BOARD OF DIRECTORS
Dr. Sione Ngongo KIOA
Position: Chairman
Mr. Michael A. BLOOMFIELD
Position: Deputy Chairman
Mr. To’imoana TAKATAKA
Position: Board Member
Mr. Fakahau VALU
Position: Board Member
Mr. Sione Havea TAIONE
Position: Board Member
Mr. Soakai MOTU’APUAKA
Position: Board Member
Mr. ‘Etuate SAKALIA
Position: Board Member
ACTIVITIES
Friendly Islands Shipping Agency is part of the Transport group of SOEs and its board is shared with Ports Authority Tonga and Tonga Airports Limited.
MISSION
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FINANCIAL HIGHLIGHTS
| Audited Financial Highlights (T$’000) | 2017 | 2018 | 2019 | 2020 | 2021 | 5-yr Average |
| Revenue | 8,783 | 10,626 | 10,177 | 7,806 | 7,636 | 9,006 |
| Net Profit After Tax | 365 | 1,519 | -2,886 | 856 | 745 | 120 |
| CSO payments | – | – | – | – | – | – |
| Total Assets | 42,966 | 50,993 | 11,362 | 11,690 | 11,650 | 25,732 |
| Total Liabilities | 37,517 | 44,135 | 8,005 | 12,729 | 11,911 | 22,859 |
| Shareholders’ Funds | 5,449 | 6,858 | 3,357 | -1,040 | -261 | 2,873 |
| Avg. ROE % | 13% | 25% | -57% | 74% | -115% | -12% |
| Avg. ROA % | 2% | 3% | -9% | 7% | 6% | 2% |
| Asset Utilization | 36% | 23% | 33% | 68% | 65% | 45% |
| Cash / Current liabilities | 6.03 | 0.74 | 0.34 | 0.22 | 0.33 | 1.53 |
IMPORTANT DOCUMENTS
- Reports (Annual Reports / Corporate Plan)
- Legislations (Act / Policy)
WEBSITE
Friendly Islands Shipping Agency