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5 CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL Note 26 Financial instruments The Group uses fi nancial instruments to manage its exposure to fl uctuations in interest rates, exchange rates and metal prices. Exposure to these risks is described in the chapter on risk factors in the Registration Document. 26.1 – Carrying amount and nominal amount of derivative financial instruments 200 2011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC Dec 31, 2010 Dec 31, 2011 Dec 31, 2011 Change over the period Nominal amount IFRS Carrying Statement of Carrying designation amount income amount (1) Equity (2) Other (3) Sale Purchase Foreign exchange Futures - cash fl ow hedges CFH* (95) 27 16 (7) (59) 194 (1,404) Futures - net investment hedges NIH* 9 - (59) - (50) 1,633 Futures - hedges of balance sheet Trading/ items Metal prices FVH* (24) (60) - - (84) 2,632 (1,637) Futures and options Share-based payment CFH* 14 - (26) - (12) (171) Call options CFH* 53 (2) (17) - 34 (136) (4) Interest rates Swaps on credit lines CFH*/FVH* (24) (3) 13 - (14) (1,131) DERIVATIVES FINANCIAL INSTRUMENTS (67) (38) (73) (7) (185) * Cash fl ow hedge/Fair value hedge/Net investment hedge. (1) Gains and losses on hedging instruments for the period are offset by changes in the fair value of the underlying, which are also recognised in net result. (2) Reported in equity under Retained earnings or Translation adjustment. (3) Telvent’s acquisition impact. (4) 3,300,894 <strong>Schneider</strong> <strong>Electric</strong> stocks are hedged in relation to Stock Appreciation Rights granted to US employees. The carrying amount refl ects the fair value of fi nancial instruments.
26.2 – Currency risk Positions of futures hedges of balance sheet items and net investment by currency CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL Dec. 31, 2011 Sales Purchases Net AED 115 (12) 103 AUD 219 (49) 170 CHF 18 (10) 8 DKK 6 (68) (62) GBP 181 (84) 97 HKD 263 - 263 HUF 30 (50) (20) JPY - (42) (42) RUB 46 - 46 SAR 36 (3) 33 SEK 4 (131) (127) SGD 970 (133) 837 USD 2,307 (1,014) 1,293 ZAR 22 - 22 Others 48 (41) 7 TOTAL 4,265 (1,637) 2,628 Theses forward currency hedging positions include EUR1,977 million in hedges of loans and borrowings of a fi nancial nature (net sales) and EUR651 million in hedges of operating cash fl ows (net sales). Other cash-fl ow hedge contracts are mainly related to the following currencies: USD, DKK, BRL, JPY and CAD. 26.3 – Impact of financial instruments Impact on fi nancial Impact on Equity income and Translation Dec. 31, 2011 expense Fair value adjustment Other Available-for-sale fi nancial assets 6 (60) 9 - Loans and accounts receivable 30 - 78 - Financial liabilities measured at amortized cost (331) - (158) - Derivative instruments (38) (73) (2) - TOTAL (333) (133) (73) - Impact on fi nancial Impact on Equity income and Translation Dec. 31, 2010 expense Fair value adjustment Other Available-for-sale fi nancial assets 12 (32) 6 - Loans and accounts receivable 24 - 372 - Financial liabilities measured at amortized cost (306) - (561) - Derivative instruments (64) 31 2 - TOTAL (334) (1) (181) - 2011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 201 5
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Registration Document 2011 Financia
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Registration Document Financial and
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distinctions that are both an achie
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Interview with Schneider Electric r
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Supervisory Board (as of February 2
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Sales by geography 18% Rest of the
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2011 in brief Growth and acquisitio
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and IT managers will now be able to
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1 Description of the Group, and its
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1.3 The emergence of sustainable ci
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DESCRIPTION OF THE GROUP, AND ITS S
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2. Leader in an industry of the fut
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Specifiers: in search of efficient
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3.2 A platforms strategy The growin
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Diversified partnerships In additio
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4. Organisational simplicity DESCRI
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These procedures include quarterly
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The Group may be exposed to the ris
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Legal risks The Group’s products
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• in North America, a captive ins
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2 Sustainable development 1. Sustai
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Open dialogue with stakeholders Cus
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2 SUSTAINABLE DEVELOPMENT SUSTAINAB
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2 SUSTAINABLE DEVELOPMENT SUSTAINAB
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2 SUSTAINABLE DEVELOPMENT GREEN AND
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2 SUSTAINABLE DEVELOPMENT SCHNEIDER
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2 SUSTAINABLE DEVELOPMENT COMMITTED
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SUSTAINABLE DEVELOPMENT 2 INDICATOR
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2 SUSTAINABLE DEVELOPMENT 106 REGIS
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3 SUPERVISORY CORPORATE GOVERNANCE
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3 CORPORATE GOVERNANCE SUPERVISORY
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3 CORPORATE GOVERNANCE ORGANISATION
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3 CORPORATE GOVERNANCE MANAGEMENT B
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3 CORPORATE GOVERNANCE MANAGEMENT I
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3 CORPORATE GOVERNANCE REGULATED AG
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3 CORPORATE GOVERNANCE INTERNAL CON
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142 2011 REGISTRATION DOCUMENT SCHN
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4 TRENDS BUSINESS REVIEW IN SCHNEID
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4 BUSINESS REVIEW REVIEW OF THE CON
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4 BUSINESS REVIEW REVIEW OF THE CON
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7 GENERAL PRESENTATION OF SCHNEIDER
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8 MANAGEMENT ANNUAL AND EXTRAORDINA
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8 ANNUAL AND EXTRAORDINARY SHAREHOL
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ANNUAL AND EXTRAORDINARY SHAREHOLDE
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274 PERSONS RESPONSIBLE FOR THE REG
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Schneider Electric SA Headquarters:
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Connect - Schneider Electric

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