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## Other Income and Expenses 

($ thousands) 

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Under the T&D Licence there is a provision for an AFUDC. This capitalisation of the ‘Financing Cost’ is calculated by multiplying the Company’s Cost of Capital rate by the average work in progress for each month. The cost of capital rate for 2011 was 8.75% as agreed with the ERA in accordance with the T&D Licence and will be reviewed annually. 

The AFUDC amount for Fiscal 2011 totalled $3.7 million a $0.7 million increase when compared to $3.0 million for Fiscal 2010. This increase is attributable to increased capital expenditure. 

Foreign exchange gains and losses are the result of monetary assets and liabilities denominated in foreign currencies that are translated into 

## Key Indicators for the Financial Services Industry 

United States (“US”) dollars at the exchange rate prevailing on the Balance Sheet date. Revenue and expense items denominated in foreign currencies are translated into US dollars at the exchange rate prevailing on the transaction date. Foreign exchange gains totalled $2.1 million for Fiscal 2011 a $0.3 million or 17% increase when compared to $1.8 million for Fiscal 2010. 

## Tourist Arrivals to the Cayman Islands 

(for the twelve months ending December 31) 

<img src='content_image/231396.jpg'>

## Other Income : 

Other income is comprised of pole rental fees, income from pipeline operations, sales of meter sockets, sale of recyclable metals and other miscellaneous income. Other income totalled $1.9 million for Fiscal 2011, a $0.6 million or 44% increase from $1.3 million for Fiscal 2010. Other Income for Fiscal 2011 includes billing adjustments for commercial 

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