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Publication of 2016 Annual Report

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28th March, 2017 English l Tongan TAMA was established as a public enterprise in 2011, inheriting the management and operation of the Small Industries Centre in Ma’ufanga and Vava’u, and more recently included other Government properties such as the former Sea Star Fishing Company at Tuimatamoana, former ‘Apimataka at Havelu and Tofoa and the former Polynesian Shipping Company at Sopu.

TAMA is a small Public Enterprise but has this financial year declared a net profit for the second time and paid dividend to the Shareholder, the Government of Tonga.

a)       Performance against Targets for 2016 and Projections for 2017

Audit 2016

(T$)

Targets 2016

(T$)

Projection 2017

(T$)

Total revenue

$749,889

$789,244

$841,668

Total Expenses

$374,071

$343,132

$1,283,555

Net Profit after Tax

$328,915

$62,650

($441,887) *

Non Financial Items:

  • Occupancy rate
  • Reinvestment in infrastructures
  • Debtors Ratio

91%

$112,741

0.7%

100%

$121,370

5.2%

100%

$113,618

5.2%

*High depreciation due to impact of revaluation of TAMA fixed assets.

b)       Availability of Annual Report :

The TAMA’s Annual Report for 2016 is available at the Management Office, Tonga Asset Managers & Associates Ltd., Small Industries Centre, Ma’ufanga at a minimal cost of $15.00 a copy.

c) Brief Statement of financial Transactions with Government during the year:

i. Capital Injection during the year – None

ii. Debt Guarantee by Government – None

iii. Payment by Government if >10% of Total Revenue – None

iv. Payment by Government if >10% of Capital – None

END

Issued by the: Small Industries Centre, Alaivahamama’o Rd, NUKU’ALOFA, P.O. Box 382; Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it Phone: (676) 23 880 or 21-880 Fax: (676) 23 800

 

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