What does PI Score Means

The Public Interest score (PI Score) of the company is the interest of the public/investors in the Company. This score calculated based on certain financial and non-financial parameters. Below we take a closer look at the attributes that lead to determining the PI Score of a company.

  1. Number of Employees
  2. Third Party Liability of Company
  3. Turnover
  4. Number of Individuals with Beneficial Interest in Securities of Company or Members  in case of Non-Profit Company

PI Score - public interest score

Filing Criteria To Calculate Your Company's PI Score

If your entity falls under the below criteria, you will need to comply with the mandate:

  • If your company has a Memorandum of Incorporation (MOI) that prescribes the filing of audited financial statements
  • Any entity holds assets in a fiduciary capacity for persons who are not related to the company, and the aggregate value of such assets held at any time during the financial year exceeds R5 million
  • Any private or personal liability company that has has its AFS compiled internally and has a Public Interest Score (PIS) of 100 or more
  • Any private or personal liability company that has its AFS compiled by a third party or an independent firm and has a Public Interest Score (PI Score) of 350 or more

The starting point for any entity is to check the Qualifying Criteria outlined above. For private entities and close corporations the manner in which the AFS is compiled and Public Interest Score (PI Score)  become important factors that decides the if the entity is required to file in iXBRL or not. Learn more from our blog on Public Interest Score.

PI Score Calculator