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FIVE-YEAR FORECAST w A C T U A L F I V E - Y E A R F O R E C A S T YEAR 2005 2006 2007 2008 2009 2010 2011 2012 Passenger Volume 3,229,111 3,378,601 3,469,062 3,626,566 3,766,119 3,897,039 4,005,090 4,109,970 Per cent Change -0.4 % 4.6 % 2.7 % 4.5 % 3.8 % 3.5 % 2.8 % 2.6 % Total Aircraft Movements 86,393 86,110 89,251 95,142 99,518 103,797 107,430 111,083 Per cent Change -3.8 % -0.3 % 3.6 % 6.6 % 4.6 % 4.3 % 3.5 % 3.4 % Planned Capital Expenditures ($ 000’s) $57,881 $58,807 $24,721 $97,500 $36,266 $26,013 $13,243 $10,127 Rent Payable to Transport Canada ($ 000’s) $4,361 $4,271 $4,093 $3,826 $3,290 $3,890 $4,000 $4,164 HALIFAX INTERNATIONAL AIRPORT AUTHORITY 2007 ANNUAL REPORT 20
CORPORATE GOVERNANCE HALIFAX INTERNATIONAL AIRPORT AUTHORITY (HIAA) IS A DYNAMIC AND MULTI-FACETED AVIATION ENTERPRISE THAT PROVIDES AIR ACCESS TO THE WORLD, FACILITATES PERSONAL AND BUSINESS CONNECTIONS, AND PROMOTES REGIONAL ECONOMIC GROWTH. HIAA is governed by a Board of Directors consisting of a maximum of 14 directors nominated by the following entities: Government of Canada 2 Government of Nova Scotia 1 Halifax Regional Municipality 4 Halifax Chamber of Commerce 3 HIAA Board of Directors 4 Generally, a director may serve no more than a total of nine years from the date of transfer, February 1, 2000. Collectively directors are expected to possess knowledge relating to the aviation industry, air transportation, business, finance, administration, law, government, engineering, labour organizations, and the interests of consumers. The Board oversees the conduct and operation of HIAA; reviews and approves corporate strategies, plans and financial objectives; appoints the Chief Executive Officer; assesses the performance of the Board and the Chief Executive Officer; ensures effective communication with the nominators and the community; and ensures the effectiveness of HIAA’s internal controls and systems in preserving and enhancing HIAA’s assets and pursuing its mission. The Board meets as often as is required to carry out its responsibilities and maintains three standing committees that make recommendations to the Board with respect to matters within their jurisdiction: the Governance Committee, chaired by Robert Winters; the Audit Committee, chaired by Roy Rideout; and the Capital Projects Committee, chaired by Peter McDonough. HIAA has adopted conflictof-interest guidelines to govern the conduct of, and the disclosure and avoidance of conflicts of interest for, all officers and directors. These disclosures are updated as required. During 2007, the Governance Committee of the Board reported that there were no breaches of the conflict-ofinterest guidelines by any officer or director of HIAA. Compensation of the senior officers and directors of HIAA is reviewed annually. Amounts paid to HIAA’s officers and directors during 2007 are as follows. Board of Directors’ Total Compensation Chair: F. Matheson $60,000 Vice Chair: F. Smithers $18,500 Secretary: J. S. Cowan $36,400 Directors: J. Baillie $13,200 N. Comeau * $ 2,213 W. Fares $12,800 P. Gurr $12,000 J. Hunt $ 7,200 P. McDonough $25,400 B. Miller $10,009 C. Newcombe $15,200 R. Rideout $20,200 R. J. Scott $14,400 K. Streatch $13,600 J. R. Winters $31,400 M. Wood-Tweel $ 5,613 * Mr. Comeau completed his term in December 2006. This compensation represents fees incurred in 2006 and paid in 2007 according to HIAA’s quarterly payment schedule. Executive Compensation The salary range for the President & CEO and for each of the Vice Presidents of HIAA during 2007 was $104,400 to $250,000. In addition to base salaries, annual bonus payments totalling $104,284 were paid during the year. Bonus payments are contingent on individual and corporate achievements. Contracts in Excess of $95,841 HIAA, in accordance with its lease with Transport Canada, is required to report all contracts in excess of $95,841 ($75,000 in 1994 dollars adjusted by the Consumer Price Index) that were entered into during the year and that were not awarded on the basis of a public competitive tendering process. During 2007, HIAA entered into a contract with Strescon (Atlantic) Limited for the supply and construction of a pre-cast concrete parking structure in the amount of $20,700,000. Strescon (Atlantic) Limited was awarded this contract without a public competitive tendering process as they are the only supplier of pre-cast concrete structures in the Maritimes. w HALIFAX INTERNATIONAL AIRPORT AUTHORITY 2007 ANNUAL REPORT 21
Page 2 and 3: OUR PEOPLE - Burton Wright, Ken Cha
Page 5 and 6: 2007 also marked the beginning of t
Page 7 and 8: w Not all our efforts last year wer
Page 9 and 10: Eighty per cent of our passenger tr
Page 11 and 12: Scheduled and Charter Passenger Ser
Page 13 and 14: w Firefighter Tim Bull worked on th
Page 15 and 16: financial statements auditors’ re
Page 17 and 18: notes to financial statements Decem
Page 19 and 20: notes to financial statements Decem
Page 21: notes to financial statements Decem
Page 25 and 26: BOARD OF DIRECTORS Peter McDonough,

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