Communications, Services & Infrastructure Sector
Pacific Forum Line Ltd (PFL)
The South Pacific Forum established PFL in 1977 as a commercial shipping company and as an instrument for regional development. The New Zealand Government holds 23.2% of the shares in PFL and 8.3% of the voting rights, which are divided equally between 12 of the South Pacific Forum countries. PFL is registered in Samoa, although its head office is in Auckland. It operates through its New Zealand subsidiary, Pacific Forum Line (NZ) Ltd.
New Zealand appoints one of seven directors on the PFL Board.
Website: www.pflnz.co.nz (opens in new window)
Key Company Information
Key Company Data - Pacific Forum Line Ltd (PFL)
| Company Form | Samoan-registered company |
|---|
| Year of Establishment | 1977 |
|---|
| Head Office | Auckland |
|---|
| Chair | Patrick Fepulea’i (Samoan Appointee) |
|---|
| Deputy Chair | Christopher Rupen (Papua New Guinean Appointee) |
|---|
| Board Membership | Sprent Dabwido (Nauru Appointee)
Paul Karalus (Tongan Appointee)
John Rounds (Fiji Appointee)
Dave Morgan (New Zealand Appointee)
Crossley Tatui (Niue Appointee) |
|---|
| CEO | John MacLennan |
|---|
| Balance Date | 31 December |
|---|
| Number of FTE Staff | 129 |
|---|
Key Financial Data
Pacific Forum Line Ltd
| Key Financial Data ($million) | 2004/05 | 2005/06 | 2006/07 | 2007/08 | 2008/09 |
|---|
| Operating Revenue | 55.7 | 61.7 | 59.0 | 53.9 | 0.0 |
|---|
| EBITDAF | 6.0 | 3.6 | 2.4 | -1.8 | 0.0 |
|---|
| Net Profit After Tax | 3.0 | 1.6 | 0.7 | -2.3 | 0.0 |
|---|
| Shareholder Equity | 23.3 | 23.3 | 20.1 | 22.6 | 0.0 |
|---|
| Assets | 35.3 | 33.8 | 34.5 | 33.4 | 0.0 |
|---|
| Dividends | 0.0 | 0.7 | 0.0 | 0.0 | 0.0 |
|---|
| Return on Equity | 13.8% | 6.8% | 3.4% | 0.0% | 0.0% |
|---|
| Return on Assets | 14.7% | 5.5% | 2.2% | 0.0% | 0.0% |
|---|
| Gearing | 12.2% | 8.1% | 4.6% | 0.0% | 0.0% |
|---|
Financial data correct as at 30 June 2009.
