REALISING THE POTENTIAL ANNUAL REPORT AND ACCOUNTS 2011 2 CONTENTS Financial calendar 2 Company secretary and registered office Miss Norma Tang, New Mills, Wotton-under-Edge Results at a glance 3 Gloucestershire, UK. GL12 8JR Chairman’s statement 4 Registered number: 1106260, England and Wales Metrology review 8 Telephone: +44 (0)1453 524524 Healthcare review 16 Facsimile: +44 (0)1453 524401 email:
[email protected] Board of directors 20 Website: www.renishaw.com Management committees 22 Auditors Business review 23 KPMG Audit Plc Corporate social responsibility 28 Solicitors Directors’ report 35 Norton Rose LLP Burges Salmon LLP Directors' corporate governance report 37 Directors’ remuneration report 39 Stockbrokers UBS Notice of meeting 40 Statement of directors’ responsibilities 42 Principal bankers Lloyds TSB Bank Plc Independent auditors' report 43 Consolidated income statement 44 Registrars and transfer office Equiniti Limited, Aspect House, Spencer Road, Lancing Consolidated statement of comprehensive income and expense 44 West Sussex, UK. BN99 6DA Consolidated balance sheet 45 Telephone: 0871 384 2169 (UK callers) Consolidated statement of changes in equity 46 +44 121 415047 (international callers) Facsimile: +44 (0)871 384 2100 Consolidated statement of cash flow 47 Website: www.shareview.co.uk Notes 48 UK calls to 0871 numbers are charged at 8p per minute from a BT landline. Other Company balance sheet 66 telephony providers’ costs may vary. Reconciliation of movements in shareholders' funds 66 Notes to the Company financial statements 67 Shareholders’ profile 74 10 year financial record 74 Focus on the Far East 76 Financial calendar Annual general meeting Realising the potential 13th October 2011 Dividends Front cover image shows a Renishaw RMP60 probe being fitted to a Final dividend horizontal machining centre at Shenyang Machine Tool (Group) Co., Ex-div date 14th September 2011 Ltd (SMTCL).