Read
Annolyse reads available company materials and records the disclosed figures in a consistent format where the source supports it.
Methodology
Annolyse converts public company filings into structured metrics, checks key fields before publishing, and then writes editorial analysis from those available figures.
Annolyse reads available company materials and records the disclosed figures in a consistent format where the source supports it.
Publication is blocked when core fields are missing, units are implausible, formulas do not reconcile, or cross-statement inconsistencies appear.
Derived metrics use one shared definition for each measure, including required inputs, missing-input handling, display format, and version.
Briefings and insights use canonical numbers, precomputed historical observations, and sector/source context to explain what changed, whether cash backed earnings, how balance-sheet risk moved, and what remains unresolved.
If confidence or source-quality checks stay weak, the briefing stays out of public publication until it has been reviewed or corrected.
Reported operating revenue for the period, using the issuer's stated units and normalised into NZD millions when the filing provides a stable unit basis.
Current reported revenue compared with the prior comparable period. Mixed half-year/full-year absolute values are not treated as like-for-like.
The issuer's primary disclosed operating earnings measure. Examples: utilities often disclose EBITDAF, while telecommunications companies may disclose EBITDAI. Annolyse uses the issuer-labelled measure where it is the primary operating metric.
EBITDA-equivalent divided by revenue. Suppressed where revenue is missing, zero, or not a meaningful denominator.
Profit before tax movement against the prior equivalent period. Large swings receive a caveat where they may reflect one-off items or denominator effects.
Reported profit before income tax. Used as the cleaner pre-tax bridge when NPAT is distorted by tax, discontinued operations, or unusual post-tax items.
Net profit after tax attributable to ordinary shareholders, where the filing clearly reports this as a separate line item attributable to ordinary shareholders.
Net profit after tax movement against the prior equivalent period. Large or distorted changes are treated as caveats, not recommendations.
Tax expense divided by profit before tax. Suppressed when PBT is negative or too small to produce a stable percentage.
Net cash generated from operating activities for the reporting period.
Operating cash flow divided by EBITDA-equivalent. Values above 100% usually indicate working-capital release rather than a structural improvement in earnings quality.
Operating cash flow less capital expenditure, shown before and after lease payments where the filing provides enough detail.
Operating cash flow less capital expenditure before lease principal payments. This helps separate operating cash generation from lease-financing structure.
Free cash flow after lease payments where the filing provides lease-payment detail. Used as the stricter cash-flow measure for debt and dividend capacity.
Actual capital expenditure for the period, drawn from investing-cash-flow lines such as payments for property, plant, equipment, intangibles, or development assets.
Capital expenditure scaled against revenue. It is useful for comparing reinvestment burden, but can be distorted by lumpy projects or asset sales.
The cash impact from changes in receivables, inventory, payables, and related operating balances where disclosed.
Receivables scaled against revenue to estimate how long cash is taking to collect. Used only where receivables and revenue are comparable.
Inventory scaled against cost of sales or revenue when the available data supports it. Suppressed where the business model makes inventory days irrelevant.
Borrowings less cash and cash equivalents. Negative values indicate net cash.
Interest-bearing borrowings before cash offset. Trade payables and ordinary operating liabilities are excluded.
Net debt divided by EBITDA-equivalent. Suppressed when EBITDA is negative because the ratio is not meaningful.
Companies holding more cash than borrowings are labelled as net-cash. A decline in their cash position is not described as leverage deterioration; that framing applies to companies with net debt.
NPAT divided by current total equity where the filing discloses or supports both values clearly enough to calculate the ratio.
Reported total assets from the balance sheet. Used as a completeness check and as context for property, infrastructure, and capital-heavy issuers. Required for full-year results. Half-year (interim) filings frequently omit a restated balance sheet under NZ IFRS — the most recent full-year balance sheet is carried forward unchanged and a fresh balance sheet is published with the next full-year release. When that happens the field is shown as n/a for the half-year period rather than blocking publication, and balance-sheet reconciliation is suppressed for that period rather than flagged as inconsistent. Period-over-period comparisons treat the half-year value as not applicable rather than zero.
Reported equity attributable to owners where available. Used in ROE, price-to-book, and balance-sheet context.
Dividend per share declared for the period, expressed in cents per share where the filing provides a per-share value.
When no dividend is declared, Annolyse shows that directly rather than forcing a payout or coverage ratio.
Declared dividend per share divided by basic EPS where both inputs are available on the same period basis. Extreme or non-meaningful ratios are suppressed rather than forced.
For full-year results, final dividend plus the interim dividend divided by full-year basic EPS where those inputs are available. This is separate from the currently declared dividend payout ratio.
Dividends divided by free cash flow. Suppressed when free cash flow is missing or not meaningful.
Latest dividend per share annualised against the latest available market price where market data is available.
Latest available share price multiplied by shares on issue where both inputs are available.
Latest market capitalisation divided by trailing twelve-month NPAT. Full-year rows use the latest FY NPAT; half-year rows use latest HY plus the prior second half where the prior FY and HY are available. Negative, near-zero, or unsupported earnings are shown as not meaningful.
Calculated only when a forward EPS input is available. If no forward EPS source is available from filings or market data, the metric is intentionally omitted.
Latest market capitalisation divided by total equity from the latest published result where both values are available and comparable.
Latest market capitalisation divided by trailing twelve-month free cash flow pre-lease. Negative, distorted, or unsupported cash flow is shown as not meaningful.
Net tangible assets per share where disclosed. It is most useful for property, investment, and asset-heavy companies.