Criteria for being listed on the Deloitte Top 200 indices
To be included in the Deloitte Top 200 and Top 30 Financial Institutions indices, entities must operate for a commercially determined profit and be classified as a for-profit entity, as defined by the External Reporting Board (XRB). Across all indices, the following inclusion criteria applies:
Audited financial statements must be prepared on a going concern basis
Entities are generally liable for tax, though not always
Entities must have operated for at least 12 months
Fully owned subsidiaries of New Zealand entities are excluded if reported as part of a consolidated group; however, if separate results are available and offer meaningful comparison - especially when competing with similar New Zealand entities - these may be included
“N/A” indicates figures were not disclosed or could not be calculated
A “–” symbol means the entity was not ranked in the previous year
We use a consistent set of financial metrics to assess and compare entities across the Deloitte Top 200 indices. Below is a summary of how each measure is defined and calculated:
Revenue
As disclosed in the entity’s Statement of Comprehensive Income.
EBITDA
Earnings before net interest income/expense, tax, depreciation, amortisation, and impairments of property, plant and equipment, right-of-use assets, or intangible assets.
EBIT
Earnings before net interest income/expense and tax. (Note: Not reported for financial institutions.)
Profit after tax
As disclosed in the Statement of Comprehensive income.
Profit after tax (%)
Calculated as: Profit after tax ÷ Revenue
Total assets
As disclosed in the Statement of Financial Position, including current and non-current assets, investments, tangible and intangible assets, deferred tax assets, and goodwill.
Return on Assets (ROA)
Calculated as: Profit after tax ÷ Average total assets
Average total assets are based on the opening and closing balances for the period. For entities operating less than two years, the year-end figure is used as an estimate.
Total equity
As disclosed in the Statement of Financial Position, including non-controlling interests. For New Zealand branches of overseas companies, amounts owed to the head office are treated as equity.
Return on Equity (ROE)
Calculated as profit after tax divided by average shareholder’s equity over the period. Average shareholders’ equity is calculated by adding the shareholders’ equity at the beginning of a period to the shareholders’ equity at the period’s end and dividing the result by two. For an entity that has operated for only one year the first year total equity figure is used as an approximate.
Debt to equity ratio
Calculated as: Total liabilities ÷ Shareholders’ equity
Figures are sourced from the Statement of Financial Position.
