Disclaimer
The results obtained from these calculators are for general purposes only to illustrate the effect of compound interest and are not intended as a substitute for professional financial advice. Before making any financial decisions on the basis of these results, you will need to consult with an independent financial planner or accountant as well as consider whether the advice is suitable to meet your personal financial objectives and circumstances.
The actual performance of any investments will depend on future economic conditions, investment management, fees and taxation. Past performance is no guarantee of future performance and as a result of this, all the results are hypothetical and are NOT GUARANTEED.
Nambawan Super specifically disclaims any liability for any direct, indirect, incidental, consequential or special damages arising out of or in any way connected with the access to or use of these calculators. To the extent permitted by law, under no circumstances will Nambawan Super be liable for any loss or damage caused by a user's reliance on the information by using these calculators.
Assumptions
Projected super balance at retirement:
The projected total super balance takes into account your starting balance, employee and employer contributions, any additional voluntary contributions as well as interest earned between now and your retirement.
Retirement age:
We have assumed a default retirement age of 65. This can be adjusted in the calculator.
Working life:
The calculator assumes that you will have a continuous working life with no breaks up to your retirement age.
Interest rate:
The default investment returns have been set at 6.0%. This is based on the Nambawan Super 10-year average interest rate.
Employee contributions:
PNG Superannuation laws dictate that 6% is the mandatory minimum contribution for employees to make. Employees may choose to contribute more than the minimum.
Employer contributions:
PNG Superannuation laws dictate that 8.4% is the mandatory minimum contribution that employers have to make. Employers may choose to contribute more than the minimum.
Nambawan Super Members' funds are invested in a diverse pool of investments that aims to deliver optimum risk-adjusted returns over the medium and long-term. Guided by an Investment Strategy that is informed by a Strategic Asset Allocation (SAA), we invest in businesses and assets in certain sectors of the local and global markets.
The Fund's domestic equities allocation consists of shares in publicly listed and unlisted (private) companies. The Fund's equity holdings include some of PNG's most well-known brands.
Our strategic approach to investments has contributed to Nambawan Super Limited's success over the years resulting in making us the largest superannuation fund in PNG at present with around K10 billion in assets under management. The Fund has a proven track record in investing Members' funds locally which have grown over the years to benefit our Members through investment returns as well as helping to grow the local economy.
Listed Equity
The Fund's domestic listed equities allocation comprises of shares in companies that are listed on PNG National Stock Exchange (PNGX). As at 31 December 2023, The Fund's exposure to domestic listed equities includes the following companies.
| Listed equity | Stock exchange | Code | Industry/Sector |
| BSP Financial Group Limited* | PNGX & ASX | BSP | Banking and finance |
| Credit Corporation Limited | PNGX | CCP | Finance, property and investments |
| City Pharmacy Limited | PNGX | CPL | Health and retail |
*BSP is a dual listed company (PNGX & ASX). Nambawan Super has holdings of their stock on both stock exchanges.
Unlisted Equity
The Fund's holdings in domestic unlisted (excluding property holding companies) equities are listed in the table below:
| Ordinary Shares in Unlisted Equities | Sector/Industry |
| Gazelle International Hotel Limited | Hotel |
| Kumul Hotels Limited | Hotel |
| Paradise Company Limited | Consumer Staples/Food and Beverage |
| PNG Water Limited | Utilities |
| Post Courier Limited | Communication Services/Media |
| South Pacific Brewery Limited | Consumer Staples/Alcoholic Beverages |
| Toyota Tsusho (PNG) Limited T/A Ela Motors | Consumer Discretionary/Automobiles & Components |
| Westpac (PNG) Limited | Banking and Finance |
Property Holding Companies
NSL is a shareholder of the following property holding companies listed in the table below:
| Property Holding Company | Location | Description |
| OPH Limited | Port Moresby, National Capital District | Holding company that owns the new Deloitte Haus, APEX Penthouse Apartments, and the Crown Plaza Residence in Down Town, Port Moresby. |
| Waigani Asset Limited | Port Moresby, National Capital District | Holding company that owns two commercial properties, Treasury Haus and Eda Tano building in Waigani, Port Moresby. |
| Rangeview Heights Limited | Port Moresby, National Capital District | Holding company that owns a mixed-use commercial and residential property on 6,009 sqm of land situated between NCDC City Hall and Savannah Heights along Waigani Drive, opposite Vision City, Port Moresby. |
| Moki No. 10 Limited | Port Moresby, National Capital District | Holding company that owns the newly completed Moki Business Park situated between TISA Haus and Telikom Rumana along Kumul Ave, Waigani office area, Port Moresby. |
| Coastwatchers Court Ltd (S25 L37) | Port Moresby, National Capital District | Holding company that owns 31 apartments at Touaguba Hill, Port Moresby. |
| Morobe Fronts Holdings Ltd (S27, L47) | Lae, Morobe Province |
Holding company that owns a portion of the Lae Waterfront Land. |
Domestic Property
The Fund owns a portfolio of mixed commercial, residential and industrial properties as well as unimproved land in the domestic market.
In 2023, construction work was completed for Moki Business Park. Later in the 2023, Pacific Palms Property was appointed as the property facilities manager for Port Moresby properties. Professional Real Estate Lae was also appointed as the facilities manager for Lae properties.
Below is a brief description of individual properties directly owned by Nambawan Super:
| Commercial properties | ||
| Properties | Location | Description |
| Aopi Centre (S390 L12,13 & 14 Waigani Drive) | Port Moresby, National Capital District | A six-level Twin Tower Office Complex on Waigani Drive. Currently leased to the Departments of Health andHigh Education, NSL Members Service and others. |
| Morobe Haus (Vele Rumana) (S6 L19 & 20 4th Street, Top Town) | Lae, Morobe Province | Six-level commercial office complex in the central business district (CBD), Lae, Morobe Province. Recently refurbished. |
| Nambawan Super Haus (IPI Building) | Lae, Morobe Province | Seven-level mixed use commercial/residential complex in the CBD of Lae, Morobe Province. |
| Revenue Haus (S20 L11 Champion Parade) | Port Moresby, National Capital District | Nine-level commercial office complex in the CBD, Port Moresby. Leased to the Internal Revenue Commission. |
| Port Tower (Shirn Haus) (S3 L21 Hunter Street) | Port Moresby, National Capital District | Nine-level mixed-use commercial/residential complex in the CBD, Down Town, Port Moresby. |
| Vulupindi Haus (S405 L15 Waigani Drive) | Port Moresby, National Capital District | Six-level commercial office complex in Waigani. Leased to the Education Department. |
| Industrial properties | ||
| Properties | Location | Description |
| Warehouse Gordons (S17 and L64) | Port Moresby, National Capital District | NSL Storage Warehouse. |
| Residential properties | ||
| Properties | Location | Description |
| Bayside Apartments (Portion 178) | Port Moresby, National Capital District | 42 x 2 & 3 bedroom residential units located at Koki. |
| Portion 212 (Portion 212, Boundary Road) | Lae, Morobe Province | 40 x 2 & 3 bedroom residential units in Lae, Boundary Road. |
| Pinnacle Apartments (S63 L22, Daugo Drive) | Port Moresby, National Capital District | Residential Apartment with eight levels containing 11 apartments and a penthouse apartment at Touaguba Hill. |
| Koki Staff Housing Compound(Portion 176) | Port Moresby, National Capital District | Staff Housing. |
| Vacant lands | ||
| Properties | Location | Description |
| 9-mile land (Portion 2156, 2157 & 2159) | Port Moresby, National Capital District | Vacant undeveloped land. |
| Ex-Angco (L1 S6, L2, 3 & 5 S6 and L1 S5)** | Banz, Western Highlands Province | The properties are located on L1 S5, Banz, L1 S6, Banz and L2, 3 & 5 S6. Vacant undeveloped land. |
| Ex-Post PNG (S387 L20) | Port Moresby, National Capital District | Vacant undeveloped land at 4-mile next to the Telikom Training Centre. |
**Sold during 2023
