APC 2004 Annual Report Download - page 82

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80
7.2 - Other investments
(in millions of euros)
At December 31, 2004 2003
Cost Reserves Net Net
Vendor loan to buyer of Legrand shares (1) 167.9 - 167.9 158.8
Receivable on divestment
of VA Tech Schneider HV GmbH (2) 17.5 - 17.5 -
Loan to Clipsal Australia - - - 259.2
MGE Finances convertible bonds - - - 71.6
Restricted cash 35.6 - 35.6 32.2
Advances to non-consolidated companies
and other long-term loans 19.6 (0.9) 18.7 30.5
Other 54.7 (6.3) 48.4 33.1
Other investments 295.3 (7.2) 288.1 585.4
(1)
150 million vendor loan granted in 2002, paying interest at 5.5%. The interest is capitalized and the proceeds from any sales
of shares held by the investor will be used to repay the loan, which has been granted for a maximum period of 13 years.
(2) Received in January 2005.
Note 8 - Other Non-Current Assets
(in millions of euros)
At Dec. 31, 2004 At Dec. 31, 2003
Net actuarial gains and losses and unamortized
prior service costs on pension obligations
(Note 15)
262.1 315.6
Other non-current assets 262.1 315.6
Note 9 - Inventories and Work in Process, Net
(in millions of euros)
At Dec. 31, 2004 At Dec. 31, 2003
Raw materials 612.5 500.9
Work in process 285.1 257.1
Semi-finished and finished products 479.1 362.2
Goods 194.3 183.6
Inventories and work in process at cost 1,571.0 1,303.8
Reserves (201.3) (179.7)
Inventories and work in process, net 1,369.7 1,124.1