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

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5 CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 180 Note 14 Investments in associates Investments in associates can be analysed as follows: % interest at Dec. 31 Share net assets at Dec. 31 Share in net profi t at Dec. 31 2010 2009 2010 2009 2010 2009 Delta Dore Finance 20.0% 20.0% 13 12 1 1 Electroshield – TM Samara 50.0% N/A 266 - - - Sunten Electric Equipment 50.0% N/A 85 - (1) - Fuji Electric FA Components & Systems 36.8% 36.8% 76 58 5 (22) Other N/A N/A 7 5 1 - TOTAL - - 447 75 6 (21) Sunten Electric Equipment is a joint venture set up by Areva Distribution. Note 15 Financial assets 15.1 - Available-for-sale financial assets Available-for-sale fi nancial assets, primarily comprising investments, are detailed below: Dec. 31, 2010 Dec. 31, 2009 % Gross value Revaluation/ impairment Fair value Fair value I – Listed available-for-sale fi nancial assets AXA 0.5% 111 21 132 175 Gold Peak Industries Holding Ltd 4.4% 6 (3) 3 4 Total listed AFS II – Unlisted available-for-sale fi nancial assets 117 18 135 179 Unifl air, Vizelia, D5X, H’Dev (1) 100.0% 184 - 184 - FCPR SEV1 100.0% 34 24 58 49 FCPR SESS 70.6% 10 - 10 - Simak (2) 99.4% 6 (1) 5 5 Easy Plug SAS (3) N/A - - - - SE Venture 100.0% 7 (7) - - Other (4) 25 (7) 18 12 Total unlisted AFS 266 9 275 66 TOTAL AVAILABLE-FOR-SALE FINANCIAL ASSETS 383 27 410 245 (1) Companies purchased in 2010, consolidated in 2011. (2) Removed from the scope of consolidation – in liquidation. (3) Liquidated in 2010. (4) Gross unit value of less than EUR5 million. 2010 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC
The fair value of investments quoted in an active market corresponds to the price on the balance sheet date. The revaluation of listed investments over the year has had a negative impact on other equity reserves of EUR33 million. 15.2 - Other non-current financial assets The Clipsal acquisition contract stipulates retaining part of the acquisition price as a liability guarantee. This amount of EUR9 million Note 16 Deferred taxes by type Deferred taxes by type can be analysed as follows: CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS appears on the balance sheet under “Other long-term debt”. This amount has been placed in an escrow account by the Group and appears under “Other non-current fi nancial assets”. 15.3 - Current financial assets Current fi nancial assets total EUR38 million at December 31, 2010 and comprise short-term investments. Dec. 31, 2010 Dec. 31, 2009 Deferred tax assets Tax credits and tax loss carryforwards 387 387 Provisions for pensions and other post-retirement benefi t obligations 423 448 Impairment of receivables and inventory 183 123 Non-deductible provisions for contingencies and accruals 134 189 Other 392 269 Deferred tax assets set off against deferred tax liabilities (496) (406) DEFERRED TAX ASSETS Deferred tax liabilities 1,023 1010 Differences between tax and accounting depreciation (107) (89) Trademarks and other intangible assets (897) (861) Capitalised development costs (R&D) (56) (46) Other (393) (337) Deferred tax assets set off against deferred tax liabilities 496 406 TOTAL DEFERRED TAX LIABILITIES (957) (927) Deferred tax assets recorded in respect of tax loss carryforwards at December 31, 2010 essentially concern France (EUR207 million) and Belgium (EUR144 million). 2010 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 181 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 132 and 133: 3 CORPORATE GOVERNANCE INTERNAL CON
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Page 142 and 143: 4 BUSINESS REVIEW TRENDS IN SCHNEID
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Page 150 and 151: 4 BUSINESS REVIEW 148 2010 REGISTRA
Page 152 and 153: 5 CONSOLIDATED FINANCIAL STATEMENTS
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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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