APC 2004 Annual Report Download - page 81

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79
Note 7 - Other Financial Assets
7.1 - Investments in companies
At December 31, 2004 2003
(in millions of euros)
% Cost Reserves Net Market Net
interest Value (4)
I – Listed investments
Finaxa 2.99% 76.7 - 76.7 120.1 65.8
Gold Peak Industries Holding Ltd 10.06% 10.6 0.5 10.1 10.1 10.6
Other listed investments - 8.9 3.4 5.5 5.5 14.2
Total listed investments 96.2 3.9 92.3 135.7 90.6
II – Unlisted companies
Clipsal Australia Holdings Pty Ltd (1) -----184.5
Clipsal Asia Holdings Limited (1) -----48.6
SE Relays LLC 100.0% 26.5 - 26.5 26.5 -
Eb@se France (2) 100.0% 20.7 20.7 - - -
Abacus Engineered Systems 100.0% 16.8 - 16.8 16.8
Comipar 4.15% 16.4 16.4 - - -
SIAP (5) -----8.1
Paramer (5) 98.96% 7.3 1.8 5.5 5.5 5.5
SE Venture 100.0% 6.6 6.6 - - -
Simak (5) 98.50% 5.5 1.0 4.5 4.5 4.5
Senside (1) -----4.5
Other (3) 25.9 17.2 8.7 8.7 23.3
Total unlisted investments 125.7 63.7 62.0 62.0 279.0
Total investments 221.9 67.6 154.3 197.7 369.6
(1) Included in the scope of consolidation as of January 1, 2004.
(2) Removed from the scope of consolidation as of January 1, 2004.
(3) Valued at less than
5 million each.
(4) Mathematical average of share price over last month of the year.
(5) Companies with no operations.
On November 24, 2004, Schneider Electric paid $ 25
million to acquire Abacus Engineered Systems, a US-
based provider of energy efficiency and engineering
solutions for buildings with sales of nearly $ 30 million
in 2003. Abacus will be consolidated as of January 1,
2005.
On December 30, 2004, Schneider Electric acquired
the Magnecraft product range form MSD Inc., a US
manufacturer of industrial relays, for $ 26.5 million.
The Magnecraft business generated sales of $ 14 mil-
lion in 2004. SE Relays LLC will be consolidated as of
January 1, 2005.
Consolidated financial statements