Kompass New Zealand has turnover data for approximately 16% of the companies on the database. These are mainly publicly listed, foreign owned and private companies with something to boast about.
It is not a legal requirement for most companies to disclose this information and most companies would rather not. If you are trying to gauge company size we suggest using employee numbers as a proxy as Kompass has 98% coverage of this field or, on our Catalyst Desktop application, you can use the Turnover Estimate figures.
Companies that must disclose turnover
From the Companies Office Financial ReportingUnder the Financial Reporting Act 1993 (FRA) and Financial Reporting Amendment Act 2006, companies with the following criteria are required to file audited financial statements with the Registrar of Companies.
- 25% or more of its total shares are held by overseas companies
- Subsidiaries of overseas companies or persons ordinarily resident outside New Zealand
- An overseas company or a company classified as an issuer.
A review of all Companies which are required to file under the FRA reveals a total of 3,243 companies are required to file for the March 2005 balance date.