Tonga Assets Managers & Associates Limited

Board of Directors

Director Position Expiry
Mr T. Va’inga Palu Chairperson 18th Jan 2018
Mr Semisi Tapueluelu Member 21st Jan 2018
Mr Salesi Fotu Member 20th Apr 2018
Mr Tatafu Moeaki Member 31st Oct 2016

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

Financial Highlights (T$’000) 2014 2015 2016 4-yr Average
Revenue 498 943 749 575
Net Profit After Tax -154 314 328 -35
CSO payments 0 0 0 0
Total Assets 9,317 9,406 18,979 9,353
Total Liabilities 1,894 1,664 1,937 1,771
Shareholders’ Funds 7,423 7,742 17,041 7,581
ROE % -2.0% 4.0% 1.93% -0.5%
ROA % -2.0% 3.0% 1.73% -0.4%
Asset Utilization 5% 10% 6%
Cash / Current liabilities 0.567 1.761 0.896

Important Documents