OPERATIONAL PERFORMANCE Operational Performance 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 2013 2012 2011 2010 2009 0 50,000 100,000 150,000 200,000 250,000 2013 2012 2011 2010 2009 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 2013 2012 2011 2010 2009 Rev enues ($000’ s) Net Earnings ($000’ s) In 2013,  adjusted  revenue, which  has grown at  an average  annualized rate  of 19% since  2009, was 10%  lower than in  2012, largely  as a result  of weaker  demand for  the Company’s  conventional  triple and  double sized  rigs. Pad drilling  rigs made a  continuing major  contribution to  AKITA’s earnings  performance once  again in 2013. Capit al Expenditures ($000’ s) Annual funds  flow in 2013,  which was only  surpassed in  2012, was  adversely  affected by  a decline in  the portion  of income  taxes that are  deferred to  future years. Capital projects  in 2013 included  the completion  of a triple pad rig  to drill in the oil  sands and the  commencement  of an ultra-deep  triple pad rig that  will drill wells that  are anticipated to  provide natural  gas for liquified  natural gas  projects. F unds  Flow from Operations  ($000’ s) 0 10,000 20,000 30,000 40,000 50,000 60,000 2013 2012 2011 2010 2009 Note: Financial information has been calculated under Canadian Generally Accepted Accounting Principles  (“GAAP”) for 2009 and under International Financial Reporting Standards (“IFRS”) for the years 2010 through  2013. Readers should be aware that these two sets of accounting standards are not consistent with each other.  Adjusted revenue, which affects the years 2012 and 2013, includes AKITA’s proportionate share of revenue from  its joint venture operations. A change in IFRS that became effective for 2012 and future reporting years, no longer  permits proportionate consolidation of joint venture activities.  2 AKITA DRILLING LTD.  ANNUAL REPORT