Tonga Assets Managers & Associates Limited

TAMA logo1

 

 

 

 BOARD OF DIRECTORS

salesi fotu

Mr. Salesi FOTU

Position: Chairperson

 TEISINA

Mr. Teisina FUKO

Position: Deputy Chairman

SIAMELIE

Mr. Si’amelie LATU

Position: Board Member

 KATALINA TOHI

Mrs. Katalina TOHI

Position: Board Member

FUSI VAITAI

 Mr. Fusi VAITAI

Position: Board Member

IKA TAKAU

Mr. Ika TAKAU

Position: Board Member

POASI NIU

Mr. Poasi NIU

Position: Board Member

 

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

Audited Financial Highlights (T$’000) 2018 2019 2020 2021 2022 5-yr Average
Revenue 799 888 893 1,070 860 902
Net Profit After Tax (437) (532) (448) (440) (467) (465)
CSO payments – – – – – 0
Total Assets 18,461 17,957 17,437 14,676 14,061 16,518
Total Liabilities 1,729 1,791 1,823 1,714 1,747 1,761
Shareholders’ Funds 16,733 16,165 15,614 12,961 12,313 14,757
Avg. ROE % -3% -3% -3% -3% -4% -1%
Avg. ROA % -2% -3% -3% -3% -3% -3%
Asset Utilization 4% 5% 5% 7% 6% 5%
Cash / Current liabilities 3.89 3.56 3.51 2.43 2.00 3.08

Important Documents