APC 2004 Annual Report Download - page 3

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1
Interview with the Chairman 2
Key Figures 4
Board of Directors, Committees 6
General Management 7
Business Presentation
1 - Background 9
2 - A focus on electricity, with products
and services for four core markets 10
3 - Our customers are our partners 12
4 - International scope 13
General Presentation of Schneider Electric SA
1 - General information 15
2 - Capital 15
3 - Ownership structure 18
4 - Employee profit-sharing and stock
purchase plans 19
5 - Stock buybacks 21
6 - Stock market data 22
7 - Investor relations 24
Corporate Governance
1 - Board of Directors (at December 31, 2004) 25
2 - Organizational and operating procedures
of the Board of Directors 28
3 - Board meetings in 2004 29
4 - Committees of the Board of Directors
(members, operating procedures and meetings) 30
5 - Internal control 32
6 - Interests and compensation of corporate
officers and executives 37
7 - Agreements involving Directors 38
8 - Auditors 39
9 - Shareholders' rights and obligations 39
Business Review
1 - 2004 highlights 41
2 - Operating performance 42
3 - Financial policy 45
4 - Sustainable development 51
5 - Outlook for 2005 59
Consolidated financial statements
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 - Note to the consolidated accounts 65
6 - Reconciliation between the French GAAP
and IFRS accounts 107
7 - Auditors' Report on the Reconciliation
between the French GAAP and IFRS Accounts 116
8 - Auditors' Report on the Consolidated
Financial Statements 117
Company financial statements
1 - Balance Sheet at December 31, 2004 118
2 - Statement of Income year ended
December 31, 2004 120
3 - Notes to the Financial Statements
of Schneider Electric SA 122
4 - Auditors' Report
on the Financial Statements 128
5 - List of Securities at December 31, 2004 129
6 - Subsidiaries and Affiliates 130
7 - Five-year Financial Summary 132
Annual and Extraordinary
Shareholders' Meeting of May 12, 2005
1 - Report of the Board of Directors
to the Annual and Extraordinary Shareholders'
Meeting 133
2 - Auditors' Special Reports 137
3 - Resolutions 140
4 - Auditors' Report on the Report
of the Chairman of the Board of Directors 144
Contents