Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698075056163.pdf (Guyana)
Cheddi Jagan International Airport Corporation 2018 Annual Report STATEMENT OF ASSETS & LIABILITIES FINANCE ASSETSG $ 2018G $ 2017Non Current AssetsProperty, Plant and Equipment 3,504,916,403 3,873,462,889 Intangible Assets7,309,274 6,678,995 Work-in-Progress541,543,095 499,785,998 Other Financial Asset50,000,000 - Total Non Current Assets4,103,768,772 4,379,927,882 Current AssetsInvestment912,783,500 354,652,144 Inventories39,610,098 34,177,035 Trade and Other Receivables130,500,900 138,783,363 Cash and Cash Equivalent326,654,540 643,866,512 Total Current Assets 1,409,549,038 1,171,479,054 Total Assets5,513,317,810 5,551,406,936 EQUITY AND LIABILITIESEquityShare Capital200,000,000 200,000,000 Revaluation Reserve4,361,778,207 4,363,275,954 Accumulated Deficit (809,327,286) (1,010,267,763) Total Equity3,752,450,921 3,553,008,191 Non Current LiabilitiesGovernment Grants1,371,025,492 1,502,838,446 Deferred Tax18,457,616 21,697,721 Loan32,500,000 - 1,421,983,108 1,524,536,167 Current LiabilitiesGovernment Grants81,586,250 81,586,250 Loan10,000,000 - Trade and Other Payables155,806,200 309,240,904 Taxation91,491,331 83,035,424 Total Current Liabilities338,883,781 473,862,578 Total Equity and Liabilities 5,513,317,810 5,551,406,936 STATEMENT OF REVENUE & EXPENDITURE FINANCE Operating IncomeG $ 2018G $ 2017RevenueAirport Security Fee756,195,000 705,716,323 Airport Income960,725,668 907,894,541 Interest Earned3,389,965 1,598,523 Grant Income Recognised132,019,009 109,917,864 1,852,329,642 1,725,127,251 Operating
 Expenses Administrative729,985,706 592,264,543 Operational 412,366,061 388,999,436 Financial Expense2,379,949 - Depreciation and Amortisation422,423,614 410,196,334AEP Expenses- 27,333,489 Stock Write Back(6,706,734) 4,252,510 1,560,448,596 1,423,046,312 Operating Profit291,881,046 302,080,939 Non Operating Income/Expenses Loss on Disposal of Property Plant and Equipment2,646,481 14,531,436Exchange Gain(19,439) - Loss on Disposal of Intangible Assets- 632,890 Impairment of Property Plant and Equipment- 2,719,144 2,627,042 17,883,470 Net Profit before Taxation289,254,004284,197,469Taxation89,811,273 117,235,415 Net Profit for the Year199,442,730 166,962,054 Other Comprehensive IncomeItem that will not be reclassified subsequently to profit or lossGain on Revaluation of Property, Plant and Equipment- 555,791,224Total Comprehensive Income for the Year199,442,730 722,753,278 CASH FLOW FOR THE YEAR 2018 FINANCE Details Jan - Dec 2018 Budgeted Jan - Dec 2018 Actual Variance from budgeted Jan - Dec 2017 Actual 2017 vs 2018 $ $ $ $ $ Remarks Year to Date Aeronautical Aircraft-related charges Landing charges Passenger-related charges CUTE Charge Passenger screening charge Airport Security Fee Other passenger-related charges (Boarding Bridges) Other operating aeronautical revenue Ground handling (non- concession) Sub total 252,716,270 238,663,431 (14,052,839) 242,926,403 (4,262,972) 302,349,787 316,604,425 14,254,638 300,837,647 15,766,778 54,410,879 57,292,083 2,881,204
 54,137,399 3,154,684 658,124,701 763,340,000 105,215,298 663,614,943 99,725,056 This decrease is due to the decline in International Landings .
Four carriers exited the market during late 2017-2018.

Fly Jamaica also temporarily suspended operations since the crash landing More Stringen method of debt collection.
Letters were sent to airlines and payments were received Decrease due to non payment by Fly Jamaica Airline for Oct'2018 Increase is mainly due to the strict debt collection days (7 days) and advance payments from CAL and Aruba along with a 13208 increase in passanger - 11,988,996 11,988,996 - 11,988,996 PBB Fees introduced in Oct 2018 330,000 - (330,000) 330,000 (330,000) 1,267,931,638 1,387,888,935 119,957,297 1,261,846,393 126,042,542 Income Collected for Jan-SEPT 20018vs 2017 CASH FLOW FOR THE YEAR 2018 FINANCE Details Jan - Dec 2018 Budgeted Jan - Dec 2018 Actual Variance from budgeted Jan - Dec 2017 Actual 2017 vs 2018 Remarks $ $ $ $ $ Year to Date 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 Other revenue from activities undertaken by airport Release from M.P.I Sub total Total Income collected 85,875,288 87,925,138 2,049,850 96,222,210 (8,297,072) 41,700,257 84,759,271 43,059,014 43,073,389 41,685,882 20,887,072 26,128,051 5,240,979 21,487,671 4,640,380 13,804,981 10,537,397 (3,267,584) 13,081,564 (2,544,167) Decrease due to airport expansion and the cease in operation by DDL Bar, Cellwork, Nasir and Nasir This is due to additional concession fee received from various Operators, due to minimum guarantee on Revenue.
Received from Massy Industries, Massy Security, New Era, Copa and Oasis More Stringen method of debt collection This decrease is due to the loss of 4 carriers in 2018 compared to 2017.
Eastern Airlines 14 September 2018 and Easy Sky March 17'2017 57,851,813 64,364,044 6,512,231 56,433,800 7,930,244 9,485,613 11,040,759 1,555,146 10,110,143 930,616 2,840,523 2,851,335 10,812 2,718,328 133,007 2,848,164 2,457,463 (390,701) 2,734,069 (276,606) 21,539,174 19,995,562 (1,543,612) 21,877,225 (1,881,663) 256,832,885 310,059,018 53,226,133 326,963,987 42,320,619 1,524,764,523 1,697,947,954 173,183,431 1,588,810,380 168,363,162 59,225,588 FINANCE CASH FLOW FOR THE YEAR 2018 Year to Date Details Jan - Dec 2018 Budgeted Jan - Dec 2018 Actual Variance from budgeted Jan - Dec 2017 Actual 2017 vs 2018 Remarks $ $ $ $ Expenditure Employment Cost Operating Costs Capital Expenditure Corporation Tax Total Expenditure Surplus/(Deficit) 710,299,312 622,493,936 (87,805,375) 502,213,994 120,279,943 690,991,765 452,347,691 (238,644,074) 467,827,590 (15,479,899) 114,430,906 48,919,482 (65,511,424) 128,203,862 (79,284,380) 52,000,000 83,905,481 31,905,481 12,707,765 71,197,716 1,567,721,982 1,207,666,590 (360,055,392) 1,110,953,211 96,713,380 (42,957,460) 490,281,363 533,238,823 477,857,169 12,424,194 Staffing as at December 2018 amounted to 274 compared to 269 for the corresponding period last year.
Also there was a salary increase for the public sector effective Nov 2017 which caused December 2018 to be higher than December 2017.

Variance from budget are 2 pick ups ($25m) / Cargo Scanning Machine ($50m) / Large Bus ($20m) not purchased CT assesed at $55m for 2017 and paid $13m in 2017.

Difference of $42m paid in 2018 plus advance payment of $28m for 2018.
FINANCE REVENUE COLLECTION • The Airport Corporation collected Revenues in excess of G$1.6Bln for 2018; this represents a 5% increase in revenues over 2017.

Below is a table of the Income collected over the past seven (7) years: FINANCE EXPENDITURE Expenditure for 2018 is $1,205M as compared to the $1,111M in 2017.

This increase can be attributed to maintenance and operational costs for the new arrival's terminal, inclusive of the boarding bridges.
STATISTICS PASSENGERS • Total Passengers Flown was 632,062 compared to 592,053 in 2017.

This represents a 7% increase from the corresponding period last year.

• International Passenger Arrivals for 2018 was 325,800 or 9% higher than 2017.

STATISTICS VISITORS ARRIVALS & DEPARTURES BY KEY MARKETS STATISTICS AIRLINE MARKET SHARE STATISTICS CARGO • Imported cargo for review amounted to 5,642,448 Kgs compared to 4,618,973 Kgs in 2017, an 22% increase from the corresponding period last year.
the period under • Exports amounted to 2,561,717 Kgs or a 22% decrease from that of the corresponding period in 2018.

• Total Cargo Processed amounted to 8,204,165 Kgs compared to 7,888,180 Kgs in 2017 STATISTICS CARGO BY CATEGORY STATISTICS AIRCRAFT MOVEMENT • International Aircraft Landing was 3,566 a decrease of 1.2% when compared to 2017.

• Jet Aircraft Landings decreased from 3,349 to 3,387.
The decline is due mainly to Fly Jamaica’s temporarily suspending operations as a result of a crash landing in November 2018 • Turbo Prop and Smaller type aircraft landing reduced from 641 to 585.

• Itinerant Landings was 217 compared to 224 in 2017 AIRLINES COPA AIRLINES COPA flies from GEO to Panama on Tuesdays, Wednesdays, Fridays, Saturday & Sunday using Boeing 738 and Boeing 737.
Period: Jan – Dec 2018 Flights: 211 Market Share: 8% Passengers Flown : 54,170 AIRLINES CARIBBEAN AIRLINES CAL operates flights to New York, Miami, Trinidad, Cuba and Toronto using the Boeing 738 aircraft.

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

Period : Jan – Dec 2018 Flights: 1,782 Market Share : 58% Passengers Flown: 364,980 AIRLINES FLY JAMAICA Jamaica flies to JFK, KIN and YYZ using Boeing 763 and 752 aircrafts.
Period: Jan – Nov 2018 Flights: 312 Market Share: 14% Passengers Flown: 85,823 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 2018 Flights: 344 Market Share : 4% Passengers Flown: 23,911 AIRLINES ARUBA AIRLINES Aruba Airlines flies the GEO-TNCA, GEO-MUHA routes with daily flights using Airbus A320 & A321.
Period: Aug – Dec 2018 Flights: 366 Market Share: 15% Passengers Flown: 95,617 AIRLINES • AMERICAN AIRLINES • American Airlines flies the MIA-GEO route with Mondays, Wednesdays, Friday and Sundays flights using Airbus A319.

American Airlines commenced operations in Guyana on November 15th 2018.
• Period: Nov – Dec 2018 • Flights: 27 • Market Share: 1% • Passengers Flown: 6,364 AIRLINES AMERICAN AIRLINES United States (US) carrier, American Airlines made its inaugural flight to Guyana on November 15th 2018.

The airline is now offering four (4) flights per week from Georgetown to Miami and will subsequently add more flights to its schedule.

Guyanese will be connected to approximately 150 destinations in and out of the USA.

This is the 19th destination in South America for American Airlines .
SECURITY SECURITY AUDITS During the year 2018, the Airport was successfully audited by the following bodies: • Transportation and Security Administration[T.S.A] • A Security team from Jamaica • American Airlines Security Team • Guyana Civil Aviation Authority[G.C.A.A] Security Team These audits tested the effectiveness of the procedures and systems implemented by the Airport to counter security threats.
SECURITY CCTV REVIEWS/RECOVERY OF MISSING ITEMS • A total of one-hundred and ten [110] CCTV review resulted in positive/conclusive outcomes while thirty-one [31] were inconclusive • A total of 17 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 TRAINING Security Security Awareness Training Program Screeners Certification Training Program Screeners Re-Certification Training Program Security Induction Training Remedial Training - 249 Participants - 41 Participants - 82 Participants - 22 Participants - 52 Participants Others Ninety Four (94) other persons were trained in several areas including: • Customer Service • First Aid Response • Occupational Safety and Health • Use of Fire Extinguisher • Airport Emergency Planning TRAINING Three[3] Operations staff completed the Airport Operations Diploma Programme with the Airports Council International[ACI] Two staff completed the Airport Executive Leadership Programme, a joint initiative by the Airport Council International[ACI] and Concordia University.
OTHER ACTIVITIES SCHOOL TOURS Over 2,000 students from 25 schools visited the airport during 2018.

OTHER ACTIVITIES WOMEN IN AVIATION • CJIAC participated in Pink Paper Plane Challenge in observance of Int’l Women’s Day/ Aviation Week.

The activity was done to commemorate the anniversary of the world’s first female pilot license.

• The exercise was part of a planned day of events to coincide with Women in Aviation Week observed from March 5-11, 2018 and International Women’s Day, May 8, 2018.
Four outstanding female staff were also honoured for their contributions to the Corporation.

OTHER ACTIVITIES Celebrating Emancipation At The Airport Arriving passengers were greeted with goodies in observance of Emancipation Day.

The staff dressed in African wear distributed cups of mauby, pone, conkie and white pudding to over 200 passengers.

The meet and greet initiative is executed on major holidays.
OTHER ACTIVITIES CJIAC ANNUAL SANTA PARADE CJIAC’s 8th annual Santa Parade was held on December 21st 2018.

Over 3,000 gifts were distributed to the children in the Timehri & Soesdyke communities 2019 PROJECTS • Construction of a shopping mall • Construction of a Cargo Facility • Procurement of Checked Baggage, Cabin Baggage and Cargo Scanner • Construction of Hangars • Repairs to Taxiways • Procurement of Screening and Scanning Equipment THANK YOU!