BOARD MEMBERS of the TRANSPORT SECTOR:
- Dr. Sione Ngongo Kioa – Chairman
- Michael A. Bloomfield – Deputy Chairman
- Dr. Siosaia K. Kami
- Victorina Stephanie Leger
- Fanga Liliufoóu Afu
- Tevita K. Fotu
ACTIVITIES
Friendly Islands Shipping Agency is part of the Transport group of SOEs and its board is shared with Ports Authority Tonga and Tonga Airports Limited.
MISSION
FINANCIAL HIGHLIGHTS
| Audited Financial Highlights (T$’000) | 2018 | 2019 | 2020 | 2021 | 2022 | 5-yr Average |
| Revenue | 10,626 | 10,177 | 7,806 | 7,636 | 6,333 | 8,516 |
| Net Profit After Tax | 1,519 | -2,886 | 856 | 745 | – | 234 |
| CSO payments | – | – | – | – | – | – |
| Total Assets | 50,993 | 11,362 | 11,690 | 11,650 | 10,978 | 19,335 |
| Total Liabilities | 44,135 | 8,005 | 12,729 | 11,911 | 11,336 | 17,623 |
| Shareholders’ Funds | 6,858 | 3,357 | -1,040 | -261 | ||
| Avg. ROE % | 25% | -57% | 74% | -115% | -0.11% | -14.6% |
| Avg. ROA % | 3% | -10% | 9% | 8% | 0.004% | 2% |
| Asset Utilization | 23% | 33% | 68% | 65% | ||
| Cash / Current liabilities | 0.74 | 0.34 | 0.22 | 0.33 | 0.33 | 0.39 |
IMPORTANT DOCUMENTS
WEBSITE
Friendly Islands Shipping Agency (Kautaha Vaka Ótuangaófa)