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

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5 CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 198 Note 24 Total (current and non-current) financial liabilities Non-current fi nancial liabilities break down as follows: Dec. 31, 2010 Dec. 31, 2009 Bonds 4,348 4,508 Bank and other borrowings 1,379 1,386 Lease liabilities 15 16 Employees profi t sharing 10 7 Short-term portion of convertible and non-convertible bonds (503) (900) Short-term portion of long-term debt (239) (104) NON-CURRENT FINANCIAL LIABILITIES 5,010 4,913 Current fi nancial liabilities break down as follows: Dec. 31, 2010 Dec. 31, 2009 Commercial paper - 46 Accrued interest 110 116 Other short-term borrowings 170 158 Drawdown of funds from lines of credit - - Bank overdrafts 93 87 Short-term portion of convertible and non-convertible bonds 503 900 Short-term portion of long-term debt 239 104 SHORT-TERM DEBT 1,115 1,411 TOTAL CURRENT AND NON-CURRENT FINANCIAL LIABILITIES 6,125 6,324 24.1 - Breakdown by maturity Dec. 31, 2010 Dec. 31, 2009 Nominal Interests Swaps Nominal 2010 1,411 2011 1,115 246 45 734 2012 104 237 35 60 2013 1,085 210 19 1,316 2014 767 134 3 748 2015 980 85 3 971 2016 and beyond 2,074 164 - 1,084 TOTAL 6,125 1,076 105 6,324 2010 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC
24.2 - Breakdown by currency CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Dec. 31, 2010 Dec. 31, 2009 Euro 5,182 5,450 US dollar 521 500 Indian rupee 22 73 Japanese yen 153 141 Brazilian real 75 43 Russian rouble 34 20 Colombian peso 23 - Other 115 97 TOTAL 6,125 6,324 24.3 - Bonds Dec. 31, 2010 Dec. 31, 2009 Effective interest rate Maturity Schneider Electric SA 2010 900 3.125% fi xed August 2010 Schneider Electric SA 2011 500 500 Euribor +0.200% variable July 2011 Schneider Electric SA 2013 608 866 CMS 10+1.000% variable and 6.750% fi xed July 2013 Schneider Electric SA 2014 498 498 4.500% fi xed January 2014 Schneider Electric SA 2015 748 748 5.375% fi xed January 2015 Schneider Electric SA 2016 519 22 Euribor +0.600% variable and 2.875% fi xed July 2016 Schneider Electric SA 2017 981 974 4.000% fi xed August 2017 Schneider Electric SA 2020 494 - 3.625% fi xed July 2020 TOTAL 4,348 4,508 Schneider Electric SA has made several bond issues as part of its Euro Medium Term Notes (EMTN) programme over the past few years. Issues that were not yet due as of December 31, 2010 were as follows: • EUR300 and EUR200 million worth of bonds issued successively in July and October 2010, at a rate of 2.875%, due on July 20, 2016; • EUR500 million worth of bonds issued in July 2010, at a rate of 3.625%, due on July 20, 2020; • EUR150 million worth of bonds issued in May 2009 to top up the EUR600 million twelve-year tranche, due January 8, 2015, at a rate of 5.375% issued on October 2007, raising the total issue to EUR750 million; • EUR250 million worth of bonds issued in March 2009 to top up the EUR780 million twelve-year tranche, at a rate of 4%, issued in August 2005, raising the total issue to EUR1.03 billion; • EUR750 million worth of bonds issued in January 2009 at a rate of 6.75%, due on July, 16 2013; in July 2010, this borrowing was partially repayed with EUR263 million; • EUR100 million worth of bonds issued in July 2008 indexed to the 10-year Constant Maturity Swap (CMS) rate, due July 31, 2013; • EUR26 million corresponding to the discounted present value of future interest payments on a EUR177 million 8 year bond issue (July 25, 2008 to July 25, 2016) indexed to the 3 month Euribor. The nominal value of the bonds is not recognised in debt because the bond holder has waived its right to repayment of the principal in exchange for the transfer, on a no-recourse basis, of the future cash fl ows corresponding to the requested refund of a tax receivable; • EUR180 million worth of bonds issued in April 2008 to top up the EUR600 million twelve-year tranche, at a rate of 4%, issued in August 2005, raising the total issue to EUR780 million; • EUR600 million worth of bonds issued in October 2007, at a rate of 5.375%, due on January 8, 2015; • EUR1 billion worth of bonds issued in July 2006, comprising a EUR500 million 5-year variable rate tranche indexed to the 3 month Euribor and a EUR500 million 7 1/2-year tranche at 4.5%. • EUR600 million worth of bonds issued in August 2005, at a rate of 4%, due on August 2017. 2010 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 199 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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3 CORPORATE GOVERNANCE INTERNAL CON
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3 CORPORATE GOVERNANCE APPLICATION
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4 BUSINESS REVIEW TRENDS IN SCHNEID
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4 BUSINESS REVIEW REVIEW OF THE CON
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4 BUSINESS REVIEW REVIEW OF THE CON
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4 BUSINESS REVIEW REVIEW OF THE PAR
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Page 152 and 153: 5 CONSOLIDATED FINANCIAL STATEMENTS
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GENERAL PRESENTATION OF SCHNEIDER E
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GENERAL PRESENTATION OF SCHNEIDER E
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7 GENERAL PRESENTATION OF SCHNEIDER
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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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