Together we make things happen - Philippine Ports Authority

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M E S S A G E O F T H E G E N E R A L M A N A G E RWe believe that, ultimately, they can be madeDespite the global economic recession which becameevident during the last two quarters of 2008 and thecorresponding slowing down of its business volume, PPAdelivered on its mandate and registered modest successin its key areas of operation. PPA marked the year withguarded expectation as it pursued its normal business andconfigured a way out of complicated and volatile externalenvironment.Notwithstanding a 7% drop in the volume of cargoespassing through our ports in 2008, PPA managed tosustain a healthy pace in its revenue generation, posting a6.07% growth in gross revenues. Its P 6.626 billion earningsrepresent an increment of P 379.31 million over theprevious year or a 3.82% positive deviation from the year’sprojected revenue target of P 6.812 billion. In particular,income from port operations amounted to P 6.511 billion, animprovement of P 412.41 million or a 6.76% rise in port revenuefrom 2007. Its traditional top three revenue sources - ICTSIfees, wharfage and arrastre/stevedoring alone, contributednearly 75% to its gross revenues and, hence, assured PPA acomfortable income threshold. Other revenue sources suchas Dockage Fees, Port Dues, Storage Fees, Port Usage Fees,Terminal Fees, Other Income and Fund Management Incomeaccount for the remaining 25% and likewise shore up PPArevenue coffers.Our frontline units particularly the Port District Office (PDO) ofManila/Northern Luzon, a traditional best performer and hostto the country’s major ports of North Harbor, South Harborand the Manila International Container Port (MICT), generatedP4.544 billion or 69% percent of PPA’s gross revenue forthe year. The rest of our PDOs - Southern Luzon, SouthernMindanao, Northern Mindanao and Visayas ‒ shared theremaining 31%.Philippine Ports Authority • Annual Report 2008 2In keeping with the many adjustments that are happeningand to cope with the difficult and risky global environmentand help keep the domestic economy on the roll, PPA hasremained steadfast in securing that critical expenditures,such as those on facilities development, rehabilitation andimprovement, are amply provided for. Over a period of 7 yearsbeginning 2003, PPA programmed a total investment of aboutP 16 billion to support and focus on the National Government’spriorities such as those related to the fast-tracking of projectsfor the development of the Super Regions (SONA Ports),the continuing development of lateral port links for theStrong Republic Nautical Highway (SRNH) and ports coveredunder the President’s Accelerated Hunger Mitigation Program(AHMP). Part of this amount is the P2.0 billion domestic loanwhich PPA contracted in 2007 and 2008 to augment thebudget set aside for capital spending. The premium placed
manageable through needed reforms, inspired leadership and motivated people.by PPA on its corporate social responsibility over its corporatemotivation of generating profit has been significantlydemonstrated through its spending initiatives on capitalprojects in depressed communities that have very little or nofinancial viability.PPA was not deterred by the bleak scenarios of seriousfiscal deterioration in developed countries which are thePhilippines’ major trading partners. Instead, it channeled itsefforts to building projects that may empower people andlocal communities. PPA subscribes to the tenet that the bestway to avert recession and set the stage for recovery is forgovernment not to cut back but rather accelerate spendingon core areas like infrastructure, social services and humancapital development. In response, therefore, to the nationalgovernment’s call for government agencies to be at theforefront of pump-priming operations, PPA infused someP3.16 billion in 2008 to Capital Expenditure Program andutilized this amount for the completion/implementationof port projects identified under each major national thrustincluding other priority projects determined by PPA incoordination with and taking into account the requirements ofits stakeholders and/or related requests of other governmententities/offices including LGUs.We will always be encouraged by the positive resultsyielded by any training and development interventionwe introduce and cascade to our people. Developmentintervention need not always be in the form of formaltraining and current technology. We also believe thatexposing our managers and staff to a variety of worksituations will equip them with the necessary skills tobetter respond to the exigencies of our operations.Garnering commendations and awards from public andprivate entities because of outstanding performanceand exemplary accomplishment in any key area of ouroperation - is we believe - the fullest manifestation ofthe trust and confidence lodged on us by the publicand our stakeholders. Our innumerable awards, citationsand commendations through the years will alwaysmotivate us to perform even better.Looking forward, we hope to sustain a positivemomentum and continue to pray for the globaleconomy to regain its buoyancy and for the globalfinancial market to stabilize. Our continuing success andexistence, as with the rest of entities throughout theworld, remain hinged on these parameters.As a port facilities provider and investor, PPA remains sensitiveto how best it can balance its responsibility to its customersand stakeholders, keeps up with competition and stayscommitted to providing reliable and efficient service to thepublic.To be able to live up to the public’s expectation, we believethat we have to nurture our people so that together we canmake things happen however challenging the environmentwe may be in. Appropriate training for our executives andstaff is, therefore, at the cornerstone of our service culture.While there are serious challenges that we face whichmay at times be beyond the control of corporatepolicy, we believe that, ultimately, they can be mademanageable through needed reforms, inspiredleadership and motivated people.I wish to thank the entire Management Team and thePPA workforce for its hard work and commitment. Ithas been a challenging year but our team under theproactive and people-focused stewardship of its Boardof Directors has performed admirably and delivered wellas expected.ATTY. OSCAR M. SEVILLAGeneral ManagerPhilippine Ports Authority • Annual Report 20083
Page 1 and 2: A N N U A L R E P O R TTogether we
Page 3: Vision“To meet the international
Page 7 and 8: Cargo, Passenger and Ship Call Traf
Page 9 and 10: p o r t s e r v i c e sPort of Dava
Page 11 and 12: p o r t s e r v i c e sCertificate
Page 13 and 14: PPA’s Capital Expenditure Program
Page 15 and 16: P h ys i c a l I n f r a s t r u c
Page 17 and 18: ExpendituresOperating Expense which
Page 19 and 20: Safety, Security and Environment Pr
Page 21 and 22: S u s ta i n a b i l i t y ,E n v i
Page 23 and 24: S u s ta i n a b i l i t y , E n v
Page 25 and 26: S u s ta i n a b i l i t y , E n v
Page 27 and 28: u s i n e s s r e s u lt sb u s i n
Page 29 and 30: O N G O I N G L O C A L L Y F U N D
Page 31 and 32: P A S S E N G E R T R A F F I CBy P
Page 33 and 34: N U M B E R O F C O N T A I N E R S
Page 35 and 36: f i n a n c i a l s tat e m e n t s
Page 37 and 38: B A L A N C E S H E E TDecember 31,
Page 39 and 40: S T A T E M E N T O F C H A N G E S
Page 41 and 42: N O T E S T O F I N A N C I A L S T
Page 43 and 44: Depreciation is computed based on t
Page 45 and 46: 11. INVESTMENTS IN SECURITIESThis a
Page 47 and 48: Government Contribution to the Auth
Page 49 and 50: 39. MAINTENANCE AND OTHER OPERATING
Page 51 and 52: 47. PENDING LAWSUITSThe Authority i
Page 53 and 54: Members51
Page 55 and 56:
(L -R)Atty. Oscar M. SevillaGeneral
Page 57 and 58:
N E W A P P O I N T M E N T SMr. Le
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Together we make things happen - Philippine Ports Authority

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