APC 2004 Annual Report Download - page 72

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70
2.2 - Impact of the main acquisitions
on the 2004 financial statements
The acquisitions of TAC and Clipsal in 2003 and of
MGE UPS Systems, Kavlico and Andover Controls in
2004 had the following impact:
1 / Pro forma 2004 figures excluding TAC for 8 months, Clipsal for 12 months,
MGE UPS Systems for 12 months, Kavlico for 6 months and Andover Controls for 6 months
(in millions of euros)
Dec. 31, 2004 Dec. 31, 2004 Dec. 31, 2003
Reported Excl. Reported
acquisitions
Sales 10,365.3 9,196.6 8,780.3
Operating income 1,310.7 1,155.5 1,007.4
Operating margin 12.6% 12.6% 11.5%
Net income before amortization of goodwill 781.7 698.0 623.5
Amortization of goodwill (217.1) (157.0) (190.7)
Net income attributable to Schneider Electric 564.6 541.0 432.8
2 / Pro forma 2004 balance sheet data excluding Clipsal (non-consolidated
investment at December 31, 2003), MGE UPS Systems, Kavlico and Andover Controls
(in millions of euros)
Dec. 31, 2004 Dec. 31, 2004 Dec. 31, 2003
Reported Excl. Reported
acquisitions
Goodwill - net 4,077.7 3,202.6 3,512.8
Property, plant & equipment and intangible assets - net 2,305.3 1,708.9 1,709.8
Other non-current assets 769.8 766.4 1,331.1
Current assets 5,892.5 7,116.9 7,367.1
Total Assets 13,045.3 12,794.8 13,920.8
Shareholders’equity (excluding minority interests) 7,575.1 7,638.2 7,658.7
Minority interests 69.0 65.7 74.9
Long-term debt 1,294.1 1,281.3 1,475.8
Other long-term liabilities 104.4 104.4 0.0
Provisions for contingencies and charges 869.6 838.7 829.2
Current liabilities 3,133.1 2,866.5 3,882.2
Total liabilities and shareholders' equity 13,045.3 12,794.8 13,920.8