Award Criteria



2017 Top 200 Criteria

The Deloitte Top 200 is a listing of New Zealand’s largest organisations ranked by revenue. This includes publicly-listed companies and larger unlisted entities which are required to disclose audited financial statements, including New Zealand subsidiaries and branches of overseas companies and the commercial operations of Maori organisations.


It also includes producer boards, co-operatives, local authority trading enterprises and state-owned enterprises. To be included in the Top 200, organisations must operate for a commercially determined profit. They will generally but not always be liable for tax on earnings. Companies fully owned by another New Zealand company are excluded if they are reported as a consolidated group. In some instances where it is believed that the separate results are more meaningful because the company in question is competing with other similar NZ enterprises and where separate figures are available, these have been used in the tables and the holding company results excluded.


All figures are the latest available, verified and audited. We recognise that various organisations evaluate their own performance using measures specific to their business. For comparability and simplicity we have adopted a relatively simple calculation methodology focusing on understood financial measures.


The calculation of the below measures has been simplified based on understood financial measures. Comparative 2016 numbers have been updated for consistency.


  • Revenue: as disclosed in the entity's Statement of Comprehensive Income (excludes gross commission sales).
  • Profit after tax: as disclosed in the Statement of Comprehensive Income.
  • EBITDA: earnings before net interest income/expense, tax, depreciation and amortisation and impairments of property, plant and equipment or intangible assets.
  • EBIT: earnings before net interest income/expense and tax. Not shown for the financial institutions.
  • Net profit %: calculated as profit after tax divided by revenue.
  • Total assets: as disclosed in the entity's Statement of Financial Position. Includes current and non-current assets, investments, tangible and intangible assets, deferred tax assets and goodwill.
  • Total equity: as disclosed in the entity's Statement of Financial Position including non-controlling (minority) interests. For New Zealand branches of overseas companies, the amount shown as owing to head office is deemed equity.
  • Return on assets (ROA): calculated as profit after tax divided by average total assets over the period. Average total assets are calculated by adding the total assets at the beginning of a period to the total assets at the period's end and dividing the result by two.
  • 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.
  • Debt to equity ratio: calculated as total liabilities divided by shareholder’s equity as disclosed in the entity’s Statement of Financial Position.


The Company of the Year Award recognises the best organisational performance from the previous year. Judging criteria includes the latest financial measures as well as non-financial and other qualitative measures of organisational performance. These may include things like corporate reputation, approach to environmental management, human resource management and others.





The Chief Executive of the Year Award recognises the best executive performance from the previous year. Judging criteria includes the performance of the winner’s organisation and the extent to which he/she has contributed to that performance and the current strategy. Also important is the regard in which the winner is held by peers.


The CFO of the Year Award recognises a CFO whose performance from the previous year has been outstanding. The award aims to highlight and honour a CFO whose influence and stewardship of their organisation’s financials and stakeholders has resulted in value and success for their company’s shareholders. The judging criteria include the financial performance of the organisation under the direction of the CFO, their demonstrated contribution to sustainable value for shareholders, their communication and strategic planning capabilities, as well as their ability to ‘steady the ship’ in good and bad financial times.



Chairperson of the Year is awarded to the top board performer from the previous year. The judging criteria include the performance of the organisation(s) and the extent to which the winner has contributed to the performance of the board(s) he or she chairs. Judges will also take into account the regard in which the winner is held by peers. Also of importance is the understanding of, and commitment to, promoting high standards of corporate governance.







The Young Executive of the Year Award recognises standout individuals who are prepared to go beyond perceived limitations and strive for personal and organisational excellence. The award provides an opportunity to celebrate young executives roles in influencing, growing and providing strategy and direction in their organisation.


The Best Growth Strategy Award recognises an outstanding growth performance. Criteria include the past year’s revenue and profit growth. Other factors may include if the growth appears to be sustainable, if it is based on international business expansion and the short and long term advantages of growth for the organisation.



The Excellence in Governance Award recognises an outstanding performance in organisational governance. It is based on criteria determined with the approval of the Institute of Directors and in accordance with the New Zealand Securities Commission Corporate Governance Principles and Guidelines.



The Diversity Award was first introduced in 2014. Organisations who appear on the Deloitte Top 200 and Deloitte Top 30 Financial Institutions lists are invited to apply for the award. Award applicants are assessed on the basis of their commitment to promoting diversity and inclusion throughout their business, including on issues beyond gender, as well as their development of innovative solutions to a diversity challenge or opportunity they recognise as business critical.



The Most Improved Performance Award recognises an outstanding change in business performance. The judges look at the relative improvement in all performance indicators over the previous year, the source of the improvement, and other ways the organisation has changed in the past year and the impact of these changes.


The recipient of this award will not necessarily be associated with a Top 200 company or, in fact, any company at all. He/she will be someone in the business world or someone who has applied business methods to other fields or whose work is of importance to the business community. Their contribution might have been made in the previous 12 months or the award may be recognition for a lifetime’s achievement. The winner of the award will have taken a visionary position and leads by example.