BOARD OF DIRECTORS
Dr. Sione Ngongo KIOA
Position: Chairman
Mr. Michael A. BLOOMFIELD
Position: Deputy Chairman
Mr. To’imoana TAKATAKA
Position: Board Member
Mr. Fakahau VALU
Position: Board Member
Mr. Sione Havea TAIONE
Position: Board Member
Mr. Soakai MOTU’APUAKA
Position: Board Member
Mr. ‘Etuate SAKALIA
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) | 2018 | 2019 | 2020 | 2021 | 2022 | 5-yr Average |
| Revenue | 12,376 | 13,532 | 12,105 | 12,160 | 12,606 | 12,556 |
| Net Profit After Tax | 3,189 | 3,312 | 2,055 | 2,190 | 1,473 | 2,444 |
| CSO payments | – | – | – | – | – | – |
| Total Assets | 27,647 | 30,740 | 30,607 | 30,330 | 31,315 | 30,128 |
| Total Liabilities | 5,757 | 7,194 | 6,033 | 4,708 | 6,874 | 6,113 |
| Shareholders’ Funds | 21,890 | 23,546 | 24,574 | 25,622 | 24,440 | 24,014 |
| Avg. ROE % | 15% | 15% | 9% | 9% | 6% | 11% |
| Avg. ROA % | 12% | 11% | 7% | 7% | 5% | 8% |
| Asset Utilization | 45% | 44% | 39% | 40% | 41% | 42% |
| Cash / Current liabilities | 0.94 | 0.52 | 0.57 | 0.58 | 0.81 | 1.00 |
IMPORTANT DOCUMENTS
- Annual Reports / Corporate Plan
- PAT Annual Report
- Legislations (Act / Policy)
WEBSITE
Ports Authority Tonga (Poate Taulanga ó Tonga)