As explained many times:
P (flywheel) = P (wheel) +P (loss) multiplied with ambient correction factor
If the dyno is technically in order and calibrated, you can put the very same car on any dyno anywhere in the world and P (flywheel) will always read the same
P (flywheel) = Engine Power at flywheel
P (loss) = Power losses from flywheel to dyno roller (gearbox, diff, tyre drag)
P (wheel) = Power taken from dyno roller
Ambient correction factor = multiplier depending on temperature and air pressure to achieve same conditions as in controlled environment