Magazine article New Zealand Management

Top 200 Criteria 2010

Magazine article New Zealand Management

Top 200 Criteria 2010

Article excerpt

NZ Management magazine's listing of New Zealand's largest organisations includes New Zealand subsidiaries and local branches of overseas companies, producer boards, cooperatives, local authority trading enterprises and state-owned enterprises that operate as limited liability companies.

To be included in the Top 200, organisations must operate for a commercially determined profit and be liable for tax on earnings. Companies fully owned by another New Zealand company are excluded.

All figures are the latest available, verified and audited.

* Revenue: as disclosed in the entity's financial statements. Includes sales (excluding gross commission sales), rent, dividends, gains on disposal of assets and interest received.

* Profit After Tax: includes equity accounted profit including profit attributable to non controllable (minority) interests.

* EBITDA: Earnings before interest tax depreciation and amortisation and impairments of property plant or equipment or intangible assets.

* EBIT: Earnings Before Interest and Tax, includes unusual income and expense items. Not shown for the financial institutions.

* Return On Revenue: calculated by profit before interest and tax divided by revenue. Where no profit figures are shown, this calculation is not applicable as indicated by N/A.

* Total Assets: as disclosed in the entity's financial statements. Includes current and non-current assets, investments, tangible and intangible assets, deferred tax assets and goodwill.

* Total Equity: as disclosed in the entity's financial statements including non controlling (minority) interests. For New Zealand branches of overseas companies, the amount shown as owing to head office is taken as deemed equity.

* Return on Total Equity/Total Assets: calculated by profit after-tax divided by average total equity/total assets over the past two years. Where an entity is in its first year of operation the current year total equity/total assets figure has been used as an approximate.

* Proprietorship Ratio: Total Equity (see above) divided by average total assets over the past two years expressed as a percentage.

* Total Employees: New Zealand staff who work more than 30 hours a week. Includes staff of wholly owned subsidiaries.

General

* Companies that have operated less than six months are not included in this listing. …

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