YOUR QUICK GATEWAY (WINDSOR) INC.

Notes to Financial Statements (continued)

Year ended December 31, 2019

11. Financial instruments and risk management (continued):

(v) Capital management:

The Corporation is 100% owned by the City, and manages Windsor International Airport on behalf of the City

The Board's target is to maintain a sufficiently strong capital base to a!iow the Corporation to properly meet its operationa! and financial objectives as set out in the Amended and Restated Windsor Airport EVlanagement Agreement between the Corporation and the City.