Board of Directors
Leaupepe Esera Poliko (Chair)
Taimalelagi Fagamalama Tuatagaloa
Seumanutafa Dr Malcolm Hazelman
Mulipola Anarosa Ale Molio’o
Tapuai Laupua Fiti
Ifopo Matia Filisi Jahnke
Logotaua Palepa Swanney
Activities
The Samoa Trust Estates Corporation (STEC) was established under the Samoa Trust Estates Corporation Act 1977 to develop and maintain plantations on Upolu, wholesale and retail cattle, produce and sell coconuts, copra, vegetables, firewood and livestock. STEC was restructured in 1990 under the Samoa Trust Estates Corporation Reconstruction Act, which requires it carry on its operations “with a view to the privatisation of its enterprise by disposal or otherwise”.
STEC is also 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.
STEC is governed by a board of directors that is responsible to the Minister of Public Enterprises.
Community Service Obligations
STEC does not provide any community service obligations.
Financial Highlights
| (ST ‘000) | 2013 | 2014 | 2015 | 5-yr Average |
| Revenue | 257 | 398 | 388 | 449 |
| Net Profit After Tax | -1,269 | -1,443 | -1,248 | -1,256 |
| CSO payments | 0 | 0 | N/A | N/A |
| Total Assets | 49,381 | 48,322 | 47,677 | 49,562 |
| Total Liabilities | 5,507 | 5,891 | 6,494 | 5,799 |
| Shareholders Funds | 43,874 | 42,431 | 41,183 | 44,012 |
| ROE % | -3% | -3% | -3% | -3% |
| ROA % | -3% | -3% | -3% | -3% |
| Asset Utilization | 1% | 1% | 1% | 1% |
| Cash / Current liabilities | 0.000 | 0.000 | N/A | N/A |
Important Documents
- STEC annual accounts