Accountable Ministers
Minister for Finance and Treasury and the Prime Minister
Responsible Minister
Prime Minister
Board of Directors
| Alpheaus Zobule | Member | 5/02/2019 |
| Christina Bakolo | Member | 5/02/2019 |
| Ella Kauhue | Member | 2/03/2019 |
| Eric Chow | Member | 2/03/2019 |
| Catherine Launa Nori | Member | 8/04/2018 |
| Robert Iroga | Chairman | 8/04/2018 |
Activities
The Solomon Islands Broadcasting Corporation (SIBC) is a state-owned enterprise established by the Broadcasting Act 1976 to provide a broadcasting service, by radio, of a wide range of programs for the information, education and entertainment of all people living in the sovereign borders of the Independent State of Solomon Islands.
As a state-owned enterprise, it is also subject to the State-owned Enterprises Act 2007 and State-owned Enterprises Regulations 2010.
SIBC is governed by a board of directors that is responsible to the Accountable Ministers, being the Minister of Finance and Treasury. The Responsible Minister is the Prime Minister.
Vision and Mission
The SIBC is the main channel by which the Government of Solomon Islands enables the provision of information and education services to the communities, including up-to-date information and different perspectives on matters affecting their quality of life, livelihoods, cultural well-being, health, safety and security in times of emergency or disease outbreaks and development generally. The SIBC remains, for the majority of people in most communities, the main provider of worthwhile and relevant information for their educational, livelihood and personal objectives. These include cultural, sporting, religious, commercial and community objectives.
Community Service Obligations
SIBC received SBD3.9 million in CSO payments in 2015 and 2016 and SBD2.5million in 2017. These payments are to compensate for the provision of government radio programs, including emergency services where the advertising revenue is insufficient to cover the costs of services. The CSOs were subject to a contract with the Ministry of Finance.
Financial Highlights
| Financial Highlights (SBD ‘000) | 2013 | 2014 | 2015 | 2016 | 2017 | 5-yr Average | |
| Revenue | 7,449 | 10,489 | 10,607 | 11,216 | 9,462 | 9,845 | |
| Net Profit After Tax | 1,183 | 1,860 | 1,009 | 2,004 | (346) | 1,142 | |
| CSO payments | 1,000 | 4,006 | 3,900 | 3,930 | 2,500 | 3,067 | |
| Total Assets | 10,504 | 18,911 | 18,865 | 20,281 | 36,270 | 20,966 | |
| Total Liabilities | 4,552 | 4,015 | 2,960 | 2,373 | 1,974 | 3,174 | |
| Shareholders Funds | 5,952 | 14,896 | 15,905 | 17,908 | 34,270 | 17,786 | |
| ROE % | 19.9% | 12.5% | 6.3% | 11.2% | -1.0% | 9.8% | |
| ROA % | 11.3% | 9.8% | 5.3% | 9.9% | -1.0% | 7.1% | |
| Asset Utilization | 71% | 55% | 56% | 55% | 26% | 53% | |
| Cash / Current liabilities | 0.804 | 0.476 | 1.370 | 1.392 | 0.386 | 0.886 | |
Important Documents
SIBC Financial Statements: 2014 | 2015 I 2016 I 2017
Website