DOCSLIB.ORG

Annual Report: 2018

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report: 2018 Annual report and accounts 2018 Annual Report and Accounts 2018 Renishaw is a world leading metrology company. With our highly experienced team, we are confidently driving our future growth through innovative and patented products and processes, efficient, high-quality manufacturing and the ability to provide local support in our expanding global markets. 95% of our sales are outside the UK. Our continuing investment in new product development, plant and equipment, and facilities (c.£100m in the last year) is the key to our confidence in the Group’s long-term strategy and prospects. With more than 4,800 skilled and motivated people, we are at the leading edge of delivering innovative solutions globally. Financial highlights Strategic reportStrategic Revenue Contents Strategic report £611.5m 0 Introduction (2017: £536.8m) 1 Financial highlights 2 Renishaw at a glance 4 Chairman’s statement Adjusted* profit before tax 6 Chief Executive’s review Governance 10 Our business model 12 Our strategy £145.1m 15 Key performance indicators (2017: £10 9.1m) 16 Our markets 18 Performance – financial review 22 Delivering global solutions Statutory profit before tax 24 Metrology 28 Healthcare 32 Risk and risk management Financial statements £155.2m 34 Principal risks and uncertainties (2017: £117.1m) 38 Corporate social responsibility Dividend per share Governance 44 Directors’ corporate governance report 46 Board of directors 60.0p information Shareholder 48 Executive Board (2017: 52.0p) 49 International Sales and Marketing Board Adjusted* earnings per share 55 Nomination Committee report 56 Audit Committee report 60 Directors’ remuneration report 72 Other statutory and 170.5p regulatory disclosures (2017: 132.4p) 75 Directors’ responsibilities 76 Independent auditor’s report Statutory earnings per share Financial statements 84 Contents to the Financial statements 181.8p 85 Consolidated income statement 86 Consolidated statement of (2017: 141.3p) comprehensive income and expense 87 Consolidated balance sheet 88 Consolidated statement of changes in equity 89 Consolidated statement of cash flow 90 Notes (forming part of the financial statements) 114 Company balance sheet 115 Company statement of changes in equity 116 Notes to the Company financial statements Shareholder information 126 10 year financial record * Note 24, Alternative performance measures, defines 127 Shareholder information how adjusted profit before tax and adjusted earnings per share are calculated. For more information visit: www.renishaw.com All dates within this document refer to financial years unless stated otherwise. Renishaw plc Annual report and accounts 2018 1 Strategic report Renishaw at a glance Renishaw is a global, high-precision metrology and healthcare technology group. We market our products through our subsidiaries in 36 countries and 80 locations. What we do Metrology products: Healthcare products: Our technology solutions help manufacturers to maximise Our technologies are helping within applications such production output, to significantly reduce the time taken as craniomaxillofacial surgery, dentistry, neurosurgery, to produce and inspect components, and to keep their chemical analysis and nanotechnology research. machines running reliably. In the fields of industrial These include engineering solutions for stereotactic automation and motion systems, our high-quality position neurosurgery, analytical tools that identify and characterise measurement and calibration systems allow machine the chemistry and structure of materials, supply of builders to manufacture highly accurate and reliable implants to hospitals and specialist design centres for products. We are a world leader in the field of additive craniomaxillofacial surgery, and products and services manufacturing (also referred to as metal 3D printing) and that allow dental laboratories to manufacture high-quality the only UK business that designs and makes industrial dental restorations. machines which ‘print’ parts from metal powder. Where we operate UK and Ireland 17% Continental Europe 6% 94% Locations Locations 14 83% 24 Metrology revenue Metrology revenue £25.5m £144.4m Healthcare revenue Healthcare revenue £5.0m £9.8m Far East, including 4% 13% 96% Australasia Other regions 87% Locations Locations 26 7 Metrology revenue Metrology revenue £269.5m £16.8m Healthcare revenue Healthcare revenue £11.3m £2.6m North, South and 6% 94% Central America Locations 9 Metrology revenue £119.6m Healthcare revenue £7.0 m 2 Renishaw plc Annual report and accounts 2018 Strategic reportStrategic Governance Our core markets Aerospace Automotive Consumer products Power generation • New aircraft production • Continuing investment • Ever shorter product life • Manufacture of Financial statements to meet growing in manufacturing cycles require flexible components for civil global demand for capacity to meet growing manufacturing systems nuclear, wind and civil air transport global demand solar energy • New generations of • New fuel-efficient • Improved fuel efficiency electronic devices • Increasing focus on engines with complex requires tighter tolerances demand precision maximising output from parts requiring on powertrain components manufacturing systems machinery used in faster measurement for form and function. power generation • Cost efficiencies and Shareholder information Shareholder • Improvements to fuel automated processes • Increasing research into efficiency by minimising required throughout the energy storage. airframe weight. supply chain. Agriculture Construction Healthcare Resource exploration • Increasing global demand • Major infrastructure • Neurological disorders • Equipment manufactured for food products from projects driving heavy require highly precise to stringent safety developing nations equipment sales surgical therapies requirements requires accurate, cost-effective • Increasing global demand • Skills shortages requiring • Growing demand for and traceable processes for biofuels more automation in cosmetic dentistry with equipment manufacturers. superior aesthetics • Non-renewable resources • Greater investment in require exploration in machinery for intensive • Growing demand for demanding terrains and farming capabilities and patient-specific implants. appropriate surveying tools Smart Farming. • Global population growth and urbanisation drive long-term demand for fossil fuels. 2018 in numbers Revenue Adjusted* profit before tax Statutory profit before tax £ 611. 5 m £145.1m £155.2m * Note 24, Alternative performance measures, defines how adjusted profit before tax is calculated. Total dividend for the year Number of employees Patents – continual innovation at 30th June 2018 in new technologies 60.0p 4,862 1, 8 0 0 + Renishaw plc Annual report and accounts 2018 3 Strategic report Chairman’s statement Introduction I am pleased to report our 2018 The Group is again reporting a very annual results. We achieved a record strong year with record revenue of turnover for the second successive £611.5m (2017: £536.8m) and record year of £611.5m (2017: £536.8m) adjusted profit before tax of £145.1m (2017: £109.1m), an increase of 33%. with revenue growth of 18% at On a statutory basis, profit before tax constant exchange rates. We are rose by 33% to £155.2m. also reporting a record adjusted* profit before tax of £145.1m (2017: £109.1m), an increase of 33%. Our total shareholder return (TSR) during the year was 48%, ranking Renishaw 18th in the FTSE 250. During the year, I took the decision to hand over my Chief Executive responsibilities. The Board and I were delighted to appoint Will Lee as Chief Executive from 1st February 2018. Will has demonstrated significant leadership capabilities in his time at Renishaw having joined in 1996 and having been appointed to the Board as Sales and Marketing Director in 2016. We have confidence that Will can inspire the next generation to build on Renishaw’s heritage. The Board has prepared and agreed written statements of the key responsibilities of the Chief Executive and the Executive Chairman and they are available on our website at www.renishaw.com/corporategovernance. Other Board changes Kath Durrant is stepping down from the Board with effect from 31st July 2018. Kath, who was appointed to the Board in 2015 and is Chair of the Remuneration Committee, has made a considerable contribution to the Board and Renishaw and I would like to thank her and wish her well for the future with her senior executive role with Dublin based CRH plc. We are pleased to announce the appointment of Catherine Glickman as an independent non-executive director with effect from 1st August 2018. Catherine will be a member of the Audit and Nomination Committees and Chair of the Remuneration Committee. She is an independent non- executive director and chair of the remuneration committee at Marston’s plc. She is also a non-executive director at TheWorks.co.uk plc where she is chair of its remuneration committee and a member of its audit and nomination committees. Catherine brings extensive experience with her strong HR background, having previously been Group HR Director at Genus plc and Tesco plc, and will be a valuable addition to the Company’s resources at Board level and particularly as chair of the Remuneration Committee. Sir David McMurtry, Executive Chairman 4 Renishaw plc Annual report and accounts 2018 In February 2018, we further strengthened our Executive reportStrategic Board with the appointment of Gareth Hankins, Director, Group Manufacturing Services Division, and
Load more

Recommended publications
  • Annual Report and Accounts 2014 3FOJTIBXQMD Annual Report and Accounts 2014
    Annual report and accounts 2014 3FOJTIBXQMD Annual report and accounts 2014 Contents 4USBUFHJDSFQPSU (PWFSOBODF 'JOBODJBMTUBUFNFOUT *OUSPEVDUJPO *OUSPEVDUJPO $POTPMJEBUFEJODPNFTUBUFNFOU $IBJSNBOTTUBUFNFOU #PBSEPGEJSFDUPSTBOEDPNQBOZTFDSFUBSZ $POTPMJEBUFECBMBODFTIFFU 0VSCVTJOFTTNPEFM &YFDVUJWF#PBSE $POTPMJEBUFETUBUFNFOU 0VSTUSBUFHZ *OUFSOBUJPOBM4BMFTBOE.BSLFUJOH#PBSE PGDPNQSFIFOTJWFJODPNF BOEFYQFOTF 0VSTUSBUFHZJOBDUJPO %JSFDUPSTDPSQPSBUFHPWFSOBODFSFQPSU $POTPMJEBUFETUBUFNFOUPGDIBOHFTJOFRVJUZ 0VSCVTJOFTTTFDUPSTm.FUSPMPHZ /PNJOBUJPODPNNJUUFFSFQPSU $POTPMJEBUFETUBUFNFOUPGDBTh flPX 4QBUJBMNFBTVSFNFOUEFWJDFTPWFSWJFX "VEJUDPNNJUUFFSFQPSU /PUFTUPUIFDPOTPMJEBUFE 0VSCVTJOFTTTFDUPSTm)FBMUIDBSF %JSFDUPSTSFNVOFSBUJPOSFQPSU fiOBODJBMTUBUFNFOUT 0VSNBSLFUTm%FMJWFSJOHTPMVUJPOTHMPCBMMZ 0UIFSTUBUVUPSZBOESFHVMBUPSZEJTDMPTVSFT $PNQBOZCBMBODFTIFFU 1FSGPSNBODFm0WFSWJFX %JSFDUPSTSFTQPOTJCJMJUJFT 3FDPODJMJBUJPOPGNPWFNFOUT 1FSGPSNBODFm.FUSPMPHZ *OEFQFOEFOUBVEJUPSTSFQPSUUPUIF JOTIBSFIPMEFSTGVOET 1FSGPSNBODFm.BOVGBDUVSJOH NFNCFSs oG3FOJTIBXQMD /PUFTUPUIF$PNQBOy fiOBODJBMTUBUFNFOUT 1FSGPSNBODFm)FBMUIDBSF 1FSGPSNBODFm'JOBODJBMSFWJFX 4IBSFIPMEFSJOGPSNBUJPO ,FZQFSGPSNBODFJOEJDBUPST 1SJODJQBMSJTLTBOEVODFSUBJOUJFT ZFBr fiOBODJBMSFDPSE $PSQPSBUFTPDJBMSFTQPOTJCJMJUZ 4VCTJEJBSZVOEFSUBLJOHT 4IBSFIPMEFSJOGPSNBUJPO 1 3FOJTIBXQMD Annual report and accounts 2014 Introduction report Strategic Renishaw is a world leading metrology company. With our highly experienced team, we are confidently driving our future growth through innovative and patented products
    [Show full text]
  • UK P&L 161107 MAR.Xlsx
    Messels December 2016 Rec Last UK FTSE 100 Stocks Open price Close/last %chg Index Relative 30-Nov 30-Dec BP/ LN Equity BP PLC 459.45 509.6 10.9% 5.29% 5.6% 30-Nov 30-Dec RRS LN Equity Randgold Resources Ltd 5700 6415 12.5% 5.29% 7.3% 30-Nov 30-Dec RIO LN Equity Rio Tinto PLC 2990 3158.5 5.6% 5.29% 0.3% 30-Nov 30-Dec BA/ LN Equity BAE Systems PLC 600.5 591.5 -1.5% 5.29% -6.8% 30-Nov 30-Dec CRH LN Equity CRH PLC 2660 2830 6.4% 5.29% 1.1% 30-Nov 30-Dec CRDA LN Equity Croda International PLC 3262 3196 -2.0% 5.29% -7.3% 30-Nov 30-Dec AHT LN Equity Ashtead Group PLC 1567 1580 0.8% 5.29% -4.5% 30-Nov 30-Dec BNZL LN Equity Bunzl PLC 2060 2109 2.4% 5.29% -2.9% 30-Nov 30-Dec EXPN LN Equity Experian PLC 1510 1574 4.2% 5.29% -1.1% 30-Nov 30-Dec WOS LN Equity Wolseley PLC 4645 4962 6.8% 5.29% 1.5% 30-Nov 30-Dec GSK LN Equity GlaxoSmithKline PLC 1495.5 1562 4.4% 5.29% -0.8% 30-Nov 30-Dec BRBY LN Equity Burberry Group PLC 1429 1497 4.8% 5.29% -0.5% 30-Nov 30-Dec RB/ LN Equity Reckitt Benckiser Group PLC 6763 6886 1.8% 5.29% -3.5% 30-Nov 30-Dec MRW LN Equity Wm Morrison Supermarkets PLC 217.5 230.7 6.1% 5.29% 0.8% 13-Dec 30-Dec ITV LN Equity ITV PLC 192.1 206.4 7.4% 2.50% 4.9% 20-Dec 30-Dec REL LN Equity RELX PLC 1417 1449 2.3% 1.40% 0.9% 30-Nov 30-Dec MCRO LN Equity Micro Focus International PLC 2111 2179 3.2% 5.29% -2.1% 30-Nov 30-Dec BARC LN Equity Barclays PLC 215.95 223.45 3.5% 5.29% -1.8% 06-Dec 30-Dec DLG LN Equity Direct Line Insurance Group PLC 354.8 369.4 4.1% 5.35% -1.2% 30-Nov 30-Dec PRU LN Equity Prudential PLC 1548.5 1627.5 5.1% 5.29% -0.2%
    [Show full text]
  • Annual Report and Accounts for the Year Ended 31 December 2010
    Hill & Smith Holdings PLC Hill & Smith Holdings PLC 2010 Annual Report and Accounts for the Westhaven House, year ended 31 December 2010 Arleston Way, Shirley, Solihull, B90 4LH Tel: +44 (0) 121 704 7430 Fax: + 44 (0) 121 704 7439 Hill & Smith Holdings PLC Annual Report and Accounts 2010 www.hsholdings.com 20073-04 Hill&Smith_AW_CVR.indd 1 18/03/2011 16:32:05 Hill & Smith Holdings PLC Hill & Smith Holdings PLC Annual Report and Accounts 2010 Annual Report and Accounts 2010 10 Hill & Smith Holdings PLC Hill & Smith Holdings PLC is an international group with leading positions in the supply to global markets of infrastructure products, galvanizing services and building and construction products. It serves its customers from facilities principally in the UK, France, USA, Thailand and China. A fire escape galvanized by France Galva for the Système U retail group head office in France. Contents Overview 01 Key Financial Highlights 02 Chairman’s Statement Review of 2010 04 Business Review 10 Our Divisions 13 Key Performance Indicators 14 Principal Risks and Uncertainties 16 Key Resources and Contractual Relationships 18 Corporate Social Responsibility Governance 24 Board of Directors and Biographies 26 Directors’ Report 30 Corporate Governance Report 35 Directors’ Remuneration Report 42 Statement of Directors’ Responsibilities Financial Statements 43 Independent Auditor’s Report 44 Group Financial Statements 82 Company Financial Statements 90 Five Year Summary and Financial Calendar Information 91 Shareholder Information 92 Principal Group Businesses 94 Directors, Contacts and Professional Advisers 96 Notes Front Cover in descending order V&S LLC’s galvanized welded studs on 64’ beams for the Tappanzee Bridge in New York.
    [Show full text]
  • Renishaw Annual Report 2013
    Annual report and accounts 2013 Annual report and accounts 2013 Celebrating years of innovation (1973 – 2013) Renishaw plc Annual report and accounts 2013 Overview Contents Find more information online at www.renishaw.com OVERVIEW GOVERNANCE 01 Introduction 45 Governance 02 Chairman’s statement 46 Board of directors and company secretary 06 Our business sectors 48 Executive Board 08 Our products 49 International Sales and Marketing Board 10 Our markets 51 Directors’ corporate governance report DOWNLOADS 12 Strategy and business model 56 Directors’ remuneration report AND WEBCASTS 58 Other statutory and regulatory disclosures PERFORMANCE You can access the annual and half year 61 Directors’ responsibilities statement reports for the last five years from our 14 Business review 62 Independent auditors’ report website. Also available are recordings of previous webcasts. 17 – Metrology http://www.renishaw.com/financials 22 – Healthcare 25 – Manufacturing FINANCIAL STATEMENTS 26 – The Future – Additive Manufacturing 64 Consolidated income statement 28 – Financial review 65 Consolidated balance sheet 31 – Key performance indicators 66 Consolidated statement 32 – Principal risks and uncertainties of comprehensive income and expense 34 – Corporate social responsibility 67 Consolidated statement of changes in equity 68 Consolidated statement of cash flow 69 Notes to the consolidated financial statements investor information 91 Company balance sheet Information of interest to shareholders 91 Reconciliation of movements and others, such as videos explaining in shareholders’ funds our products and business strategy, 92 Notes to the Company financial statements are provided on our website. http://www.renishaw.com/investor SHAREHOLDER INFORMATION 101 10 year financial record 102 Subsidiary undertakings 103 Shareholder information 105 Notice of meeting CHAIRMAN’S STATEMENT – SUPPLEMENTARY VIDEO You can watch the Assistant Chief Executive expanding on areas of interest in the Chairman’s statement in a video on For more information visit: our website.
    [Show full text]
  • SECTOR CONSTITUENTS (As at 31 August 2006 2006)
    SECTOR CONSTITUENTS (As at 31 August 2006 2006) AEROSPACE & DEF ELEC & ELECTRCLS BAE SYSTEMS PLC HALMA COBHAM PLC INVENSYS PLC QINETIQ LAIRD GROUP PLC MEGGITT PLC MORGAN CRUCIBLE ROLLS-ROYCE GROUP PLC RENISHAW PLC SMITHS GROUP PLC SPECTRIS PLC ULTRA ELECTRONICS HLDGS PLC VT GROUP PLC INDUSTRIAL ENGINEERING BODYCOTE INTL BANKS CHARTER ALLIANCE & LEICESTER PLC ENODIS PLC BARCLAYS PLC FKI PLC BRADFORD & BINGLEY PLC IMI PLC HBOS PLC ROTORK PLC HSBC HOLDINGS PLC SPIRAX-SARCO ENG LLOYDS TSB GROUP PLC WEIR GROUP NORTHERN ROCK PLC ROYAL BANK OF SCOTLAND GROUP FOOD & DRUG RET STANDARD CHARTERED PLC ALLIANCE BOOTS GREGGS PLC BEVERAGES MORRISON SUPMKT BRITVIC SAINSBURY (J) PLC DIAGEO PLC TESCO PLC SABMILLER PLC SCOTTISH & NEWCASTLE PLC FOOD PRODUCERS ASSOC.BR.FOODS CHEMICALS CADBURY SCHWEPPE BOC GROUP PLC DAIRY CREST CRODA INTERNATIONAL PLC NORTHERN FOODS IMPERIAL CHEMICAL INDS PLC PREMIER FOODS JOHNSON MATTHEY PLC RHM VICTREX PLC TATE & LYLE UNILEVER CONSTRN & MATERIALS BALFOUR BEATTY HOUSEHOLD GOODS CARILLION AGA FOODSEV GRP HANSON BARRATT DEVLPMNT KIER GROUP BERKELEY GROUP MORGAN SINDALL BOVIS HOMES GRP MARSHALLS PLC BELLWAY CREST NICHOLSON ELECTRICITY HEADLAM GROUP BRITISH ENERGY GROUP PLC MCCARTHY & STONE DRAX PERSIMMON INTERNATIONAL POWER PLC RECKITT BENCKSR SCOTTISH & SOUTHERN ENERGY REDROW SCOTTISH POWER PLC TAYLOR WOODROW VIRIDIAN GROUP PLC WILSON BOWDEN WIMPEY (G) INFO TECH HRDWRE LEIS, ENT & HOTELS ARM HOLDINGS PLC 888 HOLDINGS CSR PLC ARRIVA PLC MARCONI CORP PLC AVIS EUROPE SPIRENT PLC BRITISH AIRWAYS CARNIVAL INSURANCE COMPASS GROUP ADMIRAL GROUP DE VERE GROUP AMLIN ENTERPRISE INNS BENFIELD GROUP EASYJET BRIT INSURANCE FIRST CHOICE HOL CATLIN GRP FIRSTGROUP PLC HISCOX GONDOLA HLDGS JARDINE LLOYD GREENE KING ROYAL & SUN ALL GO-AHEAD GROUP WELLINGTON UNDWG INTERCONT HOTEL WETHERSPOON J.D.
    [Show full text]
  • L'institution ROYALE POUR L'avancement DES SCIENCES / UNIVERSITÉ Mcgill ACTIONS AUTRES QUE NORD-AMÉRICAINES Au 31 Mars
    L’INSTITUTION ROYALE POUR L’AVANCEMENT DES SCIENCES / UNIVERSITÉ McGILL ACTIONS AUTRES QUE NORD‐AMÉRICAINES │ au 31 mars 2020 Actions autres que nord‐américaines d’une valeur supérieure à 500 000 $ cotées en bourse et détenues dans des comptes distincts (en $ CAN) NESTLE SA 3 580 975 ENEL SPA 847 386 NOVO NORDISK A/S 2 719 147 NESTE OYJ 840 367 ASML HOLDING NV 2 268 121 HEXAGON AB 836 143 AIA GROUP LTD 2 251 794 VONOVIA SE 827 981 LONZA GROUP AG 1 953 698 CARDTRONICS PLC 809 563 L'OREAL SA 1 911 800 ADYEN NV 806 345 ATLAS COPCO AB 1 827 705 AMADEUS IT GROUP SA 805 237 ROCHE HOLDING AG 1 817 026 SAFRAN SA 794 643 LVMH MOET HENNESSY LOUIS VUITT 1 814 091 HALMA PLC 777 541 KEYENCE CORP 1 745 042 SIEMENS AG 774 096 NOVARTIS AG 1 545 151 ROYAL DUTCH SHELL PLC 766 111 DIAGEO PLC 1 519 234 RELX PLC 753 832 CSL LTD 1 496 203 CAPGEMINI SE 743 425 AIRBUS SE 1 417 842 AMBARELLA INC 702 998 HOYA CORP 1 394 937 TELEPERFORMANCE 698 672 SMC CORP/JAPAN 1 327 036 MACQUARIE GROUP LTD 691 741 COLOPLAST A/S 1 300 868 STRAUMANN HOLDING AG 668 582 SANOFI 1 294 533 DANONE SA 665 070 SAP SE 1 284 079 MTU AERO ENGINES AG 657 484 TERUMO CORP 1 182 031 KDDI CORP 622 474 SIKA AG 1 178 619 SEGRO PLC 619 913 DASSAULT SYSTEMES SE 1 160 247 ALLIANZ SE 617 917 EXPERIAN PLC 1 102 756 OMRON CORP 616 106 KERING SA 1 087 370 KERRY GROUP PLC 608 561 NEWCREST MINING LTD 1 069 375 GENMAB A/S 600 597 SHISEIDO CO LTD 1 043 392 SPIRAX‐SARCO ENGINEERING PLC 597 017 TOYOTA MOTOR CORP 1 015 105 UNILEVER PLC 579 235 LONDON STOCK EXCHANGE GROUP P 1 005 640 GOODMAN GROUP 571 546 UNILEVER
    [Show full text]
  • Morning Meeting 7 August 2020
    Morning Meeting 7 August 2020 Index +/- % change Currencies +/- 12 month range FTSE 100 6026.9 -77.8 -1.3 £:$ 1.314 0.00 1.15 1.33 FTSE All-Share 3358.5 -40.4 -1.2 Y:$ 105.525 -0.04 102.55 112.09 DJ Industrial Average 27387.0 185.5 0.7 E:£ 1.110 0.00 1.07 1.20 S&P 500 3349.2 21.4 0.6 E:$ 1.184 0.00 1.07 1.19 NASDAQ Composite Index 11108.1 109.7 1.0 10 Yr Bond Yld % +/- -3 months -12 months Nikkei Japan 1000 Index 1854.6 -5.5 -0.3 UK 0.09 -0.03 0.24 0.62 Hang Seng Index 24930.6 -172.0 -0.7 US 0.54 -0.01 0.71 1.74 EURO STOXX 50 (EUR) 3240.4 -28.0 -0.9 Germany -0.55 -0.04 -0.51 -0.54 Switzerland SMI (PR) 10067.1 -30.8 -0.3 Price (p) +/- 12 month range France CAC 40 4885.1 -48.2 -1.0 Germany DAX (TR) 12591.7 -68.6 -0.5 Investec plc 148 -2.09999 128.8 498.0 Matrix Winners Price +/- % change Sector Winners % change Mkt Wt Pearson PLC 605.0 44.0 7.8 FTSE All-Share / Leisure Goods - SEC 2.0 0.2 Aviva plc 297.5 13.2 4.6 FTSE All-Share / Media - SEC 0.82 0.2 Ascential Plc 283.0 11.2 4.1 FTSE All-Share / Electronic & Electrical Equipment - SEC 0.56 0.8 Smart Metering Systems PLC 643.0 25.0 4.0 FTSE All-Share / Life Insurance - SEC 0.5 3.4 ITV PLC 63.3 2.4 3.9 FTSE All-Share / Food & Drug Retailers - SEC 0.3 2.1 Matrix Losers Price +/- % change Sector Losers % change Mkt Wt Cairn Energy PLC 131.0 -7.4 -5.3 FTSE All-Share / Industrial Metals & Mining - SEC -2.9 0.1 IMI plc 1027.0 -55 -5.1 FTSE All-Share / Oil & Gas Producers - SEC -2.6 7.9 Land Securities Group PLC 579.8 -30.2 -5.0 FTSE All-Share / Aerospace & Defense - SEC -2.4 1.6 Rio Tinto plc 4720.0 -238 -4.8 FTSE All-Share / Technology Hardware & Equipment - SEC -1.9 0.1 Ibstock Plc 160.1 -8 -4.8 FTSE All-Share / Household Goods & Home Construction - SEC -1.9 4.1 Stocks Hitting Relative High Stocks Hitting Relative Low Bunzl plc HSBC Holdings Plc BHP Group Plc Hurricane Energy Plc Dechra Pharmaceuticals PLC Imperial Brands PLC Dunelm Group plc - Flutter Entertainment Plc - Keywords Studios plc - Kingfisher Plc - LondonMetric Property Plc - Ocado Group PLC - Renishaw plc - St.
    [Show full text]
  • The Goldman Sachs International Small Cap Insights Fund Invests Primarily in a Broadly Diversified Portfolio of Equity Investments in Small Capitalization Non-U.S
    root\projects\imd\ny\fs\HOLDINGS\2014\3Q\Insights Funds - 10.31.14\Intl Small Cap Insights.xlsx Goldman 6/24/2021 3:05 PM The Goldman Sachs International Small Cap Insights Fund invests primarily in a broadly diversified portfolio of equity investments in small capitalization non-U.S. issuers. The Fund’s investments are subject to market risk, which means that the value of the securities in which it invests may go up or down in response to the prospects of individual companies, particular sectors or governments and/or general economic conditions. Foreign and emerging markets investments may be more volatile and less liquid than investments in U.S. securities and are subject to the risks of currency fluctuations and adverse economic or political developments. The securities of mid- and small- capitalization companies involve greater risks than those associated with larger, more established companies and may be subject to more abrupt or erratic price movements. The Investment Adviser’s use of quantitative models to execute the Fund’s investment strategy may fail to produce the intended result. Different investment styles (e.g., “quantitative”) tend to shift in and out of favor, and at times the Fund may underperform other funds that invest in similar asset classes. The Fund may have a high rate of portfolio turnover, which involves correspondingly greater expenses which must be borne by the Fund, and is also likely to result in short-term capital gains taxable to shareholders. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments.
    [Show full text]
  • Interim Report and Financial Statements (Unaudited)
    MONTANARO SMALLER COMPANIES PLC CONDENSED INTERIM REPORT AND FINANCIAL STATEMENTS (UNAUDITED) FOR THE SIX MONTH FINANCIAL PERIOD ENDED 30 JUNE 2020 An open-ended umbrella variable capital investment company with segregated liability between funds authorised by the Central Bank of Ireland under the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (as amended). Registered Number: 330162 MONTANARO SMALLER COMPANIES PLC TABLE OF CONTENTS PAGE Management and Other Information 1 Investment Manager’s Review 2 Statement of Financial Position 3 Statement of Comprehensive Income 7 Statement of Changes in Net Assets Attributable to Holders of Redeemable Participating Shares 11 Statement of Accounting Policies 15 Notes forming part of the Financial Statements 16 Schedule of Investments 33 Portfolio Changes 47 Total Expense Ratios 59 MONTANARO SMALLER COMPANIES PLC MANAGEMENT AND OTHER INFORMATION Directors Independent Auditor Gavin Caldwell (Irish)* (Chairman) Ernst & Young Charles Montanaro (British) (Resigned 30 April 2020) Chartered Accountants Cedric Durant des Aulnois (French) Ernst & Young Building Lisa Martensson (Swedish)* Harcourt Centre Matthew Francis (British) (Appointed 30 April 2020) Harcourt Street John Ensor (British)** (Appointed 30 April 2020) Dublin 2 Ireland Investment Manager Legal Advisor Montanaro Asset Management Limited As to UK & US Law 53 Threadneedle Street Vedder Price LLP London EC2R 8AR 4 Coleman Street United Kingdom London EC2R 5AR United Kingdom Depositary
    [Show full text]
  • APPROVED by Order of the Director of CJSC “Capital Com Bel” of 02 April 2020, No.7-OD V.G.Rzheutskaya
    1 APPROVED By order of the director of CJSC “Capital Com Bel” of 02 April 2020, No.7-OD V.G.Rzheutskaya RULES for Trading with Non-Deliverable OTC Financial Instruments in CJSC “Capital Com Bel” 1. TERMS AND DEFINITIONS 1.1. The Rules for Trading with Non-Deliverable OTC Financial Instruments in CJSC “Capital Com Bel” (hereinafter referred to as the Rules) have been developed in accordance with Edict of the President of the Republic of Belarus No.231 “On Carrying out Activities in the Over-the-counter Forex Market” dated June 4, 2015, Resolution of the Board of the National Bank of the Republic of Belarus No.69 “On Approval of the Instruction on Setting Requirements to Organizing Internal Control and Risk Management in Forex Companies, the National Forex Center” dated February 12, 2016, Resolution of the Board of the National Bank of the Republic of Belarus No.64 of “On Approval of the Instruction on the Requirements to Content of the Rules of Conducting Transactions in Non- Deliverable Over-the-counter Financial Instruments Approved by Forex Companies, Banks, Nonbank Financial Institutions, the National Forex Center” dated February 9, 2016, Resolution of the Council of Ministers of the Republic of Belarus and the National Bank of the Republic of Belarus No.123/5 “On Determining Underlying Assets in Transactions with Non-Deliverable OTC Financial Instruments” dated February 15, 2016, and other applicable legislative acts. 1.2. The Rules shall establish the procedure of trading with non-deliverable OTC financial instruments by CJSC “Capital Com Bel” (hereinafter referred to as the “Forex Company”).
    [Show full text]
  • J34, M4, Hensol
    LAND SOUTH OF JUNCTION 34, M4, HENSOL Planning Statement On Behalf of Renishaw plc February 2014 Land South of Junction 34, M4, Hensol, South Wales Planning Statement Project Ref: 20184/A5/P2 20184/A5/P2 20184/A5/P2 20184/A5/P2 20184/A5/P2f a b c e Status: DRAFT DRAFT DRAFT DRAFT FINAL Issue/Rev: 1 2 1 1 1 Date: 02/01/2014 12/01/2014 19/01/2014 7/2/2014 14/2/2014 Prepared by: CC JR JR JR JR Checked by: JR JR JR JR JR Barton Willmore LLP Regent House Prince’s Gate 4 Homer Road Solihull B91 3QQ Tel: 0121 711 5151 Ref: 20184/A5/P2f/JR/sw Fax: 0121 711 5152 Email: [email protected] Date: February 2014 COPYRIGHT The contents of this document must not be copied or reproduced in whole or in part without the written consent of Barton Willmore LLP. All Barton Willmore LLP stationery is produced using recycled or FSC paper and vegetable oil based inks. CONTENTS Page Executive Summary 1.0 Introduction 8 2.0 Context 11 3.0 Planning History 19 4.0 Application Proposals 22 5.0 Assessment of National Planning Policy 40 6.0 Local Planning Policy 49 7.0 Material Considerations – Justification for the Proposals 66 8.0 Alternatives 99 9.0 Draft Heads of Terms 101 10.0 Conclusions 111 APPENDICES 1. Application Site Boundary Plan 2. Parameters Plan 3. Illustrative Concept Layout Drawing 4. Landscape Strategy Drawing 5. River Ely SSSI designated site 6. Sites of Importance for Nature Conservation (SINCS) 7.
    [Show full text]
  • Annual Report and Accounts Annual Report
    Annual report and accounts 2015 Annual report and accounts 2015 Renishaw plc Annual report and accounts 2015 Aerial view of the New Mills site, showing the new 153,000 sq ft Renishaw Innovation Centre building (top left) which was officially opened in July 2015 by HRH The Princess Royal. CONTENTS Strategic report Governance Financial statements 1 Introduction 60 Introduction 91 Consolidated income statement 2 Chairman’s statement 62 Board of directors and company secretary 92 Consolidated statement of comprehensive 6 Our business model 64 Executive Board income and expense 7 Our strategy 65 International Sales and Marketing Board 93 Consolidated balance sheet 8 Our strategy in action 66 Directors’ corporate governance report 94 Consolidated statement of changes in equity 10 Our business sectors – Metrology 72 Nomination committee report 95 Consolidated statement of cash flow 18 Our business sectors – Healthcare 73 Audit committee report 96 Notes (forming part of the financial statements) 24 Our markets – Delivering solutions globally 76 Directors’ remuneration report 119 Company balance sheet 26 Performance – Overview 84 Other statutory and regulatory disclosures 120 Reconciliation of movements 28 Performance – Metrology 87 Directors’ responsibilities in shareholders’ funds 32 Manufacturing overview 88 Independent auditor’s report 121 Notes to the Company financial statements 34 Performance – Healthcare 38 Performance – Financial review 42 Key performance indicators Shareholder information 44 Principal risks and uncertainties 130 10 financial year record 46 Corporate social responsibility 131 Shareholder information 1 Renishaw plc Annual report and accounts 2015 Strategic report Strategic INTRODUCTION Renishaw is a world-leading metrology company. With our highly experienced team, we are confidently driving our future growth through innovative and patented products and processes, efficient high-quality manufacturing, and the ability to provide local support in a growing number of geographies and markets.
    [Show full text]