RE: AI Update on RNS24 Oct 2025 15:11
Yes. Under IAS 1, material items of income and expenses must be disclosed separately, so a breakdown of the £1.4m is required.
Materiality: The £1.4m expense is material because it is significant relative to the total expenses of £2.2m.
Separate disclosure: IAS 1 requires that material items of income and expenses be disclosed separately, either in the income statement or in the notes to the financial statements.
Nature of expense: The company will need to provide further information on the nature of these expenses, depending on how the expenses are classified.
Helicks I don't support AI either