Change in Articles will address potential conflicts of interest
UK precision equipment maker Renishaw discloses information on impending changes to its Articles of Association, subject to shareholder approval, in response to clauses in the Companies Act 2006 on directors' conflicts of interest.
Less than 20% ownership delivers significant influence UK engineering company Renishaw recognises a £15 million software intangible asset that doubles net assets of an associated undertaking to £30 million.
Contrary to IFRS, UK engineering company Renishaw measures £1.9 million acquired intangible assets net of £0.6 million deferred tax in its first IFRS accounts.
Revenue includes hedging gains
UK engineering company Renishaw includes £0.7 million gains on hedges of revenue transactions in comparative revenue.