APC 2002 Annual Report Download - page 2

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Annual report 2002
Contents
Chairman’s Message 1
Key Figures 2
Board of Directors, Management 4
Business Presentation 7
1- Background (industrial background, ownership background, current business) 7
2- Operations 8
3- Strengths 8
4- Strategy 8
5- Products, equipment and services 10
6- Markets 11
7- Product distribution and customer base 13
8- Production 14
General Presentation of Schneider Electric SA 15
1- General information 15
2- Capital 15
3- Ownership structure 18
4- Employee profit-sharing and stock purchase plans 18
5- Stock buybacks 21
6- Stock market data 22
7- Investor relations 24
Corporate Governance 25
1- Board of Directors 25
2- Organizational and operating procedures of the Board of Directors 28
3- Board meetings in 2002 29
4- Committees of the Board of Directors (members, operating procedures and meetings) 29
5- Interests and compensation of corporate officers and executives 31
6- Agreements involving Directors 33
7- Auditors 33
8- Shareholders’ rights and obligations 34
Business Review 36
1- Economic environment 36
2- Highlights of the year 36
3- Research and Development 40
4- Quantitative and Qualitative Disclosures about Market Risk 40
5- Claims, litigation and other risks 45
6- Insurance 46
7- Sustainable Development 47
8- Outlook for 2003 54
9- Consolidated financial statements 55
10- Company financial statements 59
11- Subsidiaries 59
Consolidated and Parent Company Financial Statements 60
1- Consolidated statement of income 60
2- Consolidated statement of cash flows 61
3- Consolidated balance sheet 62
4- Consolidated statement of changes in shareholders’ equity 64
5- Notes to the consolidated financial statements 65
6- Auditors’ report on the consolidated financial statements 107
7- Financial statements of Schneider Electric SA 108
8- Auditors’ report on the financial statements 121
9- Subsidiaries and affiliates 122
10- List of Securities at December 31, 2002 124
11- Five-year financial summary 125
Combined Annual and Extraordinary Shareholders’ Meeting of May 16, 2003 126
1- Report of the Board of Directors to the Annual General Meeting 126
2- Auditors' special reports 129
3- Resolutions 132
4- Person responsible for the reference document
and persons responsible for the audit of the accounts 139
5- Cross references to COB regulations 140