned Grant Income Recognised Operating Expenses Administrative Operational Financial Expense Depreciation and Amortisation Stock Write Back Operating Profit Non Operating Income/Expenses G $ 2020 G $ 2019 376,946,600 954,505,893 14,021,410 8,389,951 1,353,863,854 768,776,693 463,278,082 2,601,313 204,955,205 (552,234) 1,213,935,800 2,317,851,089 8,468,401 64,360,398 3,604,615,688 797,559,678 485,037,073 2,654,222 429,424,343 (43,521) 1,439,059,058 (85,195,205) 1,714,631,795 1,889,983,893 Gain/ (Loss) on Disposal of Property Plant and Equi p Exchange Gain Loss on Disposal of Intangible Assets 65,381,206 (1,643,354) 10,250,358 659,501 (451,300) Net Profit before Taxation 63,737,852 (148,933,056) 10,458,559 1,900,442,452 Taxation 22 (41,281,643) 573,108,274 Net Profit for the Year (107,651,413) 1,327,334,178 Other Comprehensive Income Item that will not be reclassified subsequently to profit or loss Gain on Revaluation of Property, Plant and Equipment - 39,601,195 Total Comprehensive Income for the Year (107,651,413) 1,366,935,373 "The notes form an integral part of these financial statements" CJIAC’S YEAR REVIEW 7.
CASH FLOW FOR THE YEAR 2020 CJIAC’S YEAR REVIEW 8.

STATISTICS I.

PASSENGER STATISTICS There were 254,224 arriving passengers less in 2020 when compared to 2019. International Passenger Arrivals for 2020 was 94,533 or 73% lower than 2019.

Total Passengers travelled were 182,736 compared to 657,433 in 2019.

This represents a 73% decrease from the corresponding period last year.

The decline is as a result of the Airport’s closure during the period March- October 2020, due to the COVID 19 pandemic.
350,000 300,000 250,000 200,000 150,000 100,000 50,000 - Arrival 2016-2020 International Arrivals 324,220 346,757 287,549 299,732 94,533 2016 287,549 2017 299,732 2018 324,220 2019 346,757 2020 94,533 CJIAC’S YEAR REVIEW 2016 - 2020 Passenger Movements 4 4 4 , 2 7 5 3 5 0 , 2 9 5 9 4 5 , 7 8 2 5 9 8 , 4 8 2 2 3 7 , 9 9 2 1 2 3 , 2 9 2 3 4 1 , 0 3 6 3 3 4 , 7 5 6 0 2 2 , 4 2 3 3 2 9 , 5 0 3 7 5 7 , 6 4 3 6 7 6 , 0 1 3 2016 287,549 284,895 572,444 2017 299,732 292,321 592,053 2018 324,220 305,923 630,143 2019 346,757 310,676 657,433 700,000 600,000 500,000 400,000 300,000 200,000 100,000 - Arrival Departure Total 6 3 7 , 2 8 1 3 3 5 , 4 9 3 0 2 , 8 8 2020 94,533 88,203 182,736 II.
CARGO STATISTICS Imported cargo for the period under review amounted to 5,424,348 Kgs compared to 5,418,941 Kgs in 2019.

Exports amounted to 595,573 Kgs or a 21% decrease over the corresponding period.

Total Cargo Processed amounted to 7,657,259 Kgs compared to 8,247,425 Kgs in 2019, a decline of 7%.
CJIAC’S YEAR REVIEW Cargo Movement by Kilograms(KG) Cargo Movements (KG) 8,247,425 7,657,259 5,418,941 5,424,348 2,828,484 2019 5,418,941 2,828,484 8,247,425 2,232,911 2020 5,424,348 2,232,911 7,657,259 9,000,000 8,000,000 7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 - Incoming Outgoing Total CJIAC’S YEAR REVIEW Incoming Cargo by Category as at December 2020 1,615,537 1,130,792 1,146,283 686,244 662,185 32,521 149,936 Outgoing Cargo by Category as at December 2020 1,355,145 500,638 3,709 244,147 15,164 42,235 71,873 Kg 1,700,000 1,500,000 1,300,000 1,100,000 900,000 700,000 500,000 300,000 100,000 Kg 1,400,000 1,300,000 1,200,000 1,100,000 1,000,000 900,000 800,000 700,000 600,000 CJIAC’S YEAR REVIEW III.
AIRCRAFT MOVEMENT International Aircraft Landing was 1,648 a decrease of 638% when compared to 2019.

Jet Aircraft Landings decreased from 3,670 to 1,648.

The decrease is due mainly to the closure of the Airport during the period March-October 2020.

Turbo Prop and Smaller type aircraft landing Increased from 572 to 573.

Itinerant Landings was 194 compared to 184 in 2019 COPA AIRLINES COPA flies from GEO to Panama using Boeing 738.
Period: Jan – Dec 2020 Flights: 91 Market Share: 10% Passengers Flown: 17,871 CARIBBEAN AIRLINES CAL operates flights to New York, Miami, Trinidad and Toronto using the Boeing 738 & AT76 aircraft.

Caribbean Airlines continues to be the largest player in the market.

Period: Jan – Dec 2020 Flights: 590 Market Share: 37% Passengers Flown: 66,91 CJIAC’S YEAR REVIEW SURINAM AIRWAYS Surinam Airways continues to provide service on the Paramaribo/Georgetown/Miami route using Boeing 737.
Period: Jan – Dec 2020 Flights: 105 Market Share: 2% Passengers Flown: 3,466 ARUBA AIRLINES Aruba Airlines flies the GEO-TNCA, GEO-MUHA using Airbus A320.

Period: Jan – Mar 2020 Flights: 30 Market Share: 4% Passengers Flown: 8,019 CJIAC’S YEAR REVIEW AMERICAN AIRLINES American Airlines flies the MIA-GEO/JFK-GEO route using Boeing B738.

Period: Jan – Dec 2020 Flights: 206 Market Share: 26% Passengers Flown: 47,765 JETBLUE Jetblue Airways flies the MIA-GEO/JFK-GEO route using Airbus A21N.
Period: Dec 2020 Flights: 12 Market Share: 1% Passengers Flown: 2,714 EASTERN AIRLINES Eastern Airlines flies the MIA-GEO/JFK-GEO route using Airbus A21N.

Period: March - Dec 2020 Flights: 95 Market Share: 13% Passengers Flown: 23,703 CJIAC’S YEAR REVIEW 9.

STAFF NUMBERS The Corporation had a total of 277 employees as at December 2020; 10.
TRAININGS A total of twelve (12) employees benefited from External training in 2020, details below: No Training Title Hosted By No of Employees 1 2 Improving Effective Customer Service Conducting Effective Staff Appraisals CAGI CAGI 6 6 CJIAC’S YEAR REVIEW Five Hundred and Ninety-four (594) persons completed security training for various security training programs.
Training Type Number of Person # 1 2 3 4 Security Awareness Security Induction Screener Certification Screener Re-certification 5 ACI Human Trafficking 6 7 Smith’s Detection Equipment Training Identification of Imposters and Fraudulent Documents – US Embassy Total 276 5 30 104 87 60 32 594 11.

PROHIBITED ITEMS SEIZED Eleven Thousand, four hundred and seven four (11474) prohibited items were confiscated at the main screening check point.
These items included: • Blades • Knives • Liquid (above 100ml) • Power substances such as Masala, Curry Powder, Baking Power (350 gram are permitted) • Sharp objects CJIAC’S YEAR REVIEW 12.

RECOVERED ITEMS Twenty-five (25) items misplaced by passengers were recovered.

These items included: • Cellphones • Luggage • Passport • Tablets 13.
OTHER MATTERS Implementation of the Sustainable Development Goals: CJIA Corporation has taken the following steps towards the Low Carbon Development Strategy (LCDS) ✓ Procurement of energy-efficient equipment ✓ Implementation of initiatives to promote a paperless office ✓ Long term plan to incorporate solar power in its operations Cost Efficiency Measures The following changes have been made to ensure that expenditures are reduced and closely monitored: ✓ Move to a paperless office to save cost on stationery ✓ Review of Organization Structure to maximize the use of our human resources ✓ Close monitoring of individual line items of expenditure ✓ Implementation of Energy Efficient Equipment throughout the Terminal CJIAC’S YEAR REVIEW Update on Financial Audit Audit report was issued up to the year ended 31 December 2019.
The interim audit for 2020 was also completed, the final audit for 2020 is expected to be completed during the first half of the year,2021.

AHA Certification The Cheddi Jagan International Airport received the Airport Health Accreditation (AHA) certification in October 2020.
The certification is a testimony to the Airport’s commitment to prioritizing health and safety measures in accordance with ICAO council restart task force (CART) recommendations and in alignment with the Airport Council International’s(ACI) aviation business restart and recovery guidelines.

RAMESH GHIR Chief Executive Officer CJIAC’S YEAR REVIEW