Deloitte Top 200 criteria
The Deloitte Top 200 is a listing of New Zealand’s largest organisations ranked by revenue. This includes publicly-listed companies and larger unlisted entities which are required to disclose audited financial statements, including New Zealand subsidiaries and branches of overseas companies and the commercial operations of Maori organisations.
It also includes producer boards, co-operatives, local authority trading enterprises and state owned enterprises. To be included in the Top 200, organisations must operate for a commercially determined profit. They will generally but not always be liable for tax on earnings. Companies fully owned by another New Zealand company are excluded if they are reported as a consolidated group. In some instances where it is believed that the separate results are more meaningful because the company in question is competing with other similar NZ enterprises and where separate figures are available, these have been used in the tables and the holding company results excluded.
All figures are the latest available, verified and audited. We recognise that various organisations evaluate their own performance using measures specific to their business. For comparability and simplicity we have adopted a relatively simple calculation methodology focusing on understood financial measures.
The calculation of the below measures has been simplified based on understood financial measures. Comparative 2016 numbers have been updated for consistency.
as disclosed in the entity’s Statement of Comprehensive Income (excludes gross commission sales).
as disclosed in the Statement of Comprehensive Income.
earnings before net interest income/expense, tax, depreciation and amortisation and impairments of property, plant and equipment or intangible assets.
earnings before net interest income/expense and tax. Not shown for the financial institutions.
calculated as profit after tax divided by revenue.
as disclosed in the entity’s Statement of Financial Position. Includes current and noncurrent assets, investments, tangible and intangible assets, deferred tax assets and goodwill.
as disclosed in the entity’s Statement of Financial Position including noncontrolling (minority) interests. For NZ branches of overseas companies, the amount shown as owing to head office is deemed equity. calculated as profit after tax divided by average total assets over the period. Average total assets are calculated by adding the total assets at the beginning of a period to the total assets at the period’s end and dividing the result by two. calculated as profit after tax divided by average shareholder’s equity over the period. Average shareholders’ equity is calculated by adding the shareholders’ equity at the beginning of a period to the shareholders’ equity at the period’s end and dividing the result by two.
calculated as total liabilities divided by shareholder’s equity as disclosed in the entity’s Statement of Financial Position. Companies that have operated less than six months are not included in this listing. Majority shareholdings greater than 50 per cent by other New Zealand entities are indicated in brackets. A key to these abbreviations follows the listing. Not disclosed (N/D) is used where figures were not disclosed by the company or disclosed but not able to be verified. An (-) indicates the company was not ranked last year. Includes banks, finance companies, insurance companies (life/fire and general/superannuation). These are ranked on total assets and appear separately. The financial institution results are based on the entity’s legal set of accounts and not those accounts which include funds under administration (i.e. accounts which include assets that are not legally owned by that institution but administered by it).
Profit After Tax: is shown for information purposes only and no ranking is given.
Total Equity: as disclosed in the entity’s financial statements including noncontrolling (minority) interests. For NZ branches of overseas companies, the amount shown as owing to head office is deemed equity.
Return on Total Assets/Equity: calculated by profit after tax divided by average total assets/total equity over the past two years. For an entity in its first year of operation the current year total equity/total assets figure is used as an approximate.