Connect - Schneider Electric

More documents

Recommendations

Info

6 COMPANY FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS 228 Note 7 Shareholders’ equity and retained earnings (in millions of euros) Share capital 2011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC Additional paid-in capital Reserves and retained earnings Net income for the year Untaxed provisions Total December 31, 2009 before allocation of net income for the year 2,102 5,831 521 476 1 8,931 Change in share capital 39 265 304 Allocation of 2009 net income 12 (12) 0 2009 dividend 35 296 (66) (464) (199) Other changes during the period (1) (1) 2010 net income December 31, 2010 before 703 703 allocation of net income for the year 2,175 6,393 467 703 - 9,738 Change in share capital 20 195 215 Allocation of 2010 net income 7 (7) 0 2010 dividend (160) (696) (856) Other changes during the period - 2011 net income 2,604 2,604 DECEMBER 31, 2011 BEFORE ALLOCATION OF NET INCOME FOR THE YEAR 2,195 6,588 314 2,604 - 11,701 7.1 – Capital Share capital The Company’s share capital at December 31, 2011 amounted to EUR2,195,772,096, consisting of 548,943,024 shares with a par value of EUR4, all fully paid up. Changes in share capital During the fi nancial year, 3,855,632 shares were issued as part of the worldwide Employee Stock Purchase Plan amounting to the EUR15 million in share capital while 1,169,210 new shares were issued on the exercise of stock options, increasing the share capital by EUR5 million. Own shares The total number of own shares held at the reporting date stood at 9,164,952, representing a net amount of EUR248 million. 7.2 – Additional paid-in capital Additional paid-in capital rose by EUR195 million over the fi nancial year, including EUR162 million from the worldwide Employee Stock Purchase Plan and EUR33 million from the exercise of stock options. 7.3 – Retained earnings Pursuant to the third resolution of the Annual and Extraordinary Shareholders’ Meeting of April 21, 2011, EUR7 million of the EUR703 million in 2010 distributable earnings was allocated to the legal reserve. EUR856 million was paid out in dividends (including EUR160 million deducted from retained earnings).
Note 8 Provisions for contingencies and pension accruals COMPANY FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS Dec. 31, 2010 Increases Decreases Dec. 31, 2011 Provisions for contingencies Disputes 15 - - 15 Other 30 - - 30 Provisions for pension accruals 45 - - 45 Pension accruals 31,704 2,000 (1,983) 31,721 8.1 – Contingencies Management is confi dent that overall the balance sheet provisions for disputes of which it is currently aware and in which the Company is involved should be suffi cient to ensure that these disputes do not have a material impact on its fi nancial position or income. This is particularly true of the provisions set aside to cover the potential consequences of a pending dispute in Belgium involving former senior executives and managers of the Company. Note 9 Bonds 31,749 2,000 (1,983) 31,766 8.2 – Pension accruals The Company has various obligations towards its current and retired senior executives and managers. Following an actuarial valuation carried out in 2011, the provision for these obligations was estimated to EUR32 million. The Company applied the corridor method to the actuarial gains and losses arising from this valuation (see “accounting principles”). At December 31, 2011, cumulative actuarial gains and losses totalled EUR7 million. From 2012, a total of EUR2.5 million, exceeding 10% of the obligation, is being amortised over 10 years. Share capital Dec. 31, 2011 Dec. 31, 2010 Interest rate Maturity Schneider Electric SA 2017 600,000 600,000 4.00% Fixed Aug. 11, 2017 Schneider Electric SA 2011 - 500,000 Euribor +0.20% Floating July 18, 2011 Schneider Electric SA 2014 500,000 500,000 4.50% Fixed Jan. 17, 2014 Schneider Electric SA 2015 600,000 600,000 5.375% Fixed Jan. 08, 2015 Schneider Electric SA 2017 125,000 125,000 4.00% Fixed Aug. 11, 2017 Schneider Electric SA 2017 55,000 55,000 4.00% Fixed Aug. 11, 2017 Schneider Electric SA 2016 177,565 177,565 Euribor +0.60% Floating July 25, 2016 Schneider Electric SA 2013 100,000 100,000 CMS +1% Floating July 31, 2013 Schneider Electric SA 2013 487,000 487,000 6.75% Fixed July 16, 2013 Schneider Electric SA 2015 150,000 150,000 5.375% Fixed Jan. 08, 2015 Schneider Electric SA 2017 250,000 250,000 4.00% Fixed Aug. 11, 2017 Schneider Electric SA 2016 300,000 300,000 2.875% Fixed July 20, 2016 Schneider Electric SA 2016 200,000 200,000 2.875% Fixed July 20, 2016 Schneider Electric SA 2020 500,000 500,000 3.625% Fixed July 20, 2020 Schneider Electric SA 2014 231,857 Libor + 0.49% Floating July 1, 2014 Schneider Electric SA 2018 750,000 3.75% Fixed July 12, 2018 Schneider Electric SA 2019 500,000 3.50% Fixed Jan. 22, 2019 Schneider Electric SA 2016 124,750 0.849% F ixed Nov. 18, 2016 Schneider Electric SA 2016 99,800 0.84625% Fixed Dec. 8, 2016 Fixed: fi xed rate. Floating: fl oating rate. 5.750,973 4,544,565 2011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 229 6
Page 1 and 2:
Registration Document 2011 Financia
Page 3 and 4:
Registration Document Financial and
Page 5 and 6:
distinctions that are both an achie
Page 7 and 8:
Interview with Schneider Electric r
Page 9 and 10:
Supervisory Board (as of February 2
Page 11 and 12:
Sales by geography 18% Rest of the
Page 13 and 14:
2011 in brief Growth and acquisitio
Page 15 and 16:
and IT managers will now be able to
Page 17 and 18:
1 Description of the Group, and its
Page 19 and 20:
1.3 The emergence of sustainable ci
Page 21 and 22:
DESCRIPTION OF THE GROUP, AND ITS S
Page 23 and 24:
2. Leader in an industry of the fut
Page 25 and 26:
Page 27 and 28:
Specifiers: in search of efficient
Page 29 and 30:
3.2 A platforms strategy The growin
Page 31 and 32:
Diversified partnerships In additio
Page 33 and 34:
4. Organisational simplicity DESCRI
Page 35 and 36:
Page 37 and 38:
These procedures include quarterly
Page 39 and 40:
The Group may be exposed to the ris
Page 41 and 42:
Legal risks The Group’s products
Page 43 and 44:
• in North America, a captive ins
Page 45 and 46:
2 Sustainable development 1. Sustai
Page 47:
Open dialogue with stakeholders Cus
Page 50 and 51:
2 SUSTAINABLE DEVELOPMENT SUSTAINAB
Page 52 and 53:
2 SUSTAINABLE DEVELOPMENT SUSTAINAB
Page 54 and 55:
2 SUSTAINABLE DEVELOPMENT GREEN AND
Page 56 and 57:
Page 58 and 59:
Page 60 and 61:
Page 62 and 63:
2 SUSTAINABLE DEVELOPMENT SCHNEIDER
Page 64 and 65:
Page 66 and 67:
Page 68 and 69:
Page 70 and 71:
Page 72 and 73:
2 SUSTAINABLE DEVELOPMENT COMMITTED
Page 74 and 75:
Page 76 and 77:
Page 78 and 79:
Page 80 and 81:
Page 82 and 83:
Page 84 and 85:
Page 86 and 87:
Page 88 and 89:
Page 90 and 91:
Page 92 and 93:
2 SUSTAINABLE DEVELOPMENT METHODOLO
Page 94 and 95:
Page 96 and 97:
Page 98 and 99:
Page 100 and 101:
SUSTAINABLE DEVELOPMENT 2 INDICATOR
Page 102 and 103:
Page 104 and 105:
Page 106 and 107:
Page 108 and 109:
2 SUSTAINABLE DEVELOPMENT 106 REGIS
Page 110 and 111:
3 SUPERVISORY CORPORATE GOVERNANCE
Page 112 and 113:
3 CORPORATE GOVERNANCE SUPERVISORY
Page 114 and 115:
Page 116 and 117:
Page 118 and 119:
3 CORPORATE GOVERNANCE ORGANISATION
Page 120 and 121:
Page 122 and 123:
Page 124 and 125:
3 CORPORATE GOVERNANCE MANAGEMENT B
Page 126 and 127:
3 CORPORATE GOVERNANCE MANAGEMENT I
Page 128 and 129:
Page 130 and 131:
Page 132 and 133:
Page 134 and 135:
3 CORPORATE GOVERNANCE REGULATED AG
Page 136 and 137:
3 CORPORATE GOVERNANCE INTERNAL CON
Page 138 and 139:
Page 140 and 141:
Page 142 and 143:
Page 144 and 145:
142 2011 REGISTRATION DOCUMENT SCHN
Page 146 and 147:
4 TRENDS BUSINESS REVIEW IN SCHNEID
Page 148 and 149:
4 BUSINESS REVIEW REVIEW OF THE CON
Page 150 and 151:
4 BUSINESS REVIEW REVIEW OF THE CON
Page 152 and 153:
4 BUSINESS REVIEW REVIEW OF THE PAR
Page 154 and 155:
5 CONSOLIDATED CONSOLIDATED FINANCI
Page 156 and 157:
5 CONSOLIDATED FINANCIAL STATEMENTS
Page 158 and 159:
Page 160 and 161:
Page 162 and 163:
Page 164 and 165:
Page 166 and 167:
Page 168 and 169:
Page 170 and 171:
Page 172 and 173:
Page 174 and 175:
Page 176 and 177:
Page 178 and 179:
Page 180 and 181: 5 CONSOLIDATED FINANCIAL STATEMENTS
Page 222 and 223: 6 BALANCE 220 COMPANY FINANCIAL STA
Page 224 and 225: 6 COMPANY FINANCIAL STATEMENTS STAT
Page 226 and 227: 6 COMPANY FINANCIAL STATEMENTS NOTE
Page 236 and 237: 6 COMPANY FINANCIAL STATEMENTS STAT
Page 238 and 239: 6 COMPANY FINANCIAL STATEMENTS SUBS
Page 240 and 241: 6 COMPANY FINANCIAL STATEMENTS THE
Page 242 and 243: 7 GENERAL GENERAL PRESENTATION OF S
Page 244 and 245: 7 GENERAL PRESENTATION OF SCHNEIDER
Page 246 and 247: GENERAL PRESENTATION OF SCHNEIDER E
Page 248 and 249: GENERAL PRESENTATION OF SCHNEIDER E
Page 262 and 263: 8 MANAGEMENT ANNUAL AND EXTRAORDINA
Page 264 and 265: 8 ANNUAL AND EXTRAORDINARY SHAREHOL
Page 270 and 271: ANNUAL AND EXTRAORDINARY SHAREHOLDE
Page 276: 274 PERSONS RESPONSIBLE FOR THE REG
Page 280:
Schneider Electric SA Headquarters:
show all

Connect - Schneider Electric

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?