Definitions

Operating Profit Before Tax (OPBT)

  • As stated in the audited financial statements.
  • Exclude the following:
    • Exceptional or non-recurrent income and extraordinary items;
    • Share of profits/losses from all associated companies.

Gross Turnover

  • As stated in the audited financial statements.
  • Net of sales returns at financial year-end.  

Total Fixed Assets

  • As stated in the audited financial statements.
  • Sum of all fixed assets at net book value (i.e. Cost minus Accumulated Depreciation) as at financial year-end.

Net Tangible Assets

  • Total assets less total liabilities less intangible assets

Operating Cashflow as a Percentage of OPBT

  • Cash generated from operating activities, expressed as a percentage of OPBT

Quick Ratio

  • Cash and cash equivalents adding liquid investments and accounts receivables, divided by current liabilities

Debt to Equity Ratio

  • Total liabilities divided by shareholders’ equity

Number of Employees

  • Total number of employees at year end.
  • For parent company applications, the number of employees is the total from both parent and subsidiary companies.

Percentage of Gross Turnover from Overseas Operations

  • Gross turnover from overseas operations need not be derived from offices physically located overseas, and can include export functions from Singapore.

Percentage of Payroll Spent on Training

  • Total training cost over total payroll cost for the financial year.

Percentage of Revenue Spent on R&D

  • Total R&D expenditure over total revenue for the financial year.