Color: The bright orange of the penguin's feet, beak, and reflection in the water above are great attention grabbers.  Everything else in the photograph is grey-blue, black, or dark green for the most part, so the orange stands out.  The grey-blue of the water makes it seem like it's a dark, rainy day.

 

Line: The water line is a diagonal line and creates interest in the picture.  It frames the penguin by only having part of it shown.

 

Texture: You can see the feathers on the body of the penguin.  You can also see the roughness of the rocks that the penguin is standing on.  The ripples in the water are all at the top of the photograph (the surface of the water).  The ripples show movement and imply that the penguin just jumped into the water.

 

Light: The water seems to be slightly murky in the background, which keeps the focus in the foreground.  The light also reflects off of the penguin's feet and into its body, causing an orange glow to appear on the belly of the penguin.