N.P.F. equity investments total $46.8 million
Equity investments by the Samoa National Provident Fund (SNPF) totalled $46.85 million as of June 30, 2018.
This is compared to 40.89 million in the previous financial year, according to the fund's financial year 2017-2018 annual report.
In the last six years, the fund's shares increased significantly, stated the annual reports for financial years 2013-2018. And equity investments stood at $18.37 million, though in 2014 it increased to $23.34 million.
There was a minimal increase for the 2015 financial year with $23.52 million, though in 2016 it further increased to $38.72 million – which was an increase of $15.2 million when the fund bought more shares with the Aggie Grey’s Beach Resort.
In the 2017 financial year, equity investments increased to $40.89 and further improved in 2018 to $46.85 million – an increase of $5.9 million.
The fund owns shares with the Aggie Grey’s Beach Resort of 54 per cent and paid $34.23 million for the financial year 2018. The previous year the fund’s share investments was worth $31.40 million.
Initially the fund's shares with the Aggie Grey’s Beach Resort was 34 per cent, however in the 2016 financial year, the fund bought more shares which increased its stake to 54 per cent to make it the largest shareholder.
The fund also owns 67 per cent of the shares in Computer Services Limited and as of financial year 2013-2018 has paid $1.01 million. Furthermore, the fund owns 50 per cent shares in C.S.L Mobile Limited and invested $1.92 million for the 2018 financial year.
The fund also owns 20 per cent of the shares in in the Samoa Submarine Cable Company effective from the 2016 financial year.
For the Unit Trust of Samoa (UTOS), the fund's total units with the Government-run investment body stands at $5.46 million as of June 30, 2018.