PPA Corrected PDF for Web.Pdf
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01 New PPA Vision, Mission and Corporate Values 02 Message of the General Manager 04 Shipping and Trade Performance 08 Port Services 12 Physical Infrastructure Development and Maintenance Financial Performance 18 Sustainability., Environment & People 22 PPA Performance at a Glance 34 Completed and Ongoing Locally Funded Projects 36 Port Statistics 38 Independent Auditor’s Report 42 43 Financial Statements 47 Notes to Financial Statements 58 Board of Directors 60 Executive Officers 62 PDO/PMO Managers PHILIPPINEPHILIPPINE PORTSPORTS AUTHORITYAUTHORITY63 Department Managers IBC Directory Our Cover The cover design – that of radiating circles – symbolizes unity, wholeness and focus of PPA towards enhancing the ANNUALANNUAL REPORTREPORT 20112011 This page: Manager Roger experience of its clients as they go about B. Asprer with his PMO doing business with PPA, availing of its Dapitan staff (above); Opposite page: Port of services and using its facilities. Zamboanga (top) Interspersed with the images are text blocks from client testimonials relating to the performance of PPA. The interlinking of images and texts on a circular pattern provides an appealing representation of PPA as an organization striving to embed the goal of enhancing client experience in its plans and program preparation. 2 Vision By 2030, customers doing business in our ports shall experience full and sustained productivity, efficiency, comfort, connectivity, safety and security”. Port of Zamboanga Mission “We commit to provide reliable and responsive services in our ports, sustain development of our port communities and the environment and be a model corporate agency of the government.” PHILIPPINE PORTS AUTHORITY Corporate Values Creativity: Innovation, Adaptability Responsibility: Accountability, Taking and Managing Risks Ethics: Integrity within Moral Bounds Sincerity: Commitment to Fulfil Mandate ANNUAL REPORT 2011 Teamwork: Synergy of Working Together 1 Message of the General Manager With solidarity and focus on our corporate vision, the dedication and perseverance of our over 2000-strong workforce and the support of our stakeholders and Board of Directors, we look forward to seeing a PPA continuously anchored on durability, growth and success. PHILIPPINEPHILIPPINE PORTSPORTS AUTHORITYAUTHORITY I am pleased to report that despite a weak global economic environment and a tepid economic growth for the country in 2011, our organization maintained its steady performance as cargo volume advanced by 7.14 percent or an increase of about11.88 million metric tons, with domestic and foreign cargo rising by 6.27 and 7.77 percent, respectively. The As more Filipinos travelled by air and competitive and at par with services volume improvement was generated availed of consistent promotional prevailing at the country’s bigger by a combination of a lot of factors, one fares offered by budget airline carriers, airports. This is but one facade of ANNUALANNUAL REPORTREPORTof which 20112011 is the exportation of mineral passenger volume suffered a 6.10 enhancing the experience of our ores at the private ports under PMOs percent decline in 2011. The decline clients, particularly the passengers Surigao and Puerto Princesa. While the can be more of a technical correction as who transit through our ports. 22.39 percent growth in foreign export passenger traffic may have reverted to cargo is encouraging, we remain hopeful its historical average after coming from The lukewarm economic growth of a continuing upward trend in cargo an election year. Consistent with the notwithstanding, PPA generated throughput in the coming years for all thrust of the DOTC, your Management gross revenues of P 8.524 billion, or a Port Management Offices (PMOs). The has put a premium on elevating the modest increase of 2.75 percent over picture for containerized cargo in TEUs standards in facilities and amenities, the previous year, with revenues from also remained bright as both domestic including the provision and adoption of port operations registering a 3.13 and foreign containerized cargo ISPS compliant security equipment and percent improvement or an increase performed favorably resulting in an procedures, at our passenger terminal of P253.69 million. We ended 2011 overall 9.67 percent expansion in 2011. buildings (PTBs) nationwide to remain with a net income of P 1.150 billion, 2 International Standards Organization Quality Management Systems (ISO QMS) Certification for our major gateways, with Batangas Port being the first to be ISO-certified on vessel entrance and clearance (VEC) procedures; joint operation of Vessel Traffic Management System (VTMS) with the Philippine Coast Guard; adoption of Port Safety Health and Environment Management System (PSHEMS); computerization of frontline operations; e-ticketing as an integral part of PTB operations; and, privatization initiatives in line with the Public Private Partnership scheme of the government, specifically in the areas of (i)Passenger Terminal Building (PTB) operations; (ii) Completion of bidding of cargo handling teamwork - the same values promoted operations handled by Special Take- by the national government in its Over Units; and, (iii) Development espoused paradigm of transparency and of major facilities (Davao, Bulk accountability in dealing with the public. Terminal in Manila and South Harbor Expanded Port Zone) with the Thus, we capped 2011 with the participation of the private sector. completion of about 41 capital projects contained in our approved Medium- Our hard work and concerted Term Public Investment Program (MTPIP) efforts coupled with the systems and processes now in place have about 22.92 percent lower than the at a cost of P 1.56 billion which have generated positive results in terms provided us with the template year ago figure as a result of higher for success and a wellspring of maintenance and operating expenses. of increased berth capacity, storage/ operational areas and passenger seating opportunities in many fronts. An As expected, with the completion of even greater challenge remains to various capital projects nationwide, capacity. With an expanded baseof physical assets, we have adopted both be surmounted as we guard and PPA now joins the P100 billion leaguer preserve our gains through many PHILIPPINE PORTS AUTHORITY GOCCs as its Total Assets breached the routine and preventive maintenance protocol targeted at preserving their long years ahead. With solidarity P100 billion mark in 2011 or P 104.781 and focus on our corporate vision, billion, to be exact. physical and economic lives. Our Engineering Office will strive to stay in the dedication and perseverance touch with current technology in the of our over 2000-strong workforce We pursued in 2011 projects targeted and the support of our stakeholders at developing and improving our field of civil works and construction not only through capacity building both and Board of Directors, we look ports consistent with our new vision forward to seeing a PPA continuously of providing our customers doing here and abroad of our pool of engineers but through closer supervision of our anchored on durability, growth and business with us the experience success. of full and sustained productivity, contracted physical infrastructure efficiency, comfort, connectivity, projects in all stages of planning, design safety and security. In enhancing and execution. our clients’ experience at our ports, we have endeavoured to stay close We have continuously embarked on Atty. JUAN C. STA. ANA major undertakings in pursuit of best ANNUAL REPORT 2011 to our corporate values of creativity, General Manager responsibility, ethics, sincerity and practices in port operations such as: 3 “The picture for containerized cargo in TEUs also remained bright as both domestic and foreign containerized cargo performed favorably resulting in an overall 9.67 percent expansion in 2011.” PHILIPPINEPHILIPPINE PORTSPORTS AUTHORITYAUTHORITY ANNUALANNUAL REPORTREPORT 20112011 This page: Port of General Santos Opposite page: Cargo Handling Activities at PMO Dapitan (top); and at Legaspi Port (bottom) 4 CARGO, PASSENGER AND SHIP TRAFFIC Cargo Trade Performance Despite the tepid 3.7 percent economic growth in 2011, total cargo volume handled nationwide posted a 7.14 percent favorable improvement as shown on the next page. Shipping & Trade Performance Cargo Total cargo rose to a record volume of 178.278 million metric tons (MMT), posting an increment of 11.88 MMT compared to previous year, signifying a more intense movement of cargo passing through the ports. Both domestic and foreign cargo went up by 4.38 MMT or 6.27 percent and 7.51 MMT or 7.77 percent, respectively. While a benchmark indicator of the volume of PHILIPPINE PORTS AUTHORITY economic activities - foreign import dropped by 3.22 percent in 2011, the export component showed a dynamic performance and accelerated by a hefty 22.39 percent. The major factor that contributed to the increase in foreign export is the higher demand of prime export commodities such as mineral ores, nickel ores, limestone, cold rolled coils and coco oil, etc. Overall, foreign cargo increased by 6.08 percent. ANNUAL REPORT 2011 5 This page: PMO Zamboanga (right);and Port of Virac in Catanduanes (below) Distribution of 2011Containerized Cargoes Other Ports 45.48% Table 1: CY 2011 Cargo Throughput, Container, Passenger & Ship Calls MICT & SH Inc/(Dec) 2011 2010 54.52% Volume % PHILIPPINEPHILIPPINE PORTSPORTS AUTHORITYAUTHORITYCargo 178,278,562 166,395,680 11,882,882 7.14% (m.m.t) Domestic 74,171,940 69,796,900 4,375,040 6.27% Foreign 104,106,622 96,598,780 7,507,842 7.77% Import 53,354,108 55,131,588 (1,777,480) -3.22% Export 50,752,514 41,467,192 9,285,322 22.39% Container 4,932,492 4,497,634 434,858 9.67% (in TEUs) Of the total volume of containers handled in Domestic 1,923,666 1,639,859 283,807 17.31% Philippine ports, 2.69 million TEUs or 54.52 Foreign 3,008,826 2,857,775 151,051 5.29% percent passed through the ports of MICT Import 1,502,878 1,443,501 59,377 4.11% and PMO South Harbor (which includes the Pasig Terminal).