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

Net Profit

• As stated in the audited financial statements
• 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

Total Assets

• As stated in the audited financial statements

Shareholders' Equity

• As stated in the audited financial statements

Intangible Assets

• As stated in the audited financial statements

Quick Assets

• Cash and cash equivalents, liquid investments and accounts receivables

Current Liabilities

• As stated in the audited financial statements

Operating Cash flow

• Cash generated from operating activities, as stated in the audited financial statements

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

How to Apply