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

26.7 - Fair value hierarchy
The split of fi nancial instruments by fair value level is as follows:
CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Dec. 31, 2010
Level 1 Level 2 Level 3 Total
Available-for-sale fi nancial assets 135 - 275 410
Net derivative instruments - (67) - (67)
Marketable securities 1,825 - - 1,825
NET ASSETS AT FAIR VALUE 1,960 (67) 275 2,168
Dec. 31, 2009
Level 1 Level 2 Level 3 Total
Available-for-sale fi nancial assets 179 - 66 245
Net derivative instruments - (66) - (66)
Marketable securities 2,681 - - 2,681
NET ASSETS AT FAIR VALUE 2,860 (66) 66 2,860
Note 27 Employees
27.1 - Employees
The average number of permanent and temporary employees was as follows in 2009 and 2008:
(number of employees) 2010 2009
Production 61,911 55,125
Administration 61,571 60,940
TOTAL AVERAGE NUMBER OF EMPLOYEES
By region:
123,482 116,065
EMEAS* 60,937 57,360
North America 26,324 26,510
Asia-Pacifi c 36,221 32,195
* Europe, Middle-East, Africa, South America.
The change in the average number of employees is primarily linked to the acquisition of the Areva Distribution businesses.
27.2 - Employee benefits expense
2010 2009
Payroll costs (1) (4,649) (4,330)
Profi t-sharing and incentive bonuses (65) (46)
Stock options (31) (22)
WESOP (3) (3)
EMPLOYEE BENEFITS EXPENSE (4,748) (4,401)
(1) Of which EUR63 million relating to pensions and post-retirement obligations and EUR25 million relating to employee benefi t obligations
(note 22).
2010 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 205
5