South Island Index
The Deloitte South Island Index (‘the Index’) is compiled quarterly from publicly available information provided by NZX, Unlisted and Bloomberg. It is a summary of the movements in market capitalisation of each South-Island based listed company. A company is included in the Index where either its registered office and/or a substantial portion of its operations are focused in the South Island.
The base period of the Deloitte South Island Index is 31 December 2006 and for the purposes of the Index this data is given a notional value of one. All subsequent quarterly cumulative market capitalisation totals are divided by the totals for the December 2006 quarter to obtain a relative movement. Market capitalisation will move as a result of capital injections, payments of dividends and capital returns. If a new South Island based company lists on the NZX or Unlisted they will be reflected in the Index as though they were present in the base period.
The Index will only reflect changes in market capitalisation subsequent to listing. If a company is suspended or delisted during a quarter, no data will be included for that quarter and all subsequent periods until the company is re-listed or the suspension lifted. Historical information regarding the company will continue to be included in the calculation of the index. For the purposes of the industry analysis some industry segments have been grouped to provide a more meaningful analysis.
