APC 2003 Annual Report Download - page 3

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Chairman’s Message 2
Key figures 4
Corporate Governance 6
Business Presentation 9
1. Background 9
2. Operations 10
3. Strengths 10
4. Strategy 11
5. Products, equipment and services 12
6. Markets 14
7. Product distribution and customer base 15
8. Production 16
9. Human resources 17
General Presentation of Schneider Electric SA 19
1. General information 19
2. Capital 19
3. Ownership structure 21
4. Employee profit-sharing and stock purchase plans 22
5. Stock buybacks 24
6. Stock market data 25
7. Investor relations 27
Corporate Governance 29
1. Board of Directors (at February 19, 2004) 29
2. Organizational and operating procedures of the Board of Directors 31
3. Board meetings in 2003 32
4. Committees of the Board of Directors (members, operating procedures
and meetings) 33
5. Internal Control 35
6. Interests and compensation of corporate officers and executives 39
7. Agreements involving Directors 40
8. Auditors 41
9. Shareholders’ rights and obligations 41
Business Review 43
1. Economic environment 43
2. 2003 highlights 44
3. Research and development 45
4. Quantitative and Qualitative Disclosures about Market Risk 46
5. Claims, litigation and other risks 47
6. Insurance 48
7. Sustainable development 49
8. Outlook for 2004 56
9. Consolidated Financial Statements 57
10. Company Financial Statements 60
11. Subsidiaries 61
Consolidated and Parent Company Financial Statements 62
1. Consolidated Statement of Income 62
2. Consolidated Statement of Cash Flows 63
3. Consolidated Balance Sheet 64
4. Consolidated Statement of Changes in Shareholders' Equity 66
5. Notes to the consolidated financial statements 67
6. Auditors' Report on the Consolidated Financial Statements 111
7. Financial statements of Schneider Electric SA 112
8. Auditors' Report on the Financial Statements 123
9. Subsidiaries and Affiliates 124
10. List of Securities at December 31, 2003 126
11. Five-year Financial Summary 127
Combined Annual and Extraordinary Shareholders’ Meeting of May 6, 2004 129
1. Report of the Board of Directors to the Annual and Extraordinary
Shareholders’ Meeting 129
2. Auditors' Special Reports 133
3. Resolutions 136
4. Auditors' Report on the Report of the Chairman of the Board of Directors 141
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