APC 2004 Annual Report Download - page 73

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71
Lexel Group companies
As part of the process of integrating the Lexel sub-
sidiaries into the Schneider Electric organization, the
related goodwill, in a net amount of 860.2 million at
January 1, 2004, has been allocated among these
units, the most significant of which are presented in
the table above. The remaining goodwill, totaling
247.4 million at December 31, 2003, was allocated
to around 25 other Lexel Group companies in
amounts of less than 40 million per company.
Note 3 - Goodwill
3.1 - Main goodwill
(in millions of euros)
Dec. 31, 2004 Dec. 31, 2003
Amortization Year of Cost Amorti- Net Net
period acquisition zation
Square D Company 40 years 1991 1,469.1 498.8 970.3 1,089.7
LK AS 40 years 1999 249.8 37.5 212.3 218.4
AB Wibe 40 years 1999 118.1 17.7 100.4 102.6
Elko AS 40 years 1999 103.1 15.5 87.6 88.3
LE OY Prod 40 years 1999 81.8 12.3 69.5 71.6
Elda SE 40 years 1999 59.6 8.9 50.7 45.3
Thorsman & Co 40 years 1999 54.3 8.2 46.1 47.2
Eljo AB 40 years 1999 45.4 6.8 38.6 39.4
Other Lexel companies 40 years 1999 296.6 57.5 239.1 247.4
Lexel Group 40 years 1999 1,008.7 164.4 844.3 860.2
Telemecanique 40 years 1988 802.0 359.5 442.5 462.6
MGE UPS 20 years 2000 to 2004 381.4 34.3 347.1 7.7
TAC 20 years 2003 304.1 22.6 281.5 396.0
Andover Controls 15 years 2004 241.1 8.0 233.1 0.0
Clipsal 20 years 2004 198.3 9.9 188.4 0.0
Crouzet Automatismes 20 years 2000 205.2 53.7 151.5 162.4
Kavlico 10 years 2004 106.9 5.3 101.6 0.0
Positec 20 years 2000 168.7 69.4 99.3 106.0
Merlin Gerin 30 years 1992 160.7 78.8 81.9 87.2
Digital Electronics 10 years 2002 92.9 19.3 73.6 85.6
Federal Pioneer 40 years 1990 79.8 31.5 48.3 50.7
Infra + 10 years 2000 to 2004 50.1 10.8 39.3 14.2
Mita Holding 20 years 1999 51.3 13.2 38.1 40.9
PDL 20 years 2001 38.5 6.8 31.7 33.3
JV VAS 5 years 2001 0.0 0.0 0.0 8.3
Other subsidiaries (1) 5-20 years 374.9 269.7 105.2 108.0
Total 5,733.7 1,656.0 4,077.7 3,512.8
(1) Approximately 60 companies
Consolidated financial statements