Ports Authority 2020 ANNUAL REPORT Kele'a News in Tonga

Ports Authority 2020 ANNUAL REPORT

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PULUSI 'O E FAKAMATALA FAKATA'U KI HE 2020
Oku fiefia 'a e Ma'u Mafai ki he Ngaahi Taulanga 'a Tonga ke pulusi 'a e to'oto'o konga lalahi 'o e fakamatala fakata'u ki he 2020 'a ia 'oku kau ai 'a e fakahoa e ola fua-fatongia ki he palani faka-pisinisi pea mo e taketi ki he 2021 fakatatau ki he Section 22 (2) of Public Enterprises Act 2002.

FAKAMATALA KI HE OLA FAKAPA'ANGA
Faka'osinga 'o e Ta'u 30 Siune	2019	2020	2020	2021
Faka'osinga 'o e Ta'u 30 Siune	Ola 'Atita'i	Palani Fk-Pisinisi	Ola 'Atita'i	Palani Fk-Pisinisi
Katoa 'o e pa'anga humai	13,425,199	13,888,000	12,099,429	13,306,000
Katoa 'o e fakamole ki he fakalele e ngaue	6,971,435	7,052,000	6,893,699	6,433,000
Tupu te'eki to'o e totongi toloi, tukuhau, mo e holo 'i he mahu'inga e ngaahi koloa	6,453,764	6,836,000	5,205,730	6,872,000
Holo 'i he mahu'inga 'o e ngaahi koloa	2,044,478	2,122,000	2,300,560	2,318,000
Katoa fakamole pe tupu mei he me'a fakapa'anga	5,006	115,000	164,418	165,000
Pa'anga humai mei he me'a fakapa'anga	107,121		5,270
Fakamole ki he me'a fakapa'anga	112,127	115,000	169,688	165,000
Tupu kimu'a pea to'o e tukuhau	4,404,280	4,598,000	2,740,752	4,389,000
Fakamole ki he tukuhau	1,092,510	1,149,000	685,492	1,097,000
Tupu 'osi 'a e tukuhau	3,311,770	3,448,000	2,055,260	3,292,000

FAKAMATALA KI HE TU'UNGA FAKAPA'ANGA
I he 30 Siune	2019	2020	2020	2021
I he 30 Siune	Ola 'Atita'i	Palani Fk-Pisinisi	Ola 'Atita'i	Palani Fk-Pisinisi
Ngaahi koloa	5,943,903	4,093,000	3,465,574	3,747,000
Ngaahi koloa tu'uma'u	24,796,360	29,219,000	27,141,493	29,748,000
Fakakatoa 'o e ngaahi koloa	30,740,263	33,312,000	30,607,067	33,495,000

Ngaahi mo'ua lolotonga	5,331,076	4,260,000	3,211,529	4,060,000
Ngaahi mo'ua taimi loloa	1,862,903	3,781,000	2,821,624	3,298,000
Fakakatoa 'o e ngaahi mo'ua	7,193,979	8,041,000	6,033,153	7,358,000

FAKAKATOA 'O E NGAAHI KOLOA HILI HONO TO'O 'O E NGAAHI MO'UA	23,546,284	25,271,000	24,573,914	26,137,000

Sino'i 'Inasi	10,949,097	10,949,097	10,949,097	10,949,097
Pa'anga talifaki	12,597,187	14,321,903	13,624,817	15,187,903
Inasi	23,546,284	25,271,000	24,573,914	26,137,000

FAKAMATALA KI HE FEHU'AKI 'A E PA'ANGA
Faka'osinga 'o e Ta'u 30 Siune	2019	2020	2020	2021
Faka'osinga 'o e Ta'u 30 Siune	Ola 'Atita'i	Palani Fk-Pisinisi	Ola 'Atita'i	Palani Fk-Pisinisi
Katoa 'o e pa'anga humai mei he ngaahi ngaue tefito	5,289,891	5,941,000	4,339,849	6,174,000
Katoa 'o e pa'anga ne ngaue'aki ki he ngaahi ngaue fakatupu pa'anga	(6,139,440)	(6,604,000)	(4,648,389)	(3,479,000)
Katoa 'o e pa'anga na'e ngaue'aki ki he ngaahi ngaue fakapa'anga	(585,985)	(724,000)	(1,861,810)	(1,920,000)
Tupu / (Holo) 'i he pa'anga pe tatau 'o e pa'anga	(1,435,534)	(1,387,000)	(2,170,350)	775,000
Pa'anga mo e tatau 'o e pa'anga 'i he kamata'anga 'o e ta'u	4,222,881	2,787,000	2,787,347	627,000
Pa'anga mo e tatau 'o e pa'anga 'i he faka'osinga 'o e ta'u	2,787,347	1,400,000	616,997	1,402,000

NGAAHI ME'A FAKAPA'ANGA	2019	2020	2020	2021
NGAAHI ME'A FAKAPA'ANGA	Ola 'Atita'i	Palani Fk-Pisinisi	Ola 'Atita'i	Palani Fk-Pisinisi
Tu'unga tupu 'o e kautaha	25%	25%	17%	25%
Tupu te'eki to'o e totongi toloi, tukuhau, mo e holo 'i he mahu'inga e ngaahi koloa	6,453,764	6,836,000	5,205,730	6,872,000
Tupu 'i he ngaahi koloa	11%	10%	7%	10%
Tupu 'i he koloa 'a e ma'u 'inasi	14%	14%	8%	13%
Fakahoa 'o e mo'ua ki he 'inasi	23%	24%	20%	22%
Fakapapau'i 'e lava 'o totongi e totongi toloi 'o ha no	881	41	18	28

NGAAHI ME'A FAKANGAUE	2019	2020	2020	2021
NGAAHI ME'A FAKANGAUE	Ola 'Atita'i	Palani Fk-Pisinisi	Ola 'Atita'i	Palani Fk-Pisinisi
Fakakatoa e mamafa 'o e ngaahi vaka na'e tau mai	2,900,319	2,900,319	2,081,271	2,005,113
Lahi e koloa fehu'aki	430,656	473,726	383,045	415,580
Lahi e koniteina (Fute 20)	26,046	27,020	23,581	24,118
Tu'olahi e tau mai 'a e ngaahi vaka	218	227	191	194
Tokolahi 'o e kau ngaue	148	150	148	155

E malava foki ke ke ma'u atu 'a e tatau 'o e fakamatala fakata'u 'a e Ma'u Mafai ki he Ngaahi Taulanga 'o Tonga mei homau 'ulu'i 'ofisi, levolo 1 'a e fale 'o e Ma'u Mafai ki he Ngaahi Taulanga 'o Tonga, Uafu Kuini Salote, Ma'ufanga 'aki 'a e $50 ki he tatau. 'E toe malava foki ke ke ma'u ia 'i ho'o 'ahia 'emau peesi fakatekinolosia: www.portsauthoritytonga.com


PUBLICATION OF 2020 ANNUAL REPORT
Ports Authority Tonga is pleased to publish a summary of its 2020 Annual Report including performance against business plan and 2021 projections in accordance to Section 22 (2) of Public Enterprises Act 2002.

STATEMENT OF FINANCIAL PERFORMANCE
Year Ended 30 June	2019	2020	2020	2021
Year Ended 30 June	Audited	Business Plan	Audited	Business Plan
Total Revenue	13,425,199	13,888,000	12,099,429	13,306,000
Total Operating Expenses	6,971,435	7,052,000	6,893,699	6,433,000
EBITDA	6,453,764	6,836,000	5,205,730	6,872,000
Depreciation	2,044,478	2,122,000	2,300,560	2,318,000
Net Finance Cost	5,006	115,000	164,418	165,000
Interest Income	107,121		5,270
Interest Expenses	112,127	115,000	169,688	165,000
Net Profit Before Tax	4,404,280	4,598,000	2,740,752	4,389,000
Income Tax	1,092,510	1,149,000	685,492	1,097,000
Net Profit After Tax	3,311,770	3,448,000	2,055,260	3,292,000

STATEMENT OF FINANCIAL POSITION
As At 30 June	2019	2020	2020	2021
As At 30 June	Audited	Business Plan	Audited	Business Plan
Current Assets	5,943,903	4,093,000	3,465,574	3,747,000
Non-Current Assets	24,796,360	29,219,000	27,141,493	29,748,000
Total Assets	30,740,263	33,312,000	30,607,067	33,495,000

Current Liabilities	5,331,076	4,260,000	3,211,529	4,060,000
Non-Current Liabilities	1,862,903	3,781,000	2,821,624	3,298,000
Total Liabilities	7,193,979	8,041,000	6,033,153	7,358,000

NET ASSETS	23,546,284	25,271,000	24,573,914	26,137,000

Capital	10,949,097	10,949,097	10,949,097	10,949,097
General Reserve	12,597,187	14,321,903	13,624,817	15,187,903
EQUITY	23,546,284	25,271,000	24,573,914	26,137,000

STATEMENT OF CASH FLOW
Year Ended 30 June	2019	2020	2020	2021
Year Ended 30 June	Audited	Business Plan	Audited	Business Plan
Net cash generated from operating activities	5,289,891	5,941,000	4,339,849	6,174,000
Net cash used in investing activities	(6,139,440)	(6,604,000)	(4,648,389)	(3,479,000)
Net cash used in financing activities	(585,985)	(724,000)	(1,861,810)	(1,920,000)
Net increase/(decrease) in cash and cash equivalents	(1,435,534)	(1,387,000)	(2,170,350)	775,000
Cash and cash equivalents at the beginning of the year	4,222,881	2,787,000	2,787,347	627,000
Cash and cash equivalents at the end of the year	2,787,347	1,400,000	616,997	1,402,000

FINANCIAL REVIEW	2019	2020	2020	2021
FINANCIAL REVIEW	Audited	Business Plan	Audited	Business Plan
Profitability	25%	25%	17%	25%
EBITDA	6,453,764	6,836,000	5,205,730	6,872,000
Return on Assets	11%	10%	7%	10%
Return on Equity	14%	14%	8%	13%
Debt ratio	23%	24%	20%	22%
Interest time cover	881	41	18	28

OPERATIONAL REVIEW	2019	2020	2020	2021
OPERATIONAL REVIEW	Audited	Business Plan	Audited	Business Plan
Gross Tonnage of called vessels	2,900,319	2,900,319	2,081,271	2,005,113
Cargo throughput (tonnes)	430,656	473,726	383,045	415,580
No. Containers (TEUs)	26,046	27,020	23,581	24,118
Number of Ships called	218	227	191	194
Number of Employees	148	150	148	155

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