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.
Return on Equity
- Net profit divided by shareholders' equity
- Net profit to exclude exceptional or non-recurrent income and extraordinary items
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.