Connect - Schneider Electric

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4 BUSINESS REVIEW REVIEW OF THE PARENT COMPANY FINANCIAL STATEMENTS > 3. Review of the parent company > 4. Review of subsidiaries financial statements Schneider Electric SA posted total portfolio revenues of EUR1,436 million in 2011 compared with EUR691 million the previous year. Schneider Electric Industries SAS, the main subsidiary, paid dividends of EUR1,300 million in 2011 compared with EUR672 million in 2010. Interest expense net of interest income amounted to EUR80 million versus EUR177 million the year before. Non-recurring income amounted to EUR1,336 million versus EUR497 million in 2010. On December 30, 2011, Schneider Electric SA invoiced Schneider Electric Industries SAS a fi nancial compensation for the use of the trademark Schneider Electric for EUR1.2 billion. Net profi t stood at EUR2,604 million compared with EUR703 million in 2010. Schneider Electric Industries SAS Revenue totaled EUR3.6 billion versus EUR3.4 billion in 2010. The subsidiary posted an operating loss of EUR88 million compared with an operating profi t of EUR22 million in 2010. Net profi t came to EUR992 million compared with EUR1,502 million in 2010. 150 2011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC Equity before appropriation of net profi t amounted to EUR11,701 million at December 31, 2011 versus EUR9,738 million at the previous year-end, after taking into account 2011 profi t, dividend payments of EUR856 million and share issues in an amount of EUR215 million. All trade payables are due before end-January. Schneider Electric SA proceed to several bond issuances during the year for a total nominal amount of EUR1.7 billion euros and repaid the 2006 bond of EUR500 million at the maturity date (July 18, 2011). Cofibel Cofi bel posted a net profi t of EUR2 million, compared with EUR154 million in 2010 (out of which EUR152 million of capital gain on sale of Schneider Electric SA shares). Cofimines Remuneration and benefits of corporate officers Cofi mines posted a net profi t of EUR16 million, compared with EUR34 million in 2010 (out of which EUR29 million of capital gain on sale of Schneider Electric SA shares). The remuneration and other benefi ts paid to corporate offi cers are disclosed in Chapter 3, “Corporate Governance”, paragraph 8, “Management interests and compensation” (page 124 and following). > 5. Outlook For 2012, the uncertainty surrounding the global economy limits visibility. While the Group sees continued strength in new economies and opportunities from a recovering North America, Western Europe is expected to weigh on growth. In this context and assuming no major change in economic conditions, the Group expects fl at to slightly positive organic growth for sales and an adjusted EBITA margin between 14% and 15%.
5 Consolidated financial statements 1. Consolidated statement of income 152 2. Consolidated statement of cash flows 154 3. Consolidated balance sheet 156 4. Consolidated statement of changes in equity 158 5. Notes to the consolidated financial statements 159 6. Statutory Auditors’ report on the consolidated financial statements 217 2011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 151
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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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2 SUSTAINABLE DEVELOPMENT METHODOLO
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SUSTAINABLE DEVELOPMENT 2 INDICATOR
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Page 146 and 147: 4 TRENDS BUSINESS REVIEW IN SCHNEID
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5 CONSOLIDATED FINANCIAL STATEMENTS
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6 BALANCE 220 COMPANY FINANCIAL STA
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6 COMPANY FINANCIAL STATEMENTS STAT
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6 COMPANY FINANCIAL STATEMENTS NOTE
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6 COMPANY FINANCIAL STATEMENTS STAT
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6 COMPANY FINANCIAL STATEMENTS SUBS
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6 COMPANY FINANCIAL STATEMENTS THE
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7 GENERAL GENERAL PRESENTATION OF S
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7 GENERAL PRESENTATION OF SCHNEIDER
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GENERAL PRESENTATION OF SCHNEIDER E
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GENERAL PRESENTATION OF SCHNEIDER E
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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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