Audit & Finance Committee Report to the Board May 7,

2 Revenue Profile 1 CDN $000’s Q4 ‘13 Actual Q4 ‘13 Forecast Variance YTD Actual YTD Forecast Variance Learning Centre$469$33042%$1,304 2 $1,16512% Core Courses$235$17832%$458$40214% Executive Learning$132$11317%$573$5563% Custom (Includes Events)$102$3962%$273$20732% Advisory & Research$684$783-14%$1,867$1,964-5% Aboriginal Governance$240$272-13%$426$457-7% Public Sector$290$25812%$617$5846% Modernizing Government$102$ %$581$686-18% Not for Profit Sector$52$4516%$243$2373% 1 Results are un-audited 2 Includes Events and Dialogue

Q4 Revenue Performance 3  Advisory & Research impacted by:  Deferral of UNDP Technical Mission to IRAQ Completed in April 2013  Deferral of Aboriginal Affairs – FNWWAP Eval To be delivered in Q1’ 13  Governance Laboratory impacted by:  Increase in end of year money directed at: Day courses Custom Policy courses Communication boot camps

Statement Of Operations 1 4 CDN $000’s Q4 ‘13 Actual Q4 ‘13 Forecast Variance % YTD Actual YTD Forecast Variance % Gross Revenue $1,153$1,1163%$3,1713,1341% Direct Costs 2 $225$216-4%$659$652-1% Direct Labour$506$377-34%$1,510$1,380-9% Gross Profit$422$523-24%$1,002$1,102-10% Gross Profit % 37%49%-32%35%- Overhead 3 $140$294-$980$1,134- Excess (Deficiency) of Revenue over Expenses $282$229 - $22$(32)- 1 Results are un-audited 2 Includes Subcontractors 3 Net of Direct Labour