APC 2003 Annual Report Download - page 88

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Consolidated and Parent Company Financial Statements
86
Note 14. Cash and Cash Equivalents
(
€
millions)
Dec. 31, 2003 Dec. 31, 2002
Mutual funds and equivalent 2,405.3 2,675.5
Other 65.8 73.9
Short-term investments at cost 2,471.1 2,749.4
Schneider Electric shares (intended to stabilize
the share price) 39.9 38.5
Schneider Electric shares (intended to cover stock option
exercises), net 50.7 46.5
Schneider Electric shares, net 90.6 85.0
Money market instruments and short-term deposits 13.7 19.2
Cash 512.1 360.4
Total cash and cash equivalents 3,087.5 3,214.0
Short-term bank loans and overdrafts (93.3) (58.6)
Schneider Electric shares, net (90.6) (85.0)
Other (1.2) -
Net cash and cash equivalents 2,902.4 3,070.4
Note 15. Shareholders’ Equity
15.1 - Capital
Capital stock and voting rights
The Company’s capital stock at December 31, 2003 amounted to € 1,854,737,360, represented by 231,842,170
shares with a par value of € 8.00, all fully paid up.
A total of 242,463,662 voting rights were attached to the 229,247,275 shares outstanding as of the Annual
Shareholders’ Meeting of May 16, 2003 (information published in the "BALO" legal gazette dated May 28, 2003).
Changes in capital stock
The following table shows changes in Schneider Electric SA’s capital stock and additional paid-in capital since
December 31, 2002, through the exercise of stock options, the cancellation of shares decided by the Board of
Directors on March 5, 2003 and the share issue carried under the worldwide employee stock purchase plan:
Number of shares Total shares New capital
issued or cancelled outstanding
(in euros)
Capital at December 31, 2001 240,260,029 1,922,080,232
Conversion of Square D bonds 179,511
Exercise of stock options 373,365
Capital at December 31, 2002 240,812,905 1,926,503,240
Cancellation of shares (12,000,000)
Worldwide employee stock purchase plan 1,071,085
Exercise of stock options 1,958,180
Capital at December 31, 2003 231,842,170 1,854,737,360