APC 2004 Annual Report Download - page 83

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81
Note 11 - Other Accounts Receivable and Prepaid Expenses
(in millions of euros)
At Dec. 31, 2004 At Dec. 31, 2003
Other receivables 380.2 460.1
Carryback credit
(note 12.4)
97.0 97.0
Prepaid expenses and deferred charges 93.1 69.6
Others 1.2 0.3
Total 571.5 627.0
Note 10 - Trade Accounts Receivable, Net
All receivables in this item are due in less than one year.
(in millions of euros)
At Dec. 31, 2004 At Dec. 31, 2003
Accounts receivable 1,772.5 1,470.0
Notes receivable 396.2 415.8
Advances to suppliers 63.0 21.2
Accounts receivable, at cost 2,231.7 1,907.0
Reserves (96.0) (125.7)
Accounts receivable, net 2,135.7 1,781.3
Sold receivables (1) - 19.8
(1) ) The Group's main North American subsidiary, Square D Company, sold receivables to financial institutions in 2003 to optimize
management of its cash and working capital. No Group subsidiaries sold receivables in 2004.
Note 12 - Income Tax
Wherever possible, Group entities file consolidated tax returns. Schneider Electric files a consolidated tax
return with its French subsidiaries held directly or indirectly through Schneider Electric Industries SAS.
12.1 - Analysis of tax expense for the year
(in millions of euros)
At Dec. 31, 2004 At Dec. 31, 2003
Current taxes
France (13.5) (25.5)
International (265.9) (245.9)
Total (279.4) (271.4)
Deferred taxes
France (56.7) 96.2
International 3.0 47.9
Total (53.7) 144.1
Total tax (expense) benefit (333.1) (127.3)
Consolidated financial statements