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

Note 26 Financial instruments
CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
The Group uses fi nancial instruments to manage its exposure to fl uctuations in interest rates, exchange rates and metal prices. Exposure to
these risks is described in the chapter on risk factors in the Registration Document.
26.1 - Carrying amount and nominal amount of derivative financial instruments
Dec. 31, 2009 Dec. 31, 2010 Dec. 31, 2010
Change over the period
Nominal amount
IFRS Carrying Statement of
Carrying
designation amount income amount
(1) Equity (2) Other Sale Purchase
Foreign exchange
Futures - cash fl ow hedges CFH* (6) (82) (7) - (95) - (1,158)
Futures - net investment hedges
Futures - hedges of balance
NIH* (1) - 10 - 9 627 -
sheet items
Metal prices
Trading/FVH* (27) 2 (1) 2 (24) 1,849 (1,583)
Futures and options
Share-based payment
CFH* 9 - 5 - 14 - (51)
Call options CFH* - 13 12 28 53 - (79) (3)
Interest rates
Swaps on credit lines CFH*/FVH* (41) 3 14 - (24) - (1,399)
DERIVATIVES FINANCIAL
INSTRUMENTS (66) (64) 33 30 (67)
* Cash fl ow hedge/ Fair value hedge/ Net investment hedge.
(1) Gains and losses on hedging instruments for the period are offset by changes in the fair value of the underlying items, which are also
recognised in net result.
(2) Reported in equity under “Other Comprehensive Income”.
(3) 1,121,990 Schneider Electric stocks are hedged in relation to Stock Appreciation Rights granted to US employees.
The market value of fi nancial instruments, which their carrying amount refl ects, is estimated either internally by discounting future differential
cash fl ows at current market interest rates or by third party banks.
2010 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 201
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