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ANCSA Regional Corporations: Update for 1993-2001. Steve Colt Institute of Social and Economic Research University of Alaska Anchorage [email protected] Web site: http://hosting.uaa.alaska.edu/~afsgc/ 4 June 2003. History. 1971 – ANCSA Passed - PowerPoint PPT Presentation
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ANCSA Regional Corporations:Update for 1993-2001
Steve ColtInstitute of Social and Economic
ResearchUniversity of Alaska Anchorage
[email protected] site:
http://hosting.uaa.alaska.edu/~afsgc/4 June 2003
2
History• 1971 – ANCSA Passed
– Regional corps promised $6,000 per shareholder in start-up capital
– Plus land (!)
• 1976 – Corporations began operations
• 1980 – Cash distribution completed– Much of asset base in financial assets
3
History• 1980-1986
– Active investments, mostly within Alaska
– Some major losses
• 1986-1990– Reorganization, rethinking– Shareholder permanent funds
• 1990s– New beginnings, new directions
4
History
• 1970s – Childhood• 1980s – Teenage Years• 1990s – Young Adults• Childhood = 1976 – 1992• Adulthood = 1993 – 2001
5
Total Assets ($000)
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
1976 1981 1986 1991 1996 2001
Child
Adult
6
Total Revenues ($000)
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
1976 1981 1986 1991 1996 2001
Child
Adult
Avg growth: 76-92=13.8% , 92-2001 = 17.3%
7
Net Income ($000)
-50,0000
50,000100,000150,000200,000250,000300,000350,000400,000450,000500,000
1976 1980 1984 1988 1992 1996 2000
Child
Adult
8
Adjusted Net Income ($000)
-100,000
0
100,000
200,000
300,000
400,000
500,000
600,000
1976 1980 1984 1988 1992 1996 2000
Child
Adult
9
Return on Equity
3.7%
11.6%
-3.5%
11.0%
-4%
-2%
0%
2%
4%
6%
8%
10%
12%
reported adjusted
child
adult
10
Cumulative Adjusted Net Income ($000)
-175,937
1,415,000
-200,0000
200,000400,000600,000800,000
1,000,0001,200,0001,400,0001,600,000
Child (76-92) Adult (93-2001)
11
Dividends ($000)
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
1976 1980 1984 1988 1992 1996 2000
Child
Adult
12
Is there anything wrong with this picture?
(100,000)
0
100,000
200,000
300,000
400,000
500,000
1993 1995 1997 1999 2001
Reported Net Income
ciri
everyone else
13
Or with this picture?
(100,000)
0
100,000
200,000
300,000
400,000
500,000
600,000
1993 1995 1997 1999 2001
Adjusted Net Income
ciri
everyone else
14
