Application form
Definitions within the application form
1) Gross Turnover
• Revenue as stated in the audited / certified financial statements.
• Net of sales returns during the financial year.
2) Gross Profit
• Revenue less cost of goods sold.
• Cost of goods sold includes cost of material, labour charges and other direct costs and overheads.
3) Operating Profit Before Tax
• Gross Profit less selling and distribution expenses, administration expenses and other trade related credit / charges.
• Exclude the following:
• Exceptional or non-recurring items
• Share of profits/ losses from all associated companies.
4) Total Fixed Assets
• As extracted from the audited / certified balance sheet.
• Sum of all fixed assets at net book value (i.e Cost less Accumulated Depreciation) as at financial year-end.
5) Total Net Tangible Assets
• Aggregate of Fixed Assets, Long Term Tangible Assets, Current Assets less aggregate of Current Liabilities and Non-current Liabilities.
• Exclude intangible assets such as goodwill and intellectual properties.
6) Shareholder Funds
• Aggregate share capital, reserves, retained earnings for private limited company.
• Aggregate partners’ or sole proprietor’s capital and current accounts.
7) Paid-up Capital (S$)
• Allotted and paid-up share capital, including ordinary and preference shares, if applicable.
• Not applicable to partnership & sole proprietorship.
8) Number of Employees
• Total number of full time employees as at 31 December 2008, supported by CPF returns.
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