Ports Authority Tonga

logo-tonga-portsBoard of Directors

 

Dr. Sione Ngongo Kioa

Position: Chairperson

 

Mr. Viliami Jr Takau

Position: Board Member

 

Dr. Sitiveni Halapua

Position: Board Member

 

Mr. Fine Tohi

Position: Board Member

 

Mr. John Havea

Position: Board Member  

 

Activities: Ports Authority Tonga is part of the Transport group of SOEs and its board is shared with Friendly Islands Shipping Services and Tonga Airports Limited.

Ports Authority Tonga (PAT) was established under the Ports Authority Act 1998. Its main objectives are set out in Section 10 “to promote, encourage and assist in the development of commercially viable and efficient ports in Tonga”.

PAT has historically been responsible for the Nuku’alofa port, but in 2014 Cabinet determined that PAT should also be responsible for the ports on the outer islands of Ha’apai, Eua and Vava’u. Total cargo throughput in 2015 was 290,532 cargo Tonnes. Container throughput was 17,621 TEUs for the same period.

The SOE is engaged in a significant redevelopment of the Vuna wharf which is being financed through a T$32.5 million loan from the Government of China.

The SOE has paid dividends since 2010. The 2015 dividend of T$1 million represents a 253% increase in dividend payments in the 5 years since 2010.

Mission

“Enhancing the long-term value of the Ports Authority Tonga and ensuring its sustainability. We will make an appropriate profit; and we are here for the long-term”.

Financial Highlights

Audited Financial Highlights (T$’000) 2013 2014 2015 2016 2017 5-yr Average
Revenue 7,351 8,184 9,145 10,295 7,875 8,570
Net Profit After Tax 723 1,185 1,971 2,157 3,552 1,918
CSO payments
Total Assets 22,413 22,785 23,703 24,474 22,364 23,148
Total Liabilities 5,634 5,776 5,708 5,400 5,502 5,604
Shareholders’ Funds 16,779 17,009 17,995 19,073 16,862 17,544
Avg. ROE % 4% 7% 11% 12% 18% 10%
Avg. ROA % 3% 5% 8% 9% 14% 8%
Asset Utilization 33% 36% 39% 42% 35% 37%
Cash / Current liabilities 0.94 1.27 1.10 0.93 0.79 1.00

Important Documents

Website