10 largest companies in Australia ranked
Forbes has compiled a list of 10 largest companies in Australia, based on a set of criteria including sales, profits, assets and market value, as of end 2007.
Companies who made it to the top list were selected from the initial 1,800 publicly traded Australian companies.
The points across all metrics or parameters were added up to form a composite score, sorted and ranked.
Major top players come in the banking and finance, mining, communication and retail. Out of the top 10 in the list, 5 of them come from the banking sector.
1. BHP Billiton
BHP Billiton, which is a result of a merger between BHP and Billiton, is the world’s largest mining and resources company. Headquartered in Melbourne, the company also has offices scattered around the world including in London, Perth, Johannesburg, Singapore, Santiago, Houston, The Hague and Shanghai. More than 38,000 people are employed with BHP Billiton, spanning across a 25-country operation.
2. National Australia Bank (NAB)
NAB is presently the number one banking and financial institution in Australia, and is the largest bank both by net worth and customer base. Apart from its native country, National Australia Bank also operates in 10 other countries, providing services to over 8 million customers. The growth of NAB from a small outfit to the huge size today is mainly driven by merger and acquisition exercises.
First established in early 20th century by the Australian government, the Commonwealth Bank rose steadily to become one of the ‘big four’ banks in the country. The bank has major presence in Australia, New Zealand, United Kingdom as well as the rest of Asia continent. For many years, the bank has been named the Best Bank in the annual Australia Banking and Finance Award.
4. Rio Tinto
Rio Tinto is an international corporation with core business in mining and resources, just like BHP Billiton. It is also one of the largest coal mining companies in the world. The company’s original name came from a Spanish mining avenue, which was acquired by a British corporation, who then eventually made its way to the world down under. Among of the commodities produced by Rio Tinto are iron ore, copper, industrial minerals, diamonds and so on.
5. ANZ Banking
Commonly called ANZ, the bank stands for Australia and New Zealand Banking Group Limited and is a premier player in the commercial and retail banking. As the name stands, it is only natural to know that the bank has the biggest operations in Australia and New Zealand. In addition to the two countries, ANZ also has market presence in 25 other countries, with particular to the South Pacific and Asia region.
6. Westpac Banking
Another financial services corporation, Westpac makes up the final of the ‘big four’ banks in Australia, along with NAB, Commonwealth Bank and ANZ. Its main service offerings include consumer finance which cover deposit, credit card, mortgage, and other lending, as well as business financial which comes in the form of solutions for the small and medium enterprises across the Australian nation.
Telstra Corporation is a global player of media and telecommunication, and is presently Australia’s largest provider of telephony, mobile, dial-up, wireless, DSL and cable internet services. Based in Melbourne, Victoria, Telstra has been facing competition from both the local and international fronts but continues its dominance throughout. As of 2007, Telstra employed a total workforce of close to 50,000 worldwide.
8. Macquarie Bank
Macquarie Bank is merchant bank and a financial services group, which offers a wide range of products and services to its customers. Apart from the commercial offerings, it also operates a number of investment funds. The Macquarie Infrastructure Group, which is owned by the bank, is presently the largest toll road operator in the world.
Woolworths Limited is the largest retail company in the whole of Australia and New Zealand in terms of revenues and market capitalization. Worldwide, Woolworth is the 25th largest retailer. But retail is not the only business the company is in as it is also active in the food, hotel and poker machine operation. It owns a string of supermarkets, stores and shops including Woolworths, Safeway, Food For Less, Big W, Fresh Choice, Dick Smith and many more.
A financial services corporation, AMP Limited has major presence in Australia and New Zealand, offering a broad range of products and services mainly banking, insurance, financial planning, wealth management, property, superannuation, assets and infrastructure. AMP serves more than 3 million customers worldwide, backed by 3,000 odd employees.