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 Data

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 ($ million)	2002/03	2003/04	2004/05	2005/06*	2007/08*
Financial Performance
Total Operating Revenue	48.9	54.4	56.2	62.5	58.9
Net Profit After Tax	2.8	3.4	3.0	1.7	0.7
Financial Position
Total Assets	19.6	24.0	27.8	33.3	34.5
Equity	9.6	13.0	16.3	21.5	20.0

 All information correct as at 30 June 2008.

*PFL has adopted IFRS Reporting, with a transition date of 1 July 2006.