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Ports Authority total income reaches $10m

Nuku'alofa, Tonga

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Pulusi ‘o e Fakamatala Fakata’u 2016 – Ma’u Mafai ki he Ngaahi Taulanga ‘o Tonga

Ports Authority Tonga - Publication of 2016 Annual Report

The Ports Authority Tonga (PAT) is pleased to publish the summary of its 2016 Annual Report, including its performance against the business plan and 2017 projections, in accordance with Section 22 (2) of the Public Enterprises Act 2002. PAT registered a strong performance, thus completed another highly successful year for the Authority that serves as the trade, logistics and Tonga’s gateway for global maritime trade.

Highlights

1. Volumes

The cargo throughput increased by 15% from 290,532 tonnes in 2015 to 333,847 tonnes in 2016. This trend is expected to continue considering the major construction projects that are in progress in the country.

The Container throughput hit a record high of 19,914 in 2016.

2. Ships Called

The number of ships called at the Port of Nuku’alofa during the year increased considerably from 150 calls in 2015 to 179 at the end of 2016, a 19% increase or an average of 15 vessels per month.

3. Strategic Initiatives

PAT continued to invest in strengthening and maintaining the Authority’s operational efficiency. The capital investments were mainly for major port related projects including but not limited to:

  1. Installation of LED Lights at Queen Salote Wharf that are more power efficient with low voltages usage while providing much light.
  2. Upgrading the Vuna Wharf Yacht Marina.
  3. Paving Queen Salote International Wharf with Bitumen Cold Mix.
  4. Constructing the New Domestic Wharf.
  5. Acquisition of the new Kalmar Reachstacker.
  6. Upgrading of the Head Office Building Phase 1.

4. Community Involvement

PAT continued active involvement in promoting community activities at a total of $77,552.51 during the year.

5. Financials

  1. The total Income recorded a new milestone in reaching $10 million at the end of the year, an increase of 13% from the previous year and 6% higher than the budget.
  2. The Net Profit After Tax recorded an unprecedented $2.2 million, an increase of 16% from the 2014/15 result.
  3. The Dividend declared and paid to the Shareholder increased by 62% to $1.6 million, representing 75% of the Net Profit After Tax.

6. Financial Performance

Statement of Financial Performance

Year ended 30 June

2015

2016

2016

2017

Audited

($)

Business Plan

($)

Audited

($)

Business Plan

($)

Total Revenue

9,071,100

               9,708,000

             10,252,211

             11,078,000

Total Operating Expenses *

            (6,332,120)

            (7,341,000)

            (7,256,926)

            (7,521,000)

Earning Before Interest and Tax (EBIT)

            2,738,980

            2,367,000

            2,995,285

            3,557,000

Net finance cost

           (114,766)

            (177,000)

         (119,087)

        (177,000)

Net Profit Before Tax

           2,624,214

           2,190,000

          2,876,198

          3,380,000

Income Tax

           (653,197)

             (547,000)

       (719,049)

             (845,000)

Net Profit After Tax

               1,971,017

               1,643,000

               2,157,149

               2,535,000

         

Statement of Financial Position

     

As at 30 June

2015

2016

2016

2017

Audited

($)

Business Plan

($)

Audited

($)

Business Plan

($)

Current Assets

4,371,981

4,298,000

3,818,035

4,121,000

Non-Current Assets

19,331,138

23,775,000

20,656,112

24,768,000

Total Assets

23,703,119

28,073,000

24,474,147

28,889,000

         

Current Liabilities

2,457,120

2,100,000

2,723,110

2,265,000

Non-Current Liabilities

3,250,873

7,326,000

2,677,336

7,304,000

Total Liabilities

5,707,993

9,426,000

5,400,446

9,569,000

         

Net Assets

17,995,126

18,647,000

19,073,701

19,320,000

         

Capital

10,949,097

10,949,097

10,949,097

10,949,000

General Reserve

7,046,029

7,697,903

8,124,604

8,371,000

Equity

17,995,126

18,647,000

19,073,701

19,320,000

       

Statement of Cash Flow

       

Year ended 30 June

2015

2016

2016

2017

Audited

($)

Business Plan

($)

Audited

($)

Business Plan

($)

Net cash generated from operating activities

         4,072,727

           3,422,000

      4,324,276

           4,714,000

Net cash used in investing activities

       (3,388,172)

          (5,995,000)

    (2,768,854)

          (7,108,000)

Net cash used in financing activities

       (1,044,805)

           1,524,000

    (1,471,959)

           1,077,000

Net increase/(decrease) in cash and cash equivalents

           (360,250)

          (1,049,000)

           83,463

          (1,317,000)

Cash and cash equivalents at the beginning of the year

         2,208,937

           2,849,000

      1,848,687

           2,849,000

Cash and cash equivalents at the end of the year

         1,848,687

           1,800,000

      1,932,150

           1,532,000

         

Financial Review

2015

2016

2016

2017

Audited

($)

Business Plan

($)

Audited

($)

Business Plan

($)

ROE

11%

9%

11%

13%

NPAT ($)

1,971,017

1,643,000

2,157,149

2,535,000

EBIT ($)

2,738,980

2,367,000

2,995,285

3,557,000

Gearing ($)

18%

39%

14%

38%

Cash Flow from Operating Activities ($)

4,072,727

3,422,000

4,324,276

4,714,000

Interest time  cover

24

13

25

20

         

Operational Review

2015

2016

2016

2017

Audited

($)

Business Plan

($)

Audited

($)

Business Plan

($)

Gross Tonnage of called vessels

1,698,851

1,877,189

1,937,609

2,035,574

Cargo throughput (tonnes)

290,532

342,599

333,847

340,000

No. Containers (TEUs)

17,621

19,108

19,914

21,417

Number of Ships called

150

158

179

167

Number of Employees

150

165

152

150

The Ports Authority Tonga's Annual Report will be available at the Head Office, 1st floor Ports Authority Tonga Building, Queen Salote Wharf, Maúfanga at $50 paánga per copy. It can also be downloaded from the Ports Authority Tonga's website: www.portsauthoritytonga.com

Pulusi ‘o e Fakamatala Fakata’u 2016 – Ma’u Mafai ki he Ngaahi Taulanga ‘o Tonga

Press Release (Tongan) Óku fiefia á e Maú Mafai ki he Ngaahi Taulanga ó Tonga ke pulusi atu éne Fakamatala fakataú ki he 2016 á ia óku kau ai á e fakahoa éne fakahoko fatongia ki he palani fakapisinisi pea mo e tukufua ki he 2017 ó fakatatau ki he Kupu 22(2) ó e Lao ki he Ngaahi Pisinisi á e Puleánga 2002.  Na’e lekooti foki ha to e ikuna fisifisimu’a ‘e taha ‘i he ngata’anga ‘o e ta’u ‘e he Ma’u Mafai ‘a ia ‘oku fakahoko ai ‘a e fefakatau’aki, fakahoko ngaue ki he fe’ave’aki ‘o e ngaahi koloa pea mo e matapa ki he fefakatau’aki fakamamani lahi ‘i tahi.

Makamaile

1. Fehu’aki ‘o e Ngaahi Uta

Na’e laka hake ‘aki ‘a e peseti ‘e 15% ‘a e lahi ‘o e ngaahi uta mei he toni ‘e 290,532 ‘i he 2015 ki he toni ‘e 333,847 ‘i he 2016.  ‘Oku ‘amanaki ‘a e Ma’u Mafai ‘e hokohoko atu ai pe ‘a e fakautuutu ke lahi ange ‘a e fehu’aki ‘a e ngaahi uta koe’uhi ko e ngaahi poloseki langa lalahi ‘oku lolonga fakahoko ‘i he fonua.

Na’e fokotu’u mo e lekooti fo’ou ‘i he lahi ‘o e fehau’aki ‘o e ngaahi koniteina ‘i he tu’unga ma’olunga ko e koniteina ‘e 19,914 ‘i he 2016.

2. Ngaahi Vaka Tau-Mai

Na’e ‘i ai ‘a e fakalaka lahi ‘i he ngaahi vaka na’e tau-mai ki he Taulanga Nuku’alofa lolotonga ‘o e ta’u mei he 150 ‘i he 2015 ki he 179 ‘i he ngata’anga ‘o e 2016.  Ko e hiki ‘eni ‘aki ‘a e peseti ‘e 19% pe ko e ‘avalisi ki he vaka ‘e 15 ki he mahina.

3. Ngaahi Ngaue Lalahi Na’e Fakahoko

Na’e hokohoko atu ai pe ‘a e ‘inivesi ‘a e Ma’u Mafai ‘i he ngaahi ngaue ke fakamalohi’i pea tauhi ‘i he tu’unga lelei ‘a ‘ene fakahoko fatongia.  Ko e ‘inivesi ‘i he ngaahi koloa tu’uma’u na’e fakatefito ia ‘i he ngaahi poloseki ki he taulanga ‘o kau ai pea ‘ikai fakangatangata ki he ngaahi ngaue ni:

  1. Fokotu’u ‘o e ngaahi maama LED ‘i he Uafu Kuini Salote ‘a ia ’oku lelei age ‘a ‘ene ngaue‘aki e ivi‘i ‘uhila pea si’i hifo e volota ‘oku ne faka’aonga‘i ka e lolotonga ia ‘oku ne ‘omi ‘e ia ha maama lahi ange.
  2. Fakalelei’i ‘o e tau’anga ‘iote ‘i he Uafu Vuna.   
  3. Valita ‘o e konga ‘i he Uafu Fakatu’apule’anga ko Kuini Salote.
  4. Langa fo’ou ‘o e Uafu Fakalotofonua.
  5. Fakataumai ‘o e misini hiki mo fokotu’utu’u koniteina.
  6. Fakalelei’i ‘o e Fale ‘Ulu’i ‘Ofisi – Konga 1.

4. Ngaahi Fatongia Fakafeitu’u mo Fakafonua

I  he  lolotonga  e  ta‘ú  na‘e  kei  hokohoko  māfana  ai  pe  ‘a  e longomo‘ui ‘a e Ma‘u Mafai ‘i hono poupou mo tu‘uaki e ngaahi fatongia kehekehe ‘i he kolo mo e fonua ‘o fe‘unga faka-katoa pea mo e $77,552.51.

5. Tu’unga Fakapa’anga

  1. Na’e to e ikuna’i ‘e he Ma’u Mafai ha makamaile fo’ou ‘i he ‘ene fuofua a’usia ‘a hono tanaki ‘a e pa’anga humai fakalukufua ko e $10 miliona ‘i he ngata’anga ‘o e ta’u.  Ko e hiki hake ‘eni ‘aki ‘a e peseti ‘e 13% mei he ta’u kuo hili pea ma’olunga ‘aki ‘a e peseti ‘e 6% ‘i he Patiseti.
  2. Na’e toe fokotu’u foki ‘e  he  Ma‘u  Mafaí  mo  ha lekooti fo‘ou ne te‘eki a‘usia ki mu‘a, ‘a ia ko e tupu haohaoa  $2.2  miliona,  hili  hono  to‘o  ‘o  e  tukuhaú (NPAT), ‘o fakalaka hake ia ‘aki e peseti ‘e 16% mei he ola ‘o e 2014/15.
  3. Na’e hiki hake ‘aki ‘a e peseti ‘e 62% ‘a e lahi ‘o e totongi ‘inasi pe tiviteni na’e totongi ki he Ma’u ‘Inasi ki he $1.6 miliona, ‘a ia ko e peseti ia ‘e 75% ‘o e tupu haohaoa.

6. Ola Fakapa’anga

Fakamatala ki he Tupu mo e Mole

     

Fakaósinga ó e taú 30 Sune

2015

2016

2016

2017

Átita

Palani Fakapisinisi

Átita

Palani Fakapisinisi

Paánga humai fakakatoa

9,071,100

               9,708,000

             10,252,211

             11,078,000

Katoa ó e fakamole ki he ngaahi ngaue angamaheni

              (6,332,120)

              (7,341,000)

              (7,256,926)

              (7,521,000)

EBIT

               2,738,980

               2,367,000

               2,995,285

               3,557,000

Fakamole ki he ngaahi meá fakapaánga

                 (114,766)

                 (177,000)

                 (119,087)

                 (177,000)

Tupu kimuá hono toó ó e tukuhau

               2,624,214

               2,190,000

               2,876,198

               3,380,000

Tukuhau

                 (653,197)

                 (547,000)

                 (719,049)

                 (845,000)

Tupu hili hono toó ó e tukuhau

               1,971,017

               1,643,000

               2,157,149

               2,535,000

         

Fakamatala ki he Tuúnga Fakapaánga

     

I he áho 30 Sune

2015

2016

2016

2017

Átita

Palani Fakapisinisi

Átita

Palani Fakapisinisi

Ngaahi koloa   

4,371,981

4,298,000

3,818,035

4,121,000

Ngaahi koloa tuúmaú

19,331,138

23,775,000

20,656,112

24,768,000

Katoa ó e ngaahi koloa

23,703,119

28,073,000

24,474,147

28,889,000

         

Ngaahi moúa lolotonga

2,457,120

2,100,000

2,723,110

2,265,000

Ngaahi moúa taimi loloa

3,250,873

7,326,000

2,677,336

7,304,000

Katoa ó e ngaahi moúa

5,707,993

9,426,000

5,400,446

9,569,000

   

 

 

 

Katoa ó e ngaahi koloa hili hono toó ó e ngaahi moúa

17,995,126

18,647,000

19,073,701

19,320,000

         

Koloa kamata

10,949,097

10,949,097

10,949,097

10,949,000

Paánga Talifaki

7,046,029

7,697,903

8,124,604

8,371,000

Katoa ó e Sinoí Ínasi mo e paánga talifaki

17,995,126

18,647,000

19,073,701

19,320,000

         

Fakamatala ki he Fehuáki ‘a e Paánga

     

Fakaósinga ó e taú 30 Sune

2015

2016

2016

2017

Átita

Palani Fakapisinisi

Átita

Palani Fakapisinisi

Katoa ó e paánga humai mei he ngaue tefito

               4,072,727

               3,422,000

               4,324,276

               4,714,000

Katoa ó e paánga humai mei he ngaahi ínivesimeni

              (3,388,172)

              (5,995,000)

              (2,768,854)

              (7,108,000)

Katoa ó e paánga naé ngaueáki ki he ngaahi ngaue fakapaánga

              (1,044,805)

               1,524,000

              (1,471,959)

               1,077,000

Katoa ó e hiki/(holo) í he paánga pe tatau mo e paánga

                 (360,250)

              (1,049,000)

                     83,463

              (1,317,000)

Paánga mo e tatau mo e paánga í he kamataánga ó e taú

               2,208,937

               2,849,000

               1,848,687

               2,849,000

Paánga mo e tatau mo e paánga í he ngataánga ó e taú

               1,848,687

               1,800,000

               1,932,150

               1,532,000

 

       

Ngaahi Ola Fakapaánga

2015

2016

2016

2017

Átita

Palani Fakapisinisi

Átita

Palani Fakapisinisi

Tupu 'i he Sino'i 'Inasi

11%

9%

11%

13%

Tupu 'osi tukuhau'i ($)

1,971,017.00

1,643,000.00

2,157,149.00

2,535,000.00

Tupu kimu'a he totongi tupu mo e tukuhau ($)

2,738,980

2,367,000

2,995,285

3,557,000

Fakahoa 'o e mo'ua 'i he no mei he pangike ki he Sino'i 'Inasi

18%

39%

14%

38%

Pa'anga humai mei he ngaue tefito

4,072,727

3,422,000

4,324,276

4,714,000

Mafai totongi ó e totongi tupu í he no

24

13

25

20

         

Ngaahi Ola ‘o e Fakahokofatongia

2015

2016

2016

2017

Átita

Palani Fakapisinisi

Átita

Palani Fakapisinisi

Mamafa fakakatoa ó e ngaahi vaka naé tau mai

1,698,851

1,877,189

1,937,609

2,035,574

Lahi ó e koloa humai/hu atu (toni)

290,532

342,599

333,847

340,000

Lahi ó e koniteina (TEUs)

17,621

19,108

19,914

21,417

Lahi ó e ngaahi vaka naé tau mai

150

158

179

167

Tokolahi ó e kau ngaue

150

165

152

150

É malava ke maú atu á e fakamatala fakataú á e Maú Mafai ki he Ngaahi Taulanga mei he ‘Uluí ‘Ofisi pe, fungavaka úluaki ó e Ófisi ó e Maú Mafai ki he Ngaahi Taulanga, Uafu Kuini Salote, Maúfanga ki he paánga é 50 ki he tatau. É toe malava pe foki ke to e maú atu í he ngaluope, tuásila: www.portsauthoritytonga.com