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6 COMPANY FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS 230 <strong>Schneider</strong> <strong>Electric</strong> SA has made a series of bond issues as part of its Euro Medium Term Notes (“EMTN”) program over the past few years. The issues that had not matured as of December 31, 2011 were as follows: • JPY12 and JPY10 billion for a total amount of EUR225 million worth of respectively 0.849% and 0.84625% bonds issued in November and December 2011 and maturing on November 18, 2016 and December 8, 2016; • EUR500 million worth of 3.50% bonds issued in September 2011 and maturing on January 22, 2019; • EUR750 million worth of 3.75% bonds issued in July 2011 and maturing on July 12, 2018; • USD300 million for a total amount of EUR232 million worth of bonds issued in July 2011 at a fl oating rate and maturing on July 1, 2014; • EUR300 and EUR200 million worth of 2.875% bonds successively issued in July and October 2010 and maturing on July 20, 2016; • EUR500 million worth of 3.625% bonds issued in July 2010 and maturing on July 20, 2020; • EUR150 million worth of bonds issued in May 2009 to top up the EUR600 million tranche at 5.375% maturing on January 8, 2015 and issued in October 2007, thereby raising the total issue to EUR750 million; • EUR250 million worth of bonds issued in March 2009 to top up the EUR780 million 12 year tranche at 4% issued in August 2005, thereby raising the total issue to EUR1.03 billion; Note 10 Other borrowings Other borrowings at December 31, 2011 included accrued interest on bonds and other debt issued by the Company. Following the issue of EUR1.7 billion worth of bonds in 2011, accrued interest amounted to EUR131 million, compared to EUR113 million at end of 2010. Note 11 Interest-bearing liabilities 2011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC • EUR750 million worth of 6.75% bonds issued in January 2009 and maturing on July 16, 2013. In July 2010, this bond was partly redeemed to the amount of EUR263 million, reducing the bond to EUR487 million; • EUR100 million worth of bonds issued in July 2008 at a fl oating rate indexed to the 10 y ear CMS (Constant Maturity Swap) and maturing on July 31, 2013; • EUR177 million worth of fl oating-rate bonds issued in July 2008 and maturing on July 25, 2016; • EUR180 million worth of bonds issued in April 2008 to top up the EUR600 million 12 year tranche at 4% issued in August 2005, thereby raising the total tranche to EUR780 million; • EUR600 million worth of 5.375% bonds issued in October 2007 and maturing on January 8, 2015; • EUR1 billion worth of bonds issued in July 2006, comprising a EUR500 million fi ve-year fl oating rate tranche and a EUR500 million 7 1/2-year 4.5% tranche; • EUR600 million worth of 4% bonds issued in August 2005 and maturing in August 2017; These bonds are traded on the Luxembourg stock market. The issue premiums and issue costs are amortised in line with the effective interest method. Lastly, the Group redeemed EUR500 million worth of July 2006 bonds at maturity date on July 18, 2011. Finally, this line item includes a EUR397 million “Schuldschein” loan granted by international banks in fi rst-half 2008, comprising four tranches: a EUR129 million sevan-year fl oating-rate tranche, a EUR55 million seven-year fi xed-rate tranche, a EUR195 million fi ve- year fl oating-rate tranche and a EUR18 million fi ve-year fi xed- rate tranche. Interest-bearing liabilities Dec. 31, 2010 Increase Decrease Dec. 31, 2011 Commercial paper - 3,101,000 (2,911,000) 190,000 Overdrafts 1 61 - 62 Other 2 - - 2 NET 3 3,101,061 (2,911,000) 190,064 At December 31, 2011, Interest-bearing liabilities are mainly composed of a EUR190 million of commercial paper to be redeemed in January 2012.
Note 12 Maturities of receivables and payables COMPANY FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS Total Due within 1 year Due in 1 to 5 years Due beyond 5 years Non-current assets Advances to subsidiaries and affi liates Other investment Current assets 3,606,707 50,236 3,556,471 Accounts receivable - trade 101 101 Other receivables 180,085 112,385 67,700 Marketable securities 217,284 154,777 62,507 Prepaid expenses Debt 1,621 764 857 Bonds 5,750,973 2,068,857 3,682,116 Bank loans 397,000 397,000 Other borrowings 130,889 130,889 Amounts payable to subsidiaries and affi liates 13 13 Interest-bearing liabilities 190,064 190,061 3 Accounts payable - trade 276 276 Accrued taxes and payroll costs 394,073 394,073 Other 9,834 9,834 Deferred income 141 141 Note 13 Related-party transactions (minimum 10% interest) Gross Net Shares in subsidiaries and affi liates 4,604,529 4,586,633 Advances to subsidiaries and affi liates 3,606,579 3,606,518 Accounts receivable 969 742 Cash and cash equivalents 9,845,777 9,845,777 Interest-bearing liabilities - - Accounts payable Revenues: - - • dividends 1,428,936 • interests 93,832 2011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 231 6
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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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2 SUSTAINABLE DEVELOPMENT SUSTAINAB
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2 SUSTAINABLE DEVELOPMENT 106 REGIS
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3 SUPERVISORY CORPORATE GOVERNANCE
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3 CORPORATE GOVERNANCE ORGANISATION
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3 CORPORATE GOVERNANCE REGULATED AG
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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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5 CONSOLIDATED CONSOLIDATED FINANCI
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Page 280: Schneider Electric SA Headquarters:
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