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