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

6 COMPANY FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS
228
Note 1 Non-current assets
1.1 - Intangible assets
This item primarily consists of share issue and merger expenses, which are fully amortised.
1.2 - Tangible assets
Tangible assets Dec. 31, 2009 Additions Disposals Dec. 31, 2010
Cost 4,481 - (1) 4,480
Depreciation (290) - - (290)
NET 4,191 - (1) 4,190
Note 2 Investments
2.1 - Shares in subsidiaries and affiliates
Shares in subsidiaries and affi liates Dec. 31, 2009 Additions Disposals Dec. 31, 2010
Cost 4,608,100 4 - 4,608,104
Provisions (17,897) - - (17,897)
NET 4,590,203 4 - 4,590,207
The main changes over the fi nancial year stemmed from participation in capital increases at Cofi bel and Cofi mines.
The main investments at December 31, 2010 were as follows:
Shares in subsidiaries and affi liates Carrying value
Schneider Electric Industries SAS 4,344,481
Cofi bel 136,943
Cofi mines 82,614
Digital Holdings Co Ltd 21,249
Other (less than EUR20 million) 4,920
TOTAL 4,590,207
2.2 - Other investment securities
Other investment securities Dec. 31, 2009 Increases Decreases Dec. 31, 2010
Schneider Electric SA shares 48,778 - - 48,778
Other 111,303 - - 111,303
Provisions for other shares (77) - - (77)
NET 160,004 - - 160,004
Other investment securities primarily include Schneider Electric
SA shares acquired for allocation on the exercise of certain stock
options. Schneider Electric SA has not reclassifi ed own shares
allocated to this line item as of December 31, 2004. However, since
then, all purchases made for allocation to stock option plans have
been classifi ed as marketable securities.
2010 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC
At both December 31, 2010 and December 31, 2009, 997,077
own shares were recognised under “Other investment securities”,
representing a gross value of EUR49 million.
“Other” shares primarily consist of EUR111 million of AXA shares.
The other investments included in this item have been fully written
down.