Board of Directors
Lavea Lemalu Tupuola Sione Malifa (Chair)
Taimalie Ernest Betham
Tufuga Fagaloa Tufuga
Rev Tunupopo Patu
To’omata Tua Afamasaga
Su’a Henry Fruean
Tuilagi James Bartley
Activities
The Samoa Land Corporation (SLC) was established in 1990 to manage and divest 24,000 acres of land formerly owner by the Western Samoa Trust Estates Corporation.
The overall goal of the Corporation is to divest its assets on a commercial basis, to assist with the promotion of socio-economic development opportunities for the people of Samoa and generate revenue for Government.
SLC is subject to the:
- Companies Act 2001
- Public Bodies (Performance and Accountability) Act 2001
- Public Bodies (Performance and Accountability) Amendment Act 2015
- Public Bodies (Performance and Accountability) Act Regulations 2002 and
- Composition of Boards of Public Bodies Act 2012.
SLC is governed by a board of directors that is responsible to the Minister of Public Enterprises.
Vision and Mission
SLC’s vision is “to ensure current and future generations of Samoa benefit from the sustainable management of all SLC assets”. Its mission is “to promote social and economic development opportunities for the people of Samoa, through the efficient and effective use of all Corporations’ assets”.
Community Service Obligations
SLC does not provide any community service obligations.
Financial Highlights
| Financial Highlights (ST ‘000) | 2013 | 2014 | 2015 | 5-yr Average |
| Revenue | 11,293 | 8,985 | 9,356 | 7,955 |
| Net Profit After Tax | 509 | 249 | -636 | 195 |
| CSO payments | 0 | 0 | N/A | N/A |
| Total Assets | 120,070 | 122,122 | 119,113 | 119,666 |
| Total Liabilities | 66,401 | 68,328 | 62,870 | 39,758 |
| Shareholders Funds | 53,669 | 53,794 | 56,243 | 79,908 |
| ROE % | 1% | 0% | -1% | 0% |
| ROA % | 0% | 0% | -1% | 0% |
| Asset Utilization | 9% | 7% | 8% | 7% |
| Cash / Current liabilities | 0.433 | 0.019 | N/A | N/A |
Important Documents
Website