Tonga Assets Managers & Associates Limited

Board of Directors

 

Mr. Simione Sefanaia                    

Position         Chairperson 

Expiry Date  

 

Mr. Tevita Va’inga Palu                 

Position         Board Member 

Expiry Date  

 

Mr. John Paul Chapman               

Position         Board Member 

Expiry Date  

 

Mr. Semisi Tapueluelu                  

Position         Board Member 

Expiry Date  

 

Mr. Salesi Fotu                    

Position         Board Member 

Expiry Date

 

Activities

Tonga Assets Managers and Associates (TAMA) was established in 2011 to acquire the assets of the Small Industries Centre – originally set up to provide collocated factory and warehouse space for small to medium business. The Small Industries Centre (SIC) was administered by the Ministry of Labour, Commerce and Industries and acted as landlord and manager for these light industrial sites.

At the time of establishment, the government recognized that the provision of these services were primarily a commercial operation and would be improved if undertaken within the SOE framework, requiring greater transparency and accountability for results. This has proven to be the case with financial and operational performance improving since corporatization.

The next phase will see TAMA progressively privatize its portfolio.

Financial Highlights

Audited Financial Highlights (T$’000) 2013 2014 2015 2016 2017 5-yr Average
Revenue 476 498 943 749 782 690
Net Profit After Tax (134) (154) 315 329 (252) 21
CSO payments
Total Assets 9,287 9,317 9,406 18,979 18,985 13,195
Total Liabilities 1,796 1,894 1,664 1,938 1,750 1,808
Shareholders’ Funds 7,491 7,423 7,742 17,042 17,236 11,387
Avg. ROE % -1.8% -2.1% 4.1% 2.7% -1.5% 0.3%
Avg. ROA % -1.4% -1.7% 3.4% 2.3% -1.3% 0.3%
Asset Utilization 5% 5% 10% 4% 4% 6%
Cash / Current liabilities 0.17 0.57 1.76 1.44 2.85 1.36

Important Documents