APC 2003 Annual Report Download - page 85
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83
Note 12. Other Accounts Receivable and Prepaid Expenses
(
€
millions)
At December 31, 2003 2002
Cost Reserves Net Net
Other receivables 498.7 (38.6) 460.1 635.4
Carryback credit (note 13.4) 97.0 97.0 -
Prepaid expenses and deferred charges 87.7 (18.1) 69.6 61.0
Others 0.3 0.3 0.8
Total 683.7 (56.7) 627.0 697.2
Note 13. Income Tax
Wherever possible, Group entities file consolidated tax returns. Schneider Electric files a consolidated tax return
with its French subsidiaries held directly or indirectly through Schneider Electric Industries SAS.
13.1 - Analysis of tax expense for the year
(
€
millions)
2003 2002
Current taxes
France (25.5) (27.0)
International (245.9) (162.2)
Total (271.4) (189.2)
Deferred taxes
France 96.2 444.4
International 47.9 39.8
Total 144.1 484.2
Total tax (expense) benefit (127.3) 295.0