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

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6 COMPANY FINANCIAL STATEMENTS STATUTORY AUDITORS’ REPORT ON THE FINANCIAL STATEMENTS 238 > 4. Statutory Auditors’ report on the financial statements This is a free translation into English of the Statutory Auditors’ report on the F inancial S tatements issued in French and it is provided solely for the convenience of English speaking users. The Statutory Auditors’ report includes information specifi cally required by French law in such reports, whether modifi ed or not. This information is presented below the audit opinion on the fi nancial statements and includes an explanatory paragraph discussing the auditors’ assessments of certain signifi cant accounting and auditing matters. These assessments were considered for the purpose of issuing an audit opinion on the fi nancial statements taken as a whole and not to provide separate assurance on individual account balances, transactions, or disclosures. This report also includes information relating to the specifi c verifi cation of information given in the management report and in the documents addressed to shareholders. This report should be read in conjunction with, and construed in accordance with, French law and professional auditing standards applicable in France. To the Shareholders, In compliance with the assignment entrusted to us by your Annual Shareholders’ Meeting, we hereby report to you, for the year ended December 31, 2010 on: • the audit of the accompanying fi nancial statements of Schneider Electric SA; I – Opinion on the financial statements We conducted our audit in accordance with professional standards applicable in France; those standards require that we plan and perform the audit to obtain reasonable assurance about whether the fi nancial statements are free of material misstatement. An audit involves performing procedures, using sampling techniques or other methods of selection, to obtain audit evidence about the amounts and disclosures in the fi nancial statements. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made, as well as the overall II – Justification of assessments In accordance with the requirements of article L. 823-9 of the French Commercial Code (Code de commerce) relating to the justifi cation of our assessments, we bring to your attention the following matters: As part of our assessment of the accounting principles and methods used by your company, we verified the appropriateness of the principles and methods used to value shares in subsidiaries and affi liates, described in the section on accounting principles and in 2010 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC • the justifi cation of our assessments; • the specifi c verifi cations and information required by law. These fi nancial statements have been approved by the Management Board. Our role is to express an opinion on these fi nancial statements based on our audit. presentation of the fi nancial statements. We believe that the audit evidence we have obtained is suffi cient and appropriate to provide a basis for our audit opinion. In our opinion, the fi nancial statements give a true and fair view of the assets and liabilities and of the fi nancial position of the Company as at December 31, 2010 and of the results of its operations for the year then ended in accordance with French generally accepted accounting principles. note 2 to the fi nancial statements, and obtained assurance that they were correctly applied. Our assessments were made in the context of the performance of our audit of the fi nancial statements, taken as a whole, and therefore contributed to the opinion we formed which is expressed in the fi rst part of this report.
III – Specific verifications and information We have also performed the specifi c verifi cations required by law, in accordance with professional standards applied in France. We have no matters to report regarding the fair presentation and conformity with the fi nancial statements of the information given in the Management Board’s report and in the documents addressed to the shareholders with respect to the fi nancial position and the fi nancial statements. Regarding the information provided in accordance with the requirements of article L. 225-102-1 of French Commercial Code relating to the compensation and benefi ts paid to the Corporate offi cers concerned and the engagement granted to them, we verifi ed the conformity with the fi nancial statements, or with the data used for the preparation of the fi nancial statements; and, when applicable, with the information collected by the Company from the companies > 5. List of securities held at December 31, 2010 COMPANY FINANCIAL STATEMENTS LIST OF SECURITIES HELD AT DECEMBER 31, 2010 which control your Company or are controlled by your Company. On the basis of the audit we performed, we attest that this information is true and fair. In accordance with French Law, we have ensured that the required information concerning the purchase of investments and controlling interests and the names of the principal shareholders has been properly disclosed in the Management Board’s report. Neuilly-sur-Seine and Courbevoie, February 16, 2011, The statutory Auditors French original signed by Ernst & Young et Autres Mazars Yvon SALAÜN David CHAUDAT Number amount (in thousands of euros) Company Carrying of securities A. Major investments (Carrying amounts over EUR15 thousand) 56,019,611 Schneider Electric Industries SAS 4,344,481 10,612,667 AXA 111,172 44,271 SELF 2,683 1,300 Vigéo SAS 53 997,077 Schneider Electric SA own shares 48,778 4,507,167 B. Other investments (Carrying amounts under EUR15 thousand) 1,038 C. Investments in real estate companies - D. Investments in foreign companies 242,005 TOTAL Marketable securities 4,750,210 3,585,399 Schneider Electric SA own shares (stock option plans 26, 27, 28, 29 and 30) 217,284 TOTAL 217,284 2010 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 239 6
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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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4 BUSINESS REVIEW 148 2010 REGISTRA
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5 CONSOLIDATED FINANCIAL STATEMENTS
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Page 190 and 191: 5 CONSOLIDATED FINANCIAL STATEMENTS
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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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