Corporate Information
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corporate information Chairman Ron McLean Deputy Chairperson Beth Keating Board Directors Terrence Baxter Mark Bragg Jennifer Gleeson Tom Greenwood Cr Tony Mooney Marjorie Pagani Ex-Officio Director Captain Ian Wood Regional Harbour Master Chief Executive Officer Lin Taylor In support of the Vision for TPA, Deputy Chief Executive Officer our Core Values are to:- Martin Norman 1. Operate in a responsible, ethical, Manager Engineering Business Unit Larry Hore honest manner and to display integrity in all of our dealings Manager Human Resources Business Unit and negotiations. Greg Sentinella Corporate Services Manager 2. Create an open, encouraging, Susan Carrington motivating work environment, that gives TPA employees the Development Works Manager opportunity to work to their Jason Mahlberg maximum potential and to be Environmental Services Manager rewarded accordingly. Caryn Anderson 3. Promote and recognise innovation Finance Manager John Sherriff in our customer services and work processes, through continuous Port Services Manager Dave King improvement and/or technology enhancements. Trade Development Manager Darrin Pearce 4. Be responsive to our customers’ expectations, be competitive Bankers ANZ Banking Group Ltd and maintain an uncompromising commitment to high quality, Solicitors Roberts, Leu & North customer service at all levels of TPA. Auditor Auditor-General of Queensland 5. Treat all of our stakeholders with Principal Office Benwell Road courtesy and respect. Recognise TOWNSVILLE that customers are the reason for QLD 4810 our organisation’s existence. PO BOX 1031 TOWNSVILLE 6. Adopt a pro-active approach QLD 4810 towards environmental Telephone (61 7) 4760 2111 management at the Port of Townsville by implementing Facsimile (61 7) 4760 2122 a fully integrated environmental Email [email protected] management system. Year in brief • transported over 8.1 million tonnes of cargo • dividend of 70% of profit after tax proposed over our wharves achieving our 12th • achieved an operating profit of $3,929,077 consecutive year of record trade growth • the effects of the Asian economic crisis • individual trade records set for nickel ore affected our live cattle trade by 41.8% or and general cargo imports, and meat, 19,321 head tallow, copper and lead concentrate exports • finalised year 2000 strategies and conducted • net capital expenditure of $2,770,462 live testing of systems • no new loan raisings. Loan liability reduced • WMC Fertilizers’ construction of storage and to $3.4 million handling facilities 50% complete. financial summary for year ended 30 June 1999 1999 1998 % CHANGE Operating Revenue $21,832,008 $19,710,893 +10.7 Operating Expenses $17,902,931 $17,098,566 +4.7 Operating Profit $3,929,077 $2,612,327 +50.4 NET CAPITAL EXPENDITURE $2,770,462 $27,445,620 -89.9 Total Assets $185,490,121 $186,493,860 -0.5 4 Total Liabilities $15,299,188 $13,486,638 +13.4 TOTAL EQUITY $170,190,933 $173,007,222 -1.6 Current Ratio 1.47 1.32 +11.4 Debt Equity Ratio 0.02 0.03 -33.3 Interest Cover Ratio 20.74 6.76 +260.8 EARNINGS BEFORE INTEREST AND TAX $4,128,107 $3,065,732 +34.6 Total trade throughput 1989/90 to 1998/99 Exceeding the 8 million tonne mark is a tremendous result. 10000 9000 8000 7000 6000 5000 4000 3000 Mass Tonnes (x1000) Mass Tonnes 2000 1000 Imports 1998/99 Exports 1998/99 0 Total imports accounted for 4.85 million Total exports were at an all time high 89/90 90/91 91/92 92/93 93/94 94/95 95/96 96/97 97/98 98/99 tonnes of cargo. with over 3.29 million tonnes. Year Cement 6.0% Suphur 0.1% Minerals 43.5% General 5% Nickel Ore 70.8% General 2.4% Sugar 31.9% Meat Products 2.2% Fertiliser 1.9% Oil 18.4% Molasses 9.3% Cattle 0.4% Sulphuric Acid 0.3% Metals 7.7% The port is located on the east coast of Australia, 1359 km from Brisbane, the State’s capital. Townsville Port has a land and sea jurisdiction in excess of 400 square kilometres. 5 Imports by country 1998/99 Exports by country 1998/99 Total trade by commodity 1998/99 New Caledonia and Indonesia are the Japan was the largest single market for Nickel ore remained the major import cargo dominant markets due to nickel ore imports. exports this year. representing 42.2% of total trade. New Caledonia 41.1% Japan 23.2% Saudi Arabia 5.0% Nickel Ore 42.2% Indonesia 25.2% Philippines 4.7% Korea 18.9% Belgium 3.8% Minerals 17.6% Intrastate 13.9% Other 4.2% China 9% PNG 2.8% Sugar 12.9% Interstate 7.4% Singapore 3.6% Other 8.2% Malaysia 2.8% Oil 11% Fertiliser 1.2% India 5.8% Australia 2.3% Molasses 3.8% Meat Products 0.9% Taiwan 5.4% Canada 2.2% Cement 3.6% Cattle 0.2% UK 4.8% Iran 1.3% General 3.4% Sulphuric Acid 0.2% USA 4.7% Metals 3.1% Sulphur 0.1% About Communication our report materials Our report communicates our financial and business activities and achievements can be obtained from Marketing and Trade Development by telephoning (07) 4760 2242 for the fiscal year from 1 July 1998 to 30 June 1999. In it we try to explain who we are, what we aimed to achieve in the year, what we did achieve and our future direction. It will also give you a comprehensive overview of our cash flows. Our report is designed to promote improved add your name communication by providing clear, concise and Office locations accurate information about our performance to our database 21 Walker Street to our stakeholders including our customers, Copies are available free by telephoning Townsville Qld service and industry providers, government + 61 7 4760 2242. A database records all and other interested parties. mailing addresses for those wishing to be placed on it to receive future publications. It is also used to support the marketing of the Authority to potential customers and is widely your comments distributed throughout Australia and overseas. are important to us records are Our 1997/98 annual report was recognized at the 18th Anniversary of the Institute of made to be broken Internal Auditors Inc. (Qld Branch) Queensland This year we celebrated another milestone, Public Sector Annual achieving our twelfth consecutive year of Report Awards, were it was record trade, despite some impediments. The awarded a Commendation. Asian currency crisis, the poor world market Port Control Building values of metal and raw sugar, weather We are continually striving 2nd floor, Suter Pier effected local sugar production and the to achieve excellence in Townsville Qld unfavourable exchange rate being experienced annual reporting. Feedback in local and international markets, are all on the contents and style factors which influenced trade outcomes. of this report is important to us, so we can improve Our people and our port customers, both future reporting and we welcome Designed and printed by existing and new, are the key to the successes your comments and suggestions on GOPRINT 371 Vulture Street, being achieved at the Port of Townsville and the feedback form enclosed. Woolloongabba Qld 4102 this report recognises their initiatives and Telephone: (07) 3246 3500 achievements during the past year. Facsimile: (07) 3246 3607 GOPRINT Engineering Services Centre Benwell Road COVER PHOTO The Transgiant, a 223.7m bulk carrier, Townsville Qld loading raw sugar bound for Canada. Sugar is supplied to the Townsville bulk sugar terminal by Inkerman, Kalamia, Pioneer and Invicta mills which contributed over one million tonnes Photography by of raw sugar to overseas markets. John de Rooy Photography 8 Aloomba Crescent, Cranbrook Townsville Qld 4814 Telephone: (07) 4725 4660 Mobile: 0418 980 644 Fax: (07) 4728 1318 "We value highly our customers’ comments and will continue to take action to attend to those matters which fall below our customers’ expectations. We will continue to consult with our customers in an effort to understand their business needs." Joint overview from our chairman and chief executive officer The Port of Townsville achieved record trade throughput for the twelfth consecutive year during 1998/99. More than 8.1 million tonnes of cargo passed over our wharves during the year, an increase of almost 5% over the previous year. New records were also established for import cargo at more than 4.8 million tonnes – an increase of 3.7% over last year and exports at almost 3.3 million tonnes – an increase of 7%. Much effort in the year under review was There was also some upward pressure on devoted to preparing the port for the very expenses during the year, owing to our Y2k busy period expected over the next 5 years. preparation program, and major studies With two major relating to port regional projects access and port coming on stream rationalisation. Our during the year 2000 landside (WMC Fertilizers and maintenance the Sun Metals program was also refinery), the port’s accelerated. facilities will be stretched. Directors Whilst we have a and managers are limited ability to working with key effect changes in stakeholders to the accounting 7 maintain a high level processes which of service to determine customers while depreciation and using economies Ron McLean, Chairman (left) and Lin Taylor, income tax Chief Executive Officer (right). brought by new trade equivalents expense, to help maintain the port’s position in steps can be taken to reduce cash expenditures providing value for money services. and divest or improve revenues from under- performing assets. We will be looking at The profit result for the year was satisfactory. opportunities to make operational Revenue (excluding pilotage) increased by 4% improvements in the coming year.