2010Annual Report - Schneider Electric CZ, s.r.o.

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5 CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 174 Note 11 Goodwill 11.1 - Main items of goodwill As a result of the organisational changes effective January 1, 2010, the allocation of goodwill to Cash-Generating Units (CGU) has been changed to refl ect the new operating segments defi ned in accordance with the newly issued IFRS 8. Square D goodwill was allocated to each CGU in proportion to operating income: Power Business Industry Business Square D Company 82% 18% The Group’s goodwill is presented below. Year of acquisition CGU (1) Dec. 31, 2010 Dec. 31, 2009 Net Net APC 2007 IT 2,263 2,070 Square D Company 1991 Power 1,026 951 Groupe Lexel 1999 Power 876 842 Areva Distribution 2010 - 727 - Telemecanique TAC/Andover/Abacus/Applied Control Technology/ 1988 Industry 463 463 Yamas/HGA 2003 to 2007 Buildings 456 419 Pelco 2007 Buildings 381 353 Clipsal 2004 to 2006 Power 350 282 MGE UPS 2000 to 2007 IT 345 334 IBS 2006 Buildings 320 299 Juno Lighting Inc. 2005 Power 297 275 Xantrex 2008 Power 214 198 Crouzet Automatismes 2000 CST 156 156 Power Measurement Inc. 2005 Power 143 133 Delixi 2007 Power 143 128 BEI Technologies 2005 CST 140 130 Scada Group 2010 Industry 134 - Positec 2000 Industry 107 105 Digital Electronics 2002 Industry 103 84 ABS 2005 Buildings 98 105 Merlin Gerin 1992 Power 87 87 Kavlico 2004 CST 81 76 OVA 2006 Power 80 80 Citect 2006 Industry 72 59 Federal Pioneer 1990 Power 61 55 Ritto 2007 Power 60 60 Elau 2004 and 2005 Industry 56 56 Crydom 2006 CST 51 48 RAM 2008 Industry 45 38 Wessen 2008 Power 43 41 Infra + 2000 to 2004 Power 43 43 PDL 2001 Power 37 32 Cimac 2010 Industry 35 - Zicom 2010 Buildings 31 - Marisio 2008 Power 31 26 2010 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC
CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Year of acquisition CGU (1) Dec. 31, 2010 Dec. 31, 2009 Net Net AEM 2006 Power 30 30 ECP 2008 Power 29 27 Mita Holding 1999 Power 29 28 IMS 2008 Industry 27 25 GET 2006 Power 27 27 Microsol 2009 IT 26 23 Conzerv 2009 Power 22 20 Meher 2009 Power 18 16 ITG 2010 Buildings 16 - Crockett 2009 Buildings 11 10 Dataletta 2009 Power 5 4 Grant 2007 Buildings 2 2 Others 416 371 TOTAL 10,213 8,611 (1) Cash Generating Unit to which goodwill has been allocated. CST: Customized Sensors & Technologies. 11.2 - Movements during the year The main movements during the year are summarised in the following table: 2010 2009 Net goodwill at opening 8,611 8,542 Acquisitions* 938 66 Disposals (1) (2) Impairment (15) (90) Translation adjustments 675 (26) Reclassifi cations 5 121 Net goodwill at year end 10,213 8,611 Cumulative impairment (172) (157) * On the basis of the exchange rate on the acquisition date. Acquisitions There is a 12 month period after the date of acquisition for the Group to fi nalise the allocation of goodwill to these entities. The corresponding goodwill is therefore provisional. Goodwill generated by acquisitions made during the year totaled EUR938 million and correspond principally to Areva Distribution (EUR727 million), the Australian group Scada (EUR110 million) and the United Arab Emirates group Cimac (EUR33 million). Impairment Impairment recorded over the year totals EUR15 million and concerns two small businesses in Europe that are currently being sold. Impairment tests performed on all the Group’s CGUs have not led to impairment losses being recognised. Other changes Translation adjustments concern principally goodwill on US dollars. 2010 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 175 5
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2010 Annual Report Schneider Electr
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Registration Document Annual Report
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A signifi cant improvement in profi
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Interview with 2010 marks the retur
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Supervisory Board (as of February 1
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Sales by geographical area 18% Rest
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2010 in brief Growth and acquisitio
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On October 1, 2010 IBM and Schneide
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1 Description of the Group, and its
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1. 3 The emergence of new economies
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DESCRIPTION OF THE GROUP, AND ITS S
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Utilities and Infrastructures: ensu
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2. 3 Leadership in our five sectors
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The Buildings business Number 4 wor
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Panel builders and systems integrat
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3. Innovation and R&D: DESCRIPTION
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3. 4 Partnerships to accelerate pro
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DESCRIPTION OF THE GROUP, AND ITS S
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Rationalisation and optimisation of
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4. 4 Global, selective purchasing P
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The Group’s human resources strat
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on our increased costs to customers
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Insurance Schneider Electric’s st
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2 Sustainable development 1. Sustai
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2 SUSTAINABLE DEVELOPMENT SUSTAINAB
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2 SUSTAINABLE DEVELOPMENT 50 > Zoom
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2 SUSTAINABLE DEVELOPMENT SUSTAINAB
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2 SUSTAINABLE DEVELOPMENT RESPECT F
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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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3 CORPORATE GOVERNANCE SUPERVISORY
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3 CORPORATE GOVERNANCE ORGANISATION
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3 CORPORATE GOVERNANCE ORGANISATION
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3 CORPORATE GOVERNANCE MANAGEMENT I
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Page 142 and 143: 4 BUSINESS REVIEW TRENDS IN SCHNEID
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Page 152 and 153: 5 CONSOLIDATED FINANCIAL STATEMENTS
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6 COMPANY FINANCIAL STATEMENTS BALA
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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 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 ANNUAL AND EXTRAORDINARY SHAREHOL
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ANNUAL AND EXTRAORDINARY SHAREHOLDE
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288 PERSONS RESPONSIBLE FOR THE REG
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Schneider Electric SA Headquarters:
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2010Annual Report - Schneider Electric CZ, s.r.o.

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