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 |
Anasa Vocea (Fijian Appointee) |
| Deputy Chair |
Patrick Fepulea’i (Samoan Appointee) |
| Board Membership |
Alf Itisimaera (Nauru Appointee) |
| |
James Cecil Cocker (Tongan Appointee) |
| |
Christopher Rupen (Papua New Guinean Appointee) |
| |
Dave Morgan (New Zealand Appointee – term expires April 2007) |
| |
Aukino Tairea (Cook Islands Appointee) |
| CEO |
John MacLennan
|
| Balance Date |
31 December
|
| Number of FTE Staff |
140
|
Key Financial Data
($ million) |
2001/02 |
2002/03 |
2003/04 |
2004/05 |
2005/06 |
| Financial Performance |
|
|
|
|
|
| Total Operating Revenue |
50.9 |
48.9 |
54.4 |
56.2 |
62.5 |
| Net Profit After Tax |
2.0 |
2.8 |
3.4 |
3.0 |
1.7 |
| Financial Position |
|
|
|
|
|
| Total Assets |
18.8 |
19.6 |
24.0 |
27.8 |
26.1 |
| Equity |
6.8 |
9.6 |
13.0 |
16.3 |
17.7 |
All information correct as at
31 December 2006.
