BOARD OF DIRECTORS
Mr. Kaho ó Vailahi ÓFA
Position: Chairperson
Mr. Seniloli ÍNOKE
Position: Deputy Chairman
Mrs. Ófeina FILIMOEHALA
Position: Board Member
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) | 2020 | 2021 | 2022 | 2023 | 2024 | 5-yrs Average |
| Revenue | 893 | 1,070 | 830 | 1,856 | 7,493 | 2,428 |
| Net Profit After Tax | (448) | (440) | (467) | (89) | (512) | (391) |
| CSO payments | – | – | – | – | – | – |
| Total Assets | 17,437 | 14,676 | 14,061 | 13,843 | 13,727 | 14,749 |
| Total Liabilities | 1,823 | 1,714 | 1,747 | 1,748 | 2,447 | 1,896 |
| Shareholders’ Funds | 15,614 | 12,961 | 12,313 | |||
| Avg. ROE % | -3% | -3% | -4% | -1% | -5% | -3% |
| Avg. ROA % | -3% | -3% | -4% | -1% | -4% | -3% |
| Asset Utilization | 4% | 5% | 5% | % | % | % |
| Cash / Current liabilities | 3.54 | 3.30 | 2.00 | 2.02 | 1.04 | 2.38 |
Important Documents
- TAMA Annual Report 2014-2015
- TAMA Annual Report 2015-16
- TAMA Annual Report for the year ended 30 June 2018
- TAMA Annual Report 2017-18
- TAMA Lipooti Fakata’u 2018-19 (Tongan Version)