ANNUAL REPORT 1 July June 2012

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1 ANNUAL REPORT 1 July June 2012

2 OFFICE ADDRESS Land Transport Authority Private Bag Vaitele Apia CONTACT NUMBERS Telephone: Vaitele Office /26741 Fax: Salelologa Office /51214 Fax: Website:

3 1 May 2014 The Honorable Speaker of the House Legislative Assembly of Samoa Pursuant to Section 25 of the Land Transport Act 2007, I have the honour to submit herewith on behalf of the Board of Directors of the Land Transport Authority, the Annual Report and Statement of Accounts for the Financial Year from 1 July 2011 to 30 June Ma le fa aaloalo, Manu alesagalala Enokati Posala MINISTER OF WORKS, TRANSPORT AND INFRASTRUCTURE i

4 TABLE OF CONTENTS CONTENTS PAGES 1. Vision and Mission 1 2. Corporate Profile 2 3. Board and Management Chairman s Report 5 5. Chief Executive Officer s Report Organizational Structure Financial Statements ii

5 Vision Statement To provide a safe national road network. Mission Statement To improve the national road network by achieving an acceptable standard of road infrastructure and meeting road use management standards. 1

6 1. CORPORATE PROFILE: 1.1 Background The establishment of the Land Transport Authority (LTA) is the latest in a series of major reforms of the Public Sector that have been ongoing for several years. Land Transport Authority came into existence as a fully functioning and legally independent entity on 1st July The Land Transport Authority s immediate predecessor organization is the Ministry of Works, Transport and Infrastructure. Two of the latter Ministry s major functions namely road asset management and road use management was transferred under the administration of the new Land Transport Authority. Mandated by the LTA Act 2007, the Land Transport Authority prime objectives are to effectively engineer and maintain a safe and environmentally friendly transportation network through a diversity of functions which include but not limited to:- Construction and maintenance of national roads; Improve standards of public transportation; Effective enforcement of road safety codes, rules and regulations; Set fees and charges to ensure sustainability of autonomy at affordable costs to users (Stakeholders). 1.2 Core Functions: The gathering and management of economic data relevant to road usage and maintenance:- Management and implementation of licensing and other road user charges Management of road infrastructure data and classification of roads Assistance with and implementation of road safety initiatives Enforcement of road usage laws Instigating road maintenance programs Quality assurance to road maintenance standards Assistance with Government s road development program 1.3 Financial Performance: The Authority is funded with direct injections from Government through monthly budget appropriations and internal generated revenue from vehicle registration, driver licensing and others. 1.4 Organizational Structure: The Authority is operated with five (5) core divisions and three (3) supporting divisions. The core divisions are Executive, Road Operations, Programming and Procurement, Road Use Management, and Savaii Operations. The supporting divisions are Corporate Services, Legal, and Information Technology. 2

7 2. BOARD OF DIRECTORS Chairman/CEO MWTI Vaaelua Nofo Vaaelua Director/CEO LTA Leasi Vainalepa Galuvao Director Aiono Afaese Toleafoa Director/CEO ACC Malaeulu Lose Niumata Director Su a Kapeli Tevaga Director/Commissioner MPP Lilomaiava Fou Taioalo Director Moananu Ioane Filemu 3

8 2.2 Management Team: Leasi Vainalepa Galuvao Chief Executive Officer Mataafa Sepelini Poufa Manager Savaii Operations Namulauulu Lameko Viali Manager Road Operations Tauiliili Tamaseugogo Leo Bartley Manager Road Use Management Seimaleula Sinapati Ulberg Manager Programming & Procurement Fainuulelei James Ah Wai Manager Information Technology Anoanoa i Pepe Lafai Manager Legal Saveatama Virginia Tuatagaloa Manager Finance and Corporate Services 4

9 3. CHAIRMAN S REPORT: It is with pleasure that I present the Annual Report for the Land Transport Authority for the Financial Year from July 2011 ended June Road Transport has become vital and another focal point of government s goals for the Statement for the Development of Samoa from 2008 to 2012; aiming at maintaining and improving the existing road network through investment and better Asset Management. This is to ensure that traffic management is improved in a situation of growing vehicle use after the Road Switch in This financial year is the 3 rd year for the Authority since its establishment and it s fair to say that the organization is relatively growing hence many challenges and above all, the financial dependability permitting the achieving of organizational goals. During this Financial Year, the Government dispersed Board of Directors before the 2011 General Election and therefore delighted to be at the helm as the Chairman of the Board of Directors for Land Transport Authority before a new Board of Directors was appointed. This Year s Annual Report becomes another crucial document in the history of the Authority highlighting its achievements as well as providing an overview of its key priorities in delivering a practical road network for cost effective and safe transportation for all road users. It is my hope that Land Transport Authority will continue its mission to foresee the future of road transport infrastructure and deliver its prime objectives of effectively engineer and maintain a safe environment friendly network through a diversity of functions. Vaaelua Nofo Vaaelua Chairman Board of Directors 5

10 4. CHIEF EXECUTIVE OFFICER S REPORT: It is my privilege that I provide Land Transport Authority s Annual Report for the Financial Year from July 2011 to June 2012 anticipating growth of responsibilities and achievements in the Authority s 3 rd year of operation. 4.1 Highlights The Government in the course of its reforms approved the closure of Samoa Quarry in late April with assets tendered out and employees to become redundant. The Minister, Management and Staff bid farewell to the Management and Staff of Samoa Quarry, marking the end of another government reform as the commercial operation came to closure. The extension of the Corporate Building within the LTA Compound at Vaitele was carried out. The two story building extension housed the office of the Chief Executive Officer, the Executive Division, and the Board Room at the top floor with the Staff Training Room on the ground floor. The new building was officially opened together with the extension of Convent Street. 4.2 Infrastructural Programs Post Tsunami Seawalls As part of the Post Tsunami Recovery Projects co-funded by the World Bank and the Government of Samoa, seawalls were constructed to mitigate risks of erosion, tidal and wave action posing damages to land transport infrastructure that are adjacent to the sea. The reconstruction of seawalls at the following locations under the Post Tsunami Recovery Project started in August, 2011: Upolu Salua, Manono to Faleseela Satuimalufilufi, Mulifanua to Salua Manono Samea, Mulifanua to Satuimalufilufi, Mulifanua Satitoa to Vailoa, Aleipata Utufaalalafa to Satitoa Savaii Siufaga 6

11 The seawall Reconstruction Program was part of Post Tsunami Recovery Project (PTRP) co-funded by the World Bank and Government of Samoa. Contract Name Contractor 1 Reconstruction of Seawalls - Salua, Manono to Falese ela Ah Liki Construction 2 Reconstruction of Seawalls - Satuimalufilufi, Mulifanua to T & N Toleafoa Salua, Manono 3 Reconstruction of Seawalls - Samea, Mulifanua to Satuimalufilufi, Mulifanua Ulia Construction 4 Reconstruction of seawalls - Satitoa to Vailoa, Aleipata Ott Transport 5 Reconstruction of seawalls - Utufa alalafa to Satitoa Silva Transport 6 Reconstruction of seawalls - Siufaga, Savaii ON & Sons Capital Works The preparations for Samoa s 50 years of Independence, celebrated on 1 st June, 2012 saw major upgrades of main roads within the Central Business District to asphalt pavement. The significance of these works provided for better road conditions in terms of appearance, travel comfort, lasting strength and better drainage of runoff water. These works were implemented through the Asphalt Recovery Program Packages 1-4. Amongst the rehabilitated road listed below are the Mulinuu Road from Sogi to the peninsula tip which underwent major pavement widening works and the extension of the Convent St from Mulivai Bridge to Ifiifi St. All of these asphalt road construction works were carried out by Ott Transport and Ulia Construction who were the only suppliers of asphalt in Samoa. Contract Name Contractor 1 Rehabilitation of Ifiifi St (Asphalt Recovery Package 1) Ott Transport 2 Rehabilitation of Falealili St & Ifiifi St (Malifa Intersection to Haleck) Ott Transport Asphalt Recovery Package 2 3 Rehabilitation of Fugalei Street & Fonofou St (Asphalt Recovery Ott Transport Package 3) 4 Rehabilitation of Saleufi St, Savalalo St & Togafuafua Rd (Asphalt Ott Transport Recovery Package 4) 5 Rehabilitation and widening of Mulinu u Road Ott Transport 6 Rehabilitation of Malae-I-Tiafau and widening of the Parliament Ulia Construction House Road 7 Construction of new Convent Street Extension Ulia Construction 7

12 4.2.3 Access Roads The LTA included construction of village and plantation access roads as part of the Capital Works Program as a form of assistance to promote agricultural activities by providing access to plantations and farming areas. The following were the access roads that were procured and contracted within FY 2011/2012: Contract Name Contractor 1 Reconstruction of Luatuanu u Road (inclusive Ford Works) King Construction 2 Construction of Falevao Road (inclusive Ford Works) Ott Transport 3 Reconstruction of Malie Road Silva Transport 4 North Central Coast Road at Manase Savaii Aldan Construction Drainages LTA, being the Implementing Agency for storm water drainage related projects, is part of the Flood Mitigation Subsector of the Joint Water Sector and Sanitation Committee (JWSSC). For all drainage projects implemented by LTA, while the construction works are outsourced to local private contractors, the funding is sourced from a grant by the European Union (EU) through the JWSSC. In FY 2011/12; three major drainage projects were carried out at Fugalei, Saleufi and Vaivase as shown in table below. Drainages Contractor 1 Upgrading of Fugalei St Drainage (Southern Bound) Lucky Construction 2 Upgrading of Saleufi St Drainage (Southern Bound) Ott Transport 3 Construction of new drainage along Vaivase Road Silva Transport The open drainages along Fugalei Street, Saleufi Street and Vaivase Road were upgraded to closed drainages by installation of pre-cast box culverts. Closing these drainages enhances the aesthetic appearance of these areas, improve safety margin by providing more space on road shoulders for both vehicular and pedestrian traffic and a hygiene environment for all. In addition, runoff water from the road and adjacent properties is effectively drained, and the top of the covered drains allows for a clear and defined footpath for pedestrians. 8

13 4.2.5 Seawalls Seawalls that were constructed as part of LTA s Capital Works Program in addition to the WB funded PTRP included seawalls at Malae, Faga and Asau in Savaii as well as Eva and Salelesi in Upolu. Contract Name Contractor 1 Construction of new seawall at Malae, Faga Sakalafai Contractors 2 Construction of new seawall at Asau TM Transport 3 Construction of seawalls at Eva and Salelesi Alafua Transport Minor Works LTA s Minor Works Program involves works carried out by the Authority in response to requests from the community such as construction of a road, driveway, speed hump etc emergency works thus requiring a shorter procurement process i.e. Request for Quotations compared to Open Tendering; and generally works of small value. The following lists some of the minor works in approval thresholds of less than and equal to SAT$100, and greater that SAT$100, but less than and equal to SAT$200, These are UPOLU Minor Works less than or equal to $100,000. Contract Name Contractor 1 Survey services of Togafuafua Rd and Convent St Intersection Sepulona Survey Firm 2 Survey services of Fugalei drainage Sepulona Survey Firm 3 Construction of new driveway at Seesee Webster Works & Infrastructure 4 Survey services Saleufi drainage Sepulona Survey Firm 5 Convent Street signage Sign Studio 6 Construction of new driveway at Amosa Road Lee Transport Co Ltd 7 Survey services Saleufi Street - Convent Street Sepulona Survey Firm 8 Construction of new driveway at Vaivase-Uta Webster Works & Infrastructure 9 Speed hump maintenance works SWEL 10 Construction of new speed humps at Aleisa & Vaitele fou PPG Engineering 11 Survey services Cross Island Roads Soloi Surveying Firm 12 Construction of new driveway at Vaivase-Uta Lee Transport Co Ltd 13 Trim and clearing of trees at Fagalii-Uta Road SWEL 14 Supplying of road signages Sign Studio Co Ltd 15 Construction of Tanugamanono Driveway National Carriers Ltd 16 Methodist Faleula drainage National Carriers Ltd 17 Lawnmowing services NO531(Manunu)-NO537(Le Mafa Pass) Silva Transport Co Ltd 18 Lawnmowing services NO464(Leulumoega)-NO570(Lefaga) Webster Works & Infrastructure 19 Reconstruction of Avai Drive, Moamoa Lucky Construction 20 Reconstruction of Nasareta Place Webster Works & Infrastructure 21 Reconstruction of Alaolealofa Rd and State Rd Lucky Construction Co Ltd 9

14 UPOLU Minor Works over $100,000 less than or equal to $200,000. Contract Name Contractor 1 Reconstruction of Asi Road, Vaitele-Uta Ulia Construction Co Ltd 2 Reconstruction of Tiavea-uta road shoulder King Construction Ltd 3 Reconstruction of Tokelau road, Lotopa Ott Transport Co Ltd 4 Reconstruction of Gasu Street Lucky Construction Co Ltd 5 Reconstruction of Filimoto St, Vaitele-Uta Ulia Construction Co Ltd 6 Line marking of Savalalo bus terminal Lucky Construction Co Ltd 7 Reconstruction of Atone Road Package 1, Vaitele Silva Transport Co Ltd 8 Reconstruction of Atone Road Package 2, Vaitele Alafua Transport 9 Reconstruction of Fatu Street Ott Transport Co Ltd 10 Reconstruction of East Coast Road Section Package 1 Ulia Construction Co Ltd 11 Reconstruction of East Coast Road Section Package 2 Lucky Construction Co Ltd 12 Reconstruction of East Coast Road Section Package 3 Ott Transport Co Ltd 13 Reconstruction of East Coast Road Section Package 4 King Construction Co Ltd 14 Reconstruction of East Coast Road Section Package 5 Lucky Construction Co Ltd 15 Reconstruction of Teuila Road, Vaitele Fou Ulia Construction Co Ltd 16 Reconstruct Section of Fagalei Pass (Safaatoa Lefaga-Faleaseela) Silva Transport Co Ltd 17 Rehabilitation of Leufisa Street Ott Transport Co Ltd 18 Reconstruction of Falelatai Link Road Ulia Construction Co Ltd 19 Rehabilitation of Ifiifi Street (Package 3) Ott Transport Co Ltd SAVAII Minor Works less than/equal to $100,000 or more but equal to $200,000. Contract Name Contractor 1 Construction of Salimu Road Sakalafai Contractors 2 Repair and Repeal Safua Access Road Apia Lua 3 Construction of Sa Malietoa Access Road Sakalafai Contractors 4 Reconstruction of New Market Ring Road Salelologa Township Transportation & Works 5 Reconstruction of Salelologa main Road Sakalafai Contractors 6 Construction of Speed Hump at Faga Seventh Day Adventist Savaii Civil Operations 7 Line marking Part of Salelologa Main Road Apia Lua 8 Reconstruction Main Road West of Bailey Bridge a Vailoa Palauli Big Island Construction 9 Reconstruction Main Road East of Bailey Bridge at Vailoa Palauli Apia Lua 10 Construction Gravel road to School new site at Gataivai Apia Lua 11 Construction of Three Speed Humps Apia Lua 12 Remarking of 54 Speed humps around Savaii Apia Lua Routine Maintenance Upolu Zones Contractor 1 Moata a - Sinamoga including Main WCR Saina Ott Transport 2 Lepea - Vaiusu to Aleisa - Moamoa King Construction 3 Faleula - Vaitele including Vaitele Sub-Division, Tuanaimato Lucky Construction 4 Saina - Malua to Tanumapua - Aleisa Ulia Construction 10

15 5 Malua - Leulumoega to Lefaga - Aleisa T & N Toleafoa 6 Leulumoega - Lefaga National Carrier 7 Lefaga - Siumu SWEL 8 Vailima - Satalo Webster Works and Infrastructure 9 Satalo - Amaile via Richardson Road/Vavau R & R Construction 10 Vavau - Amaile via Aleipata South Coast Road Ah Liki Construction 11 Manunu - Vaipu Lee Transport 12 Manunu - Moata a to Vaivase-Tai Silva Transport Savaii Zones Contractor 1 Tafua - Safua Sakalafai Contractors 2 Safua - Patamea Savaii Civil Operations 3 Sapapalii - Patamea ON & Sons 4 Patamea - Safotu Big Island 5 Safotu - Aopo Tama ole Mau 6 Aopo - Falealupo Taua e Contractors 7 Falealupo - Fagafau Transportation & Works 8 Fagafau - Taga Salafai Construction 9 Taga - Satupaitea Apia Lua 10 Satupaitea - Tafua FICO Construction Lawn-mowing (Routine Maintenance) Upolu Zones Contractor 1 Moata a - Sinamoga including Main WCR Saina Zero Management 2 Lepea - Vaiusu to Aleisa - Moamoa SWEL 3 Faleula - Vaitele including Vaitele Sub-Division, Tuanaimato L E & Sons 4 Saina - Malua to Tanumapua - Aleisa Alafua Transport 5 Malua - Leulumoega to Lefaga - Aleisa Samoa Markers 6 Leulumoega - Lefaga Lelata Enterprises 7 Lefaga - Siumu Satuala Lawn Mowing 8 Vailima - Satalo B Construction 9 Satalo - Amaile via Richardson Road / Vavau SCAP 10 Vavau - Amaile via Aleipata South Coast Road East Coast Contracting 11 Manunu - Vaipu Civil Care Works 12 Manunu - Moata a to VaivaseTai Pacific Helicopters Ltd Drainage Routine Maintenance The routine maintenance of drainages within the town area was created as a stand alone program to enhance quality of drainage systems in and around the Central Business Area (CBA). Four zones were created and were outsourced to locally prequalified contractors. The is largely due to the availability of funds from the Joint Water Sector and Sanitation Committee Budget Support. 11

16 Upolu Zones 1 Open Drainages Vaitele to Se ese e inclusive of the Sports Complex Tuanaimato Contractor T & N Toleafoa 2 Open Drainages Alafua to Matafele inclusive of Fugalei Lucky Construction 3 Open Drainages Matafele to Lauli i inclusive of Vaivase area and Civil Care Works Vailima 4 Closed Drainages within the Central Business District Ott Transport Consultancy Services The following design and/or supervision services required by the Authority were outsourced to consultancy firms. Consultancy Services 1 Design and Supervision Services for Convent Street Extension works Contractor Tinai, Gordon and Associates Ltd 2 Design of Drainage Upgrade in the CBD Tinai, Gordon and Associates Ltd 3 Design and Supervision Service for Corporate Building Extension PLT Consultants 4 Design of the Mulivai Deepening for Floodways & Drainage Improvement Works Bluebird AhLal Joint Venture (Woods Pacific Consultant Ltd) 5 Peer Review of Mulivai Deepening Design Fraser Thomas Consultants (NZ) 4.3 Road Use Management The main purpose for road use management is to promote road safety by ensuring effective and efficient systems for managing registration and licensing of road users in both drivers and vehicles. Below are the data at year end: Vehicle Registration Type New Renew Total Upolu Savaii Upolu Savaii Private 1, ,120 1,397 14,958 Taxis , ,774 Buses Motor Cycles Total 1, ,897 1,712 18,314 Total Right Hand Drive Vehicles 9,821 Left Hand Drive Vehicles 8,334 Others (motorcycles, trailers, heavy machineries etc) ,314 12

17 4.3.2 Driver License New Renew Total Upolu Savaii Upolu Savaii Private (5 years) 2, , ,429 Commercial (1 year) , ,278 Learner Permit (3 months) Total 2, , , Defensive Driving Course Category Participants Taxi Drivers 204 Bus Drivers 24 Truck Drivers & Others 16 Total Road Safety Awareness Programs WOMEN COMMITTEE PARTICIPANTS PRIMARY SCHOOLS PARTICIPANTS 1 Leone 25 1 Punaoa Maagiagi 32 2 Faleata College Vailele 41 3 Asau Letogo 34 4 Vaisala Laulii 56 5 Auala Solosolo 32 6 Asau College Saoluafata 33 7 Sataua Lufilufi 42 8 Papa Sataua Faleapuna 31 9 Falealupo Manunu Tufutafoe Falefa Falelima Lalomanu Neiafu Sauano, Fagaloa Samata Tai Falevao Samata Uta Saleaumua Savaii Sisifo Sapunaoa Sagone Saaga Siumu Faiaai Saanapu Vaipuna Siumu Sasae Salelologa Pata Falelatai 31 Total Participants Siufaga Falelatai 25 Church Denominations 22 Samatau 22 1 Malua Theological College Salua uta 56 2 Worship Centre 70 Total Participants 795 Total Participants

18 4.3.5 Spot Checks and Road Blocks During this financial period twenty two spot checks and four road blocks were conducted. The next financial year will be targeting to conduct thirty spot checks and ten road blocks to increase visibility of officers on roads Gas Emission Three day training was conducted during the month of April to train Authorise Traffic Officers to use gas emission detectors. These machines can detect the level of gases like Carbon Monoxide, Carbon Dioxide, Hydrocarbons and Nitrous Oxide that can be leaked from both fuel and diesel vehicles. The training is part of the Gas Emission project which coordinates by MNRE who distribute funds to different faces of such project. LTA as a component implements the enforcement role with the new amended legislation that is yet to finalise its final drafting process. 4.4 Financial Performance The Authority s Total Income has decreased from $41,424,058 in 2011 to $33,863,240 in 2012, a drop by 18%. Total Expenditure has decreased from $40,416,846 in 2011 to $38,056,041 in 2012, a drop by 6%. A deficit was recorded at year end of ($4,192,800) in 2012 from a surplus of $1,007,212 in Conclusion: The overall performance of the Authority in its third year of operation recorded a deficit result. The outcome was due to major road upgrades in the town areas and Mulinuu area utilizing the asphalt tar seal in preparation for Samoa s 50th Anniversary. We wish to thank the Government of Samoa, various Ministries and Corporations, the business communities and the people of Samoa for their enormous support throughout the year. Faafetai tele lava. Leasi Vainalepa Galuvao CHIEF EXECUTIVE OFFICER 14

19 Road Opera3ons Division Programming & Procurement Division LAND TRANSPORT AUTHORITY ORGANISATIONAL STRUCTURE 2011/2012 Board of Directors CEO Road Use Management Division Savaii Opera3ons Division E>ecu3ve (CEO Office/ ICT) Legal Division Traffic Division Finance and Corporate Services Division 15

20 LAND TRANSPORT AUTHORITY 30 JUNE 2012 FINANCIAL STATEMENTS 16

21 TELEPHONE: FAX: Website: P.O. BOX 13 APIA, SAMOA Please address all correspondences to the Controller and Chief Auditor AUDIT OFFICE REPORT OF THE AUDIT OFFICE TO THE BOARD OF DIRECTORS LAND TRANSPORT AUTHORITY We have audited the accompanying financial statements of the Land Transport Authority, which comprises the Balance Sheet as at 30 June 2012, the income statement, the statement of changes in equity and cash flow statement for the year then ended, and a summary of significant accounting policies and other explanatory notes. Responsibility for the Financial Statements The Board of Directors is responsible for the preparation and fair presentation of these financial statements in accordance with International Financial Reporting Standards and also the Public Bodies (Performance and Accountability) Act This responsibility includes: designing, implementing and maintaining internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances. Auditor s Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with International Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor s judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the financial statements give a true and fair view of the financial position of the Land Transport Authority as at 30 June 2012, and of its financial performance and its cash flows for the year then ended in accordance with International Financial Reporting Standards, and also give in the prescribed manner the information required by the Public Bodies (Performance & Accountability) Act Apia, Samoa Dennis Chang Tung 7 June 2013 ACTING CONTROLLER AND CHIEF AUDITOR 17

22 LAND TRANSPORT AUTHORITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2012 TABLE OF CONTENTS Page (s) Auditor s Report 17 Certification by Directors 19 Balance Sheet 20 Income Statement 21 Statement of Changes in Equity 22 Statement of Cash Flow 23 Notes to and forming part of the financial statements

23 LAND TRANSPORT AUTHORITY CERTIFICATION BY DIRECTORS FOR THE YEAR ENDED 30 JUNE 2012 We certify that the attached financial statements for the Land Transport Authority comprising of the Balance Sheet, Income Statement, Statement of Changes in Equity, Statement of Cash Flow and Notes forming part of the financial statements for the year ended 30 June 2012: a) give a true and fair view of the matters to which they relate; and b) have been prepared in accordance with International Financial Reporting Standards; and c) comply with the Public Finance Management Act 2001 in relation to the form or content of financial statements made under the Public Bodies (Performance and Accountability) Act We are not aware of any circumstances which would render any particulars included in the financial statements to be misleading or inaccurate. We authorise the attached financial statements for issue on behalf of the directors of the Land Transport Authority. Signature Vaaelua N. Vaaelua Signature Malaeulu L. Niumata CHAIRMAN DIRECTOR Land Transport Authority Land Transport Authority Apia, Samoa Apia, Samoa / / / / 19

24 LAND TRANSPORT AUTHORITY BALANCE SHEET AS AT 30 JUNE 2012 Note $ $ EQUITY Government Contribution 3 988, ,602 Accumulated Funds 4 1,489,643 5,682,443 Total Equity 2,478,245 6,671,045 Represented by: CURRENT ASSETS Cash and Cash Equivalents 5 6,162,404 24,881,173 Accounts Receivables 7 185,364 51,334 Other Receivables and Prepayments 9 247,209 42,803 Inventory , ,827 Total Current Assets 6,906,254 25,124,137 Less: CURRENT LIABILITIES Accounts Payable ,260 Provision and Accruals ,965 9,447,355 Retention 3,104,697 2,991,915 With-Holding taxes 2,224,371 3,752,708 Receive in Advance - 4,501,649 VAGST Payable 3,508,030 2,015,167 Total Current Liabilities 8,977,068 22,724,054 Working Capital Deficit/Surplus (2,070,814) 2,400,082 Add: NON-CURRENT ASSETS Properties, Plants and Equipment 13 4,549,057 4,270,963 NET ASSETS 2,478,245 6,671,045 This statement must be read in conjunction with the accompanying notes. 20

25 LAND TRANSPORT AUTHORITY INCOME STATEMENT FOR THE YEAR ENDED 30 JUNE 2012 Note $ $ INCOME Government grants 14 23,558,092 32,250,301 Other income 15 10,305,149 9,173,757 TOTAL INCOME 33,863,240 41,424,058 EXPENDITURES Audit fees 35,088 26,000 Depreciation , ,199 Directors fees and expenses 20 (i) 4,950 99,267 Personnel costs 16 2,848,906 2,564,620 Road maintenance costs 17 32,875,355 35,318,425 Supplies - license plates 364, ,590 Other administrative expenses 18 1,160,380 1,283,745 TOTAL EXPENDITURE 38,056,041 40,416,846 (DEFICIT) / SURPLUS (4,192,800) 1,007,212 This statement must be read in conjunction with the accompanying notes. 21

26 LAND TRANSPORT AUTHORITY STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2012 NOTE Government Accumulated Total Contribution Funds $ $ $ 2012 Balance at 1 July ,602 5,682,443 6,671,045 Deficit 4 - (4,192,800) (4,192,800) Balance at 30 June ,602 1,489,643 2,478,245 This statement must be read in conjunction with the accompanying notes. 22

27 LAND TRANSPORT AUTHORITY STATEMENT OF CASH FLOW FOR THE YEAR ENDED 30 JUNE 2012 Note $ $ CASH FLOWS RECEIVED/(USED) IN OPERATING ACTIVITES Cash Received from Government 19,056,443 36,751,950 Cash Received from Customers 9,977,351 9,204,409 Cash Paid to Suppliers & Employees (46,771,420) (39,448,270) Net Cash (Used)/Received in Operating Activities (17,737,626) 6,508,089 CASH FLOWS RECEIVED/(USED) IN INVESTING ACTIVITIES Interest from Term Deposits 132,116 75,810 Acquisition of Property, Plant & Equipment (1,113,259) (1,615,817) Net Cash (Used) in Investing Activities (981,143) (1,540,007) CASH FLOWS RECEIVED/(USED) IN FINANCING ACTIVITIES Net Cash Received/(Used) in Financing Activities - - NET (DECREASE) / INCREASE IN CASH (18,718,769) 4,968,082 Cash and Cash Equivalents at beginning of year 24,881,173 19,913,090 CASH AND CASH EQUIVALENTS AT YEAR END 6,162,404 24,881,173 Represented by: Total Cash and Cash Equivalents 5 6,162,404 24,881,173 This statement must be read in conjunction with the accompanying notes. 23

ANNUAL REPORT 1 July 2012 30 June 2013

ANNUAL REPORT 1 July 2012 30 June 2013 ANNUAL REPORT 1 July 2012 30 June 2013 OFFICE ADDRESS Land Transport Authority Private Bag Vaitele Apia CONTACT NUMBERS Telephone: Vaitele Office +685 26740/26741 Fax: +685 26739 Salelologa Office +685

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