2010Annual Report - Schneider Electric CZ, s.r.o.
2010Annual Report - Schneider Electric CZ, s.r.o.
2010Annual Report - Schneider Electric CZ, s.r.o.
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1<br />
2<br />
3<br />
4<br />
Message from Jean-Pascal Tricoire 2<br />
Message from Henri Lachmann 4<br />
Interview with Emmanuel Babeau 5<br />
Leadership team 6<br />
Key figures 2010 8<br />
2010 in brief 11<br />
Description of the Group,<br />
and its strategy, markets<br />
and businesses 15<br />
1. Global specialist in energy management 16<br />
2. Leader in an industry of the future 20<br />
3. Innovation and R&D: serving growth 29<br />
4. Organisational simplicity and efficiency 34<br />
5. Risk factors 37<br />
Sustainable development 45<br />
1. Sustainable development at the heart<br />
of our strategy 46<br />
2. Sustainable governance 48<br />
3. Respect for the environment and for ethics,<br />
motors of economic performance 54<br />
4. <strong>Schneider</strong> <strong>Electric</strong>’s Commitment<br />
to Environmental Performance 62<br />
5. Committed to and on behalf of employees 72<br />
6. <strong>Schneider</strong> <strong>Electric</strong>, a responsible corporate citizen 80<br />
7. Methodology and audit of indicators 88<br />
8. Indicators 97<br />
Corporate governance 105<br />
1. Supervisory Board** 106<br />
2. Organisational and operating procedures<br />
of the Supervisory Board** 113<br />
3. Supervisory Board meetings** 115<br />
4. Supervisory Board Committees<br />
(members, operating procedures and meetings)** 116<br />
5. Management Board members 119<br />
6. Organisational and operating procedures<br />
of the Management Board 120<br />
7. Declarations concerning the situation<br />
of the members of the Supervisory Board<br />
and Management Board 120<br />
8. Management interests and compensation 121<br />
9. Regulated Agreements 129<br />
10. Internal control and risk management** 130<br />
11. Application of the AFEP-MEDEF<br />
corporate governance guidelines** 138<br />
Business review 139<br />
1. Trends in <strong>Schneider</strong> <strong>Electric</strong>’s core markets 140<br />
2. Review of the consolidated financial statements 142<br />
3. Review of the parent company financial statements 146<br />
4. Review of subsidiaries 147<br />
5. Outlook 147<br />
5<br />
6<br />
7<br />
8<br />
Consolidated<br />
financial statements 149<br />
1. Consolidated statement of income 150<br />
2. Consolidated statement of cash flows 152<br />
3. Consolidated balance sheet 154<br />
4. Consolidated statement of changes in equity 156<br />
5. Notes to the consolidated financial statements 157<br />
6. Statutory Auditors’ report on the consolidated<br />
financial statements 222<br />
Company financial statements 223<br />
1. Balance sheet 224<br />
2. Statement of income 226<br />
3. Notes to the financial statements 227<br />
4. Statutory Auditors’ report<br />
on the financial statements 238<br />
5. List of securities held at December 31, 2010 239<br />
6. Subsidiaries and affiliates 240<br />
7. The Company’s financial results<br />
over the last five years 242<br />
General presentation<br />
of <strong>Schneider</strong> <strong>Electric</strong> SA 243<br />
1. General information 244<br />
2. Shareholders’ rights and obligations 245<br />
3. Capital 247<br />
4. Ownership structure 251<br />
5. Employee profit-sharing, stock ownership 252<br />
6. Stock option and stock grant plans<br />
with performance criteria 252<br />
7. Disclosure of information required in accordance<br />
with article L. 225-100-3 of the French<br />
Commercial Code** 257<br />
8. Stock market data 258<br />
9. Investor relations 260<br />
Annual and Extraordinary<br />
Shareholders’ Meeting 261<br />
1. Management Board’s report to the Annual<br />
and Extraordinary Shareholders’ Meeting 262<br />
2. Supervisory Board’s comments<br />
on the Management Board’s report,<br />
made in accordance with article L. 225-68<br />
of the French Commercial Code 269<br />
3. Auditors’ special reports 270<br />
4. Resolutions 276<br />
Persons responsible for the Registration Document<br />
and audit of the accounts 287