Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698075101969.pdf (Guyana)
Cheddi Jagan International Airport Corporation 2017 Review FINANCE STATEMENT OF ASSETS & LIABILITIES 20172016ASSETS$$Non Current AssetsProperty, Plant & Equipment 3,873,462,889 3,604,865,005 Intangible Assets6,678,996 13,451,642 Work In Progress499,785,998 286,590,308 Total Non Current Assets4,379,927,883 3,904,906,955 Current AssetsInvestment 354,652,144 294,004,588 Inventories34,177,035 38,771,035 Receivables138,783,360 121,396,507 Cash and Cash Equivalent643,866,513 129,563,449 1,171,479,051 583,735,579 TOTAL ASSETS5,551,406,934 4,488,642,534 EQUITY & LIABILITIESEquityShare Capital: Authorised & Paid-up200,000,000 200,000,000 Revaluation Reserve4,363,275,990 3,847,953,576 Accumulated Net Loss(1,010,267,804) (1,217,698,664) Total Equity3,553,008,186 2,830,254,912 Non Current LiabilitiesGov't/IDB Grants1,502,838,446 1,447,929,746 Deferred Tax Liability21,697,722 - Total Non Current Liabilities1,524,536,168 1,447,929,746 Current LiabilityGovt Grant81,586,250 83,078,324 Tax Liability83,035,422 - Trade & other Payables309,240,907 127,379,551 Total Current Liabilities473,862,580 210,457,875 TOTAL EQUITY & LIABILITIES5,551,406,934 4,488,642,533 FINANCE STATEMENT OF REVENUE & EXPENDITURE 20172016$$OPERATING INCOMERevenueAirport Security Fee705,716,323 400,188,000Income retained by CJIA907,894,541 789,978,650Income remitted to MPI- 68,033,104Interest Earned1,598,523 1,072,808Capital Grant Recognised109,917,864 168,631,4591,725,127,251 1,427,904,021 OPERATING EXPENSESAdministrative592,264,551 480,664,684Operational
 388,999,435 454,019,086Expenses specific to the agency- 66,627,300Depreciation & Ammortisation410,196,368 425,935,108Loss on Disposal of Inventories4,252,510 20,948,959AEP Expenses27,333,489 16,558,070Operating Profit/ (Loss)302,080,898 (36,849,186) NON -OPERATING INCOME/(EXPENSES)Proceeds from Disposal/Sale of Assets- - - (68,033,104)Loss on Disposal of Non Current Assets(17,883,471) (2,438,201)284,197,427 (107,320,491) Rates & Taxes117,235,412 - Net Profit/(Loss) for the Year166,962,015 (107,320,491) Accumulated Loss Brought Forward(1,217,698,665) (1,110,378,173)Adjustment to Prior Year40,468,846 0Accumulated Loss Carried Forward(1,010,267,804) (1,217,698,665) Transferred to MPIThe accompanying notes form an integral part of these financial statement FINANCE CASH FLOW FOR THE YEAR 2017 Year to Date Details YTD Dec'17 BUD YTD Dec'17 ACT BUD vs ACT YTD Dec'16 ACT 2017 vs 2016 Remarks $ $ $ $ $ 251,320,604 242,926,403 (8,394,200) 231,773,755 11,152,648 The variance from budgeted is due to the loss of five(5) air carriers in latter part of 2017 Aeronautical Landing charges Passenger-related charges CUTE Charge Passenger screening charge 336,873,527 300,837,647 58,007,793 54,137,399 (36,035,879) (3,870,394) 291,539,462 53,468,231 Airport Security tax 676,371,880 663,614,943 (12,756,937) 400,773,000 - 9,298,185 The variance from budgeted is due to the loss of five(5) air carriers in latter part of 2017 669,168 262,841,943 Increase over prior year is due to additional $1,000 per ticket.
The variance from budget is due to the cash flow delay since this fee is now included in the cost of the ticket.
Previously this was collected on spot from GRA and remitted to us Other operating aeronautical revenue Ground handling (non- concession) Sub total Non-aeronautical Revenue from concessions,Rental Food and beverage Advertising Fuel and oil Revenue from airport operated activities Car parking -airport owned Property and real estate income or rent Red cap fees Taxi fees 131,198 330,000 198,803 110,250 - 219,750 1,322,705,001 1,261,846,393 (60,858,608) 977,664,698 284,181,695 142,448,151 96,222,210 (46,225,941) 130,835,635 24,981,008 43,073,389 29,238,948 21,487,671 11,384,017 13,081,564 18,092,381 (7,751,277) 1,697,547 23,346,736 26,846,679 10,654,605 - (34,613,425) 19,726,653 Food and beverage concessions shown separately .
Roraima and DDL has outstanding amount of 12m in total.
(5,359,008) Decrease due to removal/relocation of signs 2,426,959 Increase in throughput from fuel farms - 54,510,281 56,433,800 1,923,519 47,602,500 8,831,300 Increase is due to fee increase which was effective July 2016 15,819,736 10,110,143 3,287,020 2,718,328 3,347,630 2,734,069 (5,709,593) (568,692) (613,561) 14,523,159 3,025,000 3,081,000 (4,413,016) There are still outsting payments from various operators (306,672) (346,931) Other revenue from activities undertaken by airport 13,397,759 21,877,225 8,479,466 12,365,947 9,511,278 There was an increase in issuance of ID Cards & Escorts and usage of Conference Room, protocol services.
Also introduction of Vehicle Wheel clamping fee for illegal parking on Airport grounds and the vehicle permit charge.
Release from M.P.I Sub total - 59,225,588 59,225,588 41,240,384 298,414,549 326,963,987 28,549,438 313,521,645 17,985,204 13,442,342 Total Income collected 1,621,119,549 1,588,810,380 (32,309,170) 1,291,186,343 297,624,037 FINANCE CASH FLOW FOR THE YEAR 2017 Details Jan -Dec 2017 Budgeted Jan -Dec 2017 Actual Year to Date Variance from budgeted Jan -Dec 2016 Actual Variance from Actual Remarks Expenditure $ $ $ $ Staffing as at December 2017 amounted to 269 compared to 215 for the corresponding period last year, this reflects an 25% increase.
.We budgeted for recruitment of 5 quality control officers, only 2 were hired.

Staff awards & pension awards were also not done which was budgeted at $5M.

Training was not utilized as budgeted.

Half of the bonus was paid in 2017.

The main reason for the variance from budget is due to the fact that we are undertaking less maintenance projects.

Projects such as repainting of offices , repainting of runway, Apron repairs were not completed.
payment of $211M was made in Jan 2018 Employment Cost 564,134,264 502,213,994 61,920,270 421,708,727 80,505,267 Operating Costs 690,930,368 467,827,590 223,102,778 481,670,382 (13,842,792) Capital Expenditure Contingency - sum set aside for Airport Expansion Contingency - CJIAC Corporation Corporation Tax Strategic /business plans Total Expenditure Surplus/(Deficit) If Electricity was paid in 2016 Adjusted Surplus for 2016 89,600,000 128,203,862 (38,603,862) 200,000,000 50,000,000 - - 200,000,000 50,000,000 12,502,269 12,707,765 (205,496) - - - - - - - - 128,203,862 - - 12,707,765 - 1,607,166,901 1,110,953,211 496,213,690 903,379,109 207,574,102 13,952,649 477,857,169 463,904,520 387,807,234 90,049,935 38,879,850 348,927,384 FINANCE REVENUE COLLECTION Year Revenue Collection $M%200860202009599(0)20106336201174818201211205020131077(4)20141017(6)201511381220161291132017158923Revenue collection as at Dec over the last ten (10) years STATISTICS PASSENGERS • Total Passengers Flown was 592,053 compared to 572,444 in 2016.
This represents a 3% increase from the corresponding period last year.

• International Passenger Arrivals for 2017 was 299,732 or 4% higher than 2016.

STATISTICS VISITORS ARRIVALS & DEPARTURES BY KEY MARKETS STATISTICS AIRLINE MARKET SHARE STATISTICS CARGO • Imported cargo for review amounted to 4,618,973 Kgs compared to 4,053,300 Kgs in 2016, an 14% increase from the corresponding period last year.
the period under • Exports amounted to 3,269,207 Kgs or a 3% increase from that of the corresponding period in 2016 • Total Cargo Processed amounted to 7,888,180 Kgs compared to 7,221,849 Kgs in 2016 STATISTICS INCOMING CARGO BY CATEGORY STATISTICS OUTGOING CARGO BY CATEGORY STATISTICS AIRCRAFT MOVEMENT • International Aircraft Landing was 3,641 a increase of 1% when compared to 2016.
• Jet Aircraft Landings decreased from 3,472 to 3,440, due mainly to the loss of Dynamic, Insel Air, Eastern Airlines and Easy Sky in the latter half of 2017 • Turbo Prop and Smaller type aircraft landing reduced from 456 to 439 due mainly to the decrease in flights by Roraima and Air Services Ltd. .

• Itinerant Landings was 220 compared to 174 in 2016.

AIRLINES COPA AIRLINES COPA flies from GEO to Panama on Tuesdays, Wednesdays, Fridays & Saturday using Boeing 738 and Embraer 90.
Period: Jan – Dec 2017 Flights: 209 Market Share: 9% Passengers Flown : 50,802 AIRLINES CARIBBEAN AIRLINES CAL operates flights to New York, Miami, Trinidad and Toronto using the Boeing 738 aircraft.

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

Period : Jan – Dec 2017 Flights: 1,575 Market Share : 53% Passengers Flown: 314,535 AIRLINES DYNAMIC AIRWAYS Dynamic Airways flew the GEO-JFK-GEO using a Boeing 763 aircraft.
The airline filed for bankruptcy and ceased operation on October 3, 2017.

At the time of departure the statistics were as follows: Period: Jan – Oct 3, 2017 Flights: 166 Market Share: 10% Passengers Flown : 58,337 AIRLINES FLY JAMAICA Jamaica flies to JFK, KIN and YYZ using Boeing 763 and 752 aircrafts Period: Jan – Dec 2017 Flights: 331 Market Share: 13% Passengers Flown: 77,111 AIRLINES EASTERN AIRLINES Eastern Airlines flew to JFK with a B738 aircraft.

The Airline ceased operations on 26 April 2017.
At the time of departure, the statistics were as follows: Flights: 37 Market Share: 1% Passengers Flown : 5,696 AIRLINES INSEL AIR Insel Air operated between June 2014 and March 3, 2017 Period: Jan – March 3, 2017 Flights : 32 Market Share: 0% Passengers Flown In 2017: 1,793 AIRLINES SURINAM AIRWAYS Surinam Airways continues to provide service on the Tuesday, on Paramaribo/Georgetown/Miami Thursday and Saturday using Boeing 733 & 738. route Period: Jan – Dec 2017 Flights: 390 Market Share : 4% Passengers Flown: 22,711 AIRLINES FLY ALWAYS Fly Always commenced operations in August 2016 and ceased on July 12, 2017.They operated on Thursdays & Saturdays using a F70 aircraft.
Period : Jan– July 2017 Flights : 11 Market Share: 0% Passengers Flown : 308 AIRLINES EASY SKY Easy Sky plied the GEO-MUHA route using the Boeing 735 & 732 aircraft.

The Airline ceased operations on September 14, 2017 At the time of their departure, the statistics were as follows: Period: Jan – Sept. 2017 Flights: 230 Market Share : 5% Passengers Flown : 31,281 AIRLINES ARUBA AIRLINES Aruba Airlines plies the GEO-TNCA, GEO-MUHA routes with daily flights using Airbus A320.
Period: Aug – Dec 2017 Flights: 112 Market Share: 5% Passengers Flown: 28,573 COMMERCIAL CAR RENTAL SERVICE Passengers arriving at the Airport can now benefit from Car Rental Services being provided by Massy and Sixt Car Rental.

Massy commenced operations on 19th December 2017 while Sixt Car Rental will offer their service in January 2018.

COMMERCIAL DUTY FREE CONCESSION T. Wee Duty Free, operated by Ansa McAl Trading Ltd., opened their doors on 24th February.
Passengers now have access to a larger variety of Duty Free alcohol and perfumes OPERATIONS PASSENGER FACILITATION • Effective February 1, 2017 the Airport Security Fee was included in the cost of the ticket and the operations of the GRA tax booth ceased.
This development made the passenger journey at departure one step shorter OPERATIONS EMERGENCY EXERCISE The Cheddi Jagan International Airport Corporation (CJIAC) staged a Full Scale Emergency Exercise on the 08th November, 2017 during the evening on the Aerodrome.
from key agencies The Exercise, which commenced at 18:44 hours and concluded at 20:21 hours, involving approximately Three Hundred (300) the Cheddi Jagan persons International Airport Corporation, Guyana Defence Force, Guyana Police Force, Airport Fire Service, Airport Security Unit, Airline Defence Public Health, Representatives and the Guyana Civil Aviation Authority.

Commission, such as Civil OPERATIONS EMERGENCY EXERCISE Cont.

OPERATIONS EMERGENCY EXERCISE Cont.

OPERATIONS EMERGENCY EXERCISE Cont.


OPERATIONS AERODROME CERTIFICATION The GCAA conducted an inspection of the CJIAC operations and was pleased with the operations, hence, the Aerodrome was certified.

It was noted CJIAC was found to be in compliance with all the required regulations.

OPERATIONS RUBIS New Facility Was Constructed at a cost of 2.5 Million UD Dollars TRAINING INSTRUCTOR TRAINING Ten Personnel (10) from the Aviation Security Division successfully completed an Instructor’s Training program.
The program which is sanctioned by the Guyana Civil Aviation Authority, prepares new instructors to deliver initial and recurrent training in the areas of Security Awareness, Security Screening Certification and other supplementary courses.

TRAINING OTHER SECURITY TRAINING Also during 2017 six hundred and fifty-six (656) persons received training from the Cheddi Jagan International Airport training department.
Below is a list of the various training programs: • Explosive Trace Detector Training Program- 65 Participants • Security Awareness- 413 Participants • Screener Certification Training - 49 Participants • Screeners Re-Certification Training- 75 Participants • Security Induction- 31 Participants • Remedial Training- 23 Participants SECURITY RECOVERY OF MISSING ITEMS • A total of thirty-three (33) missing items belonging passengers were recovered and handed over to their owner, with the assistance of Closed Circuit Television System.
• These items include luggage, cell phones, passports and other personal property that were inadvertently left at the screening checkpoint or picked up by other passengers in the Departures and Arrivals Terminal.

SECURITY ETD MACHINES In March 2017, the Aviation Security Division introduced Explosive Trace Detector machines for screening of departing passengers.
The machines are used to screen selectee (SSSS) and randomly selected passengers for traces of explosives and narcotic substances on their person, clothing and cabin baggage.

SECURITY PROCUREMENT OF WALK THROUGH METAL DETECTOR The L-3/Garrett PD 6500i Walk Through Metal Detector was Purchased to provide additional screening at the Airport.
SECURITY Installation of CCTV Cameras Cameras being installed at Arrival Area Camera at Custom Exit This work was conducted by a contracted firm being supervise by the IT department during the month of February 2017.

SECURITY GATE 1 LOCATION TO MAIN TERMINAL BUILDING Installation of CCTV Cameras for the Gate 1 location of airport – This was needed to provide additional surveillance for CJIA Monitoring Room.
The project was completed during the month of April 2017 SECURITY PUBLIC CAR PARK This project for CCTV surveillance has commenced during the month in review and expected to be completed in November 2017.

OTHER ACTIVITIES SCHOOL TOURS Over 3,000 students from 29 schools visited the airport during 2017.
OTHER ACTIVITIES SCHOOL TOURS OTHER ACTIVITIES Celebrating Emancipation At The Airport On August 1, 2017, the management of CJIAC treated arriving passengers to African treats in observance of Emancipation Day - a national holiday in Guyana.

Fly Jamaica, Suriname Airways and Dynamic Airways passengers were given samples of mauby drink, cassava pone and coconut buns.
OTHER ACTIVITIES DIWALI OBSERVANCE On October 18, arriving passengers were greeted to the pulsating sound of tassa drums and sweet meats as the airport celebrated Diwali – the festival of lights.

The annual event as usual was a treat to the passengers.

OTHER ACTIVITIES CJIAC ANNUAL BLOOD DRIVE Employees of the Airport donated twenty three (23) units of blood to the Blood Bank during its 2017 exercise.

Forty seven (47) units of blood was donated in 2016.
2018 PROJECTS • Completion of Airport Expansion Project • New CJIAC Website • Procurement of Checked Baggage, Cabin Baggage and Cargo Scanner • Lighted Aerodrome Signs • Repairs to several Taxiways • Install Additional Perimeter Lighting • Automated Car Parking System THANK YOU!