Public Bodies Ministry of Transport and Mining (Selected) Clarendon Alumina Production Limited _____________________________________________________________________________________________

Public Bodies, FY 2020/21 Page Ministry of Finance and the Public Service 80

Income Statement US $m

Unaudited Estimated Projected

2018/19 2019/20 2020/21 Sales 167.33 151.55 153.48 Cost of Sales including Depreciation 184.93 175.93 168.01 Gross (Loss)/Profit (17.60) (24.38) (14.53)

Other Operating Income/(Expense) 0.50 - -

Expenses Administration and Other 11.77 12.38 9.42

11.77 12.38 9.42

Operating Profit/(Loss) (28.87) (36.76) (23.95)

Financial Costs Interest Expense 16.04 13.76 11.11

16.04 13.76 11.11

(Loss)/Profit before Tax (44.91) (50.52) (35.06) Deferred Credit Write-off - - - Taxation 2.32 - - Net (Loss)/Profit (42.59) (50.52) (35.06)

Public Bodies Ministry of Transport and Mining (Other) Jamaica Bauxite Institute _____________________________________________________________________________________________

Public Bodies, FY 2020/21 Page 265 Ministry Finance and the Public Service

$m

Audited Original Estimated Projected 2018/19 2019/20 2019/20 2020/21

Statement A Flow of Funds 1 Current Revenue 241.34 256.25 250.14 267.14 2 Current Expenses (226.57) (256.02) (207.39) (267.14) 3 Current Balance 14.77 0.23 42.75 - 4 Adjustments (18.81) (61.07) 57.37 -

Change in Accounts - - - - Receivable/Payable (35.17) (80.66) 74.31 (18.48) Items not requiring outlay of cash: - - - - Depreciation 14.95 19.91 18.98 18.48 Other Non-Cash Items 1.41 (0.32) (35.92) - Prior Year Adjustment - - - -

5 Operating Balance (4.04) (60.84) 100.12 - 6 Capital Account (26.23) (0.23) (43.66) -

Revenue - - - - Expenditure (26.23) (0.23) (43.66) - Investment - - - - Change in Inventory - - - -

7 Transfers from Government - - - - Loans - - - - Equity - - - - On-Lending - - - - Other - - - -

8 Transfers to Government - - - - Dividend - - - - Loan Repayments - - - - Corporate Taxes - - - - Other - - - -

9 OVERALL BALANCE (5+6+7+8) (30.27) (61.07) 56.46 - 10 FINANCING (10a+11+15) 30.27 61.07 (56.46) -

10a Total - - - - Capital Revenue - - - - Loans - - - - Equity - - - - On-Lending - - - - Loan Repayments - - - -

11 Total Foreign (12+13+14) - - - - 12 Government Guaranteed Loans - - - -

Disbursement - - - - Amortization - - - -

13 Direct Loans - - - - Long Term: - - - -

Disbursement - - - - Amortisation - - - -

Short Term: - - - - Change in Trade Credits - - - -

14 Change in Deposits Abroad - - - - 15 Total Domestic (16+17+18) 30.27 61.07 (56.46) - 16 Banking System 30.27 61.07 (54.46) -

Loans (Change) - - - - Current AccountsOverdraft (Change) - - - - Deposits (Change) 30.27 61.07 (54.46) -

17 Non-Banks (Change) - - - - 18 Other (Change) - - (2.00) -

Public Bodies Ministry of Transport and Mining (Selected) Clarendon Alumina Production Limited _____________________________________________________________________________________________

Public Bodies, FY 2020/21 Page Ministry of Finance and the Public Service 81

US $m Unaudited Original Estimated Projected

Statement A Flow of Funds 2018/19 2019/20 2019/20 2020/21 1 Current Revenue 167.83 178.91 151.55 153.48 2 Current Expenses (212.74) (192.04) (202.07) (188.54) 3 Current Balance (44.91) (13.13) (50.52) (35.06) 4 Adjustments 77.14 51.67 66.27 65.41

Change in Accounts Receivable/Payable 53.05 45.05 45.06 44.55 Items not requiring outlay of cash: Depreciation 17.03 20.86 20.86 20.86 Other Non-Cash Items 7.06 (14.24) 0.35 - Prior Year Adjustment - - - -

5 Operating Balance 32.23 38.54 15.75 30.35 6 Capital Account (11.64) (11.59) 8.16 (15.03)

Revenue - - - - Expenditure (7.17) (11.25) - (11.25) Investment - - - - Change in Inventory (4.47) (0.34) 8.16 (3.78)

7 Transfers from Government - - - - Loans - - - - Equity - - - - On-Lending - - - - Other - - - -

8 Transfers to Government - - - - Dividend - - - - Loan Repayments - - - - Corporate Taxes - - - - Other - - - -

9 OVERALL BALANCE (5+6+7+8) 20.59 26.95 23.91 15.32 10 FINANCING (11+15) (20.59) (26.95) (23.91) (15.32)

10a Total - - - - Capital Revenue - - - - Loans - - - - Equity - - - - On-Lending - - - - Loan Repayments - - - -

11 Total Foreign (12+13+14) (7.00) (32.56) (6.45) - 12 Government Guaranteed Loans - - - -

Disbursement - - - - Amortization - - - -

13 Direct Loans (7.00) (32.56) (6.45) - Long Term: (7.00) (32.56) (6.45) -

Disbursement - - - - Amortisation (7.00) (32.56) (6.45) -

Short Term: Change in Trade Credits - - - -

14 Change in Deposits Abroad - - - - 15 Total Domestic (16+17+18) (13.59) 5.61 (17.46) (15.32) 16 Banking System (13.84) 5.61 4.58 4.34

Loans (Change) - - - - Overdraft (Change) - - - - Deposits (Change) (13.84) 5.61 4.58 4.34

17 Non-Banks (Change) - - - - 18 Other (Change) 0.25 - (22.04) (19.66)

Public Bodies Ministry of Transport and Mining (Other) Jamaica Bauxite Institute _____________________________________________________________________________________________

Public Bodies, FY 2020/21 Page 266 Ministry Finance and the Public Service

$m

Audited Original Estimated Projected CURRENT REVENUE 2018/19 2019/20 2019/20 2020/21 Capital Development Fund 223.00 234.37 234.37 244.22 Commercial Projects 5.27 6.47 3.93 6.19 Interest on Deposits 2.61 6.00 5.04 6.40 Bauxite Community Redev. Project Fees 5.72 2.00 2.04 4.31 Other 4.74 7.41 4.76 6.02 TOTAL 241.34 256.25 250.14 267.14

CURRENT EXPENSES 164.14 168.31 140.81 168.54

Travel & Subsistence 1.04 25.48 16.07 25.35 10.34 12.35 11.47 10.36 31.48 43.76 37.24 52.93 8.30 3.24 0.53 5.45

11.27 2.88 1.27 4.51 Taxes - - - - TOTAL 226.57 256.02 207.39 267.14

CAPITAL EXPENDITURE PROJECTS: Equipment 19.73 0.23 23.42 - Other 6.50 - 10.88 - TOTAL 26.23 0.23 43.66 -

Other

Compensation to Employees

Public Utilities Purchase of Other Goods & Services Special Expenditure Projects

Public Bodies Ministry of Transport and Mining (Selected) Clarendon Alumina Production Limited _____________________________________________________________________________________________

Public Bodies, FY 2020/21 Page Ministry of Finance and the Public Service 82

US $m Unaudited Original Estimated Projected

CURRENT REVENUE 2018/19 2019/20 2019/20 2020/21 Sale of Alumina 167.33 178.91 151.55 153.48 Other 0.50 - - - TOTAL 167.83 178.91 151.55 153.48

CURRENT EXPENSES Compensation 0.24 0.30 0.29 0.29 A. Directors, Executive & Senior Managers 0.09 0.11 0.11 0.11

- Salaries 0.06 0.07 0.07 0.07 - Pension Fund Contributions 0.01 0.02 0.02 0.02 - Housing Allowance 0.02 0.02 0.02 0.02 - Utility Allowance - - - - - All Others - - - -

B. Supervisory, Clerical & Production 0.15 0.19 0.18 0.18 - Wages 0.15 0.18 0.18 0.18 - Pension Fund Contributions - - - - - Housing Allowance - - - - - Utility Allowance - - - - - All Others - 0.01 - -

Utilities(Electricity, Water & Telephones) - - - - - - - - - - - - - - - -

17.03 20.86 20.86 20.86 16.04 12.73 13.76 11.11 11.53 9.12 12.09 9.13

167.90 149.03 155.07 147.15 212.74 192.04 202.07 188.54

CAPITAL EXPENDITURE

7.17 11.25 - 11.25 7.17 11.25 - 11.25

Sustaining Capital TOTAL

TOTAL

Depreciation Interest Expense Other Cost of Sales

Repairs & Maintenance Motor Vehicle Expenses Legal & Professional Fees