APC 2005 Annual Report Download - page 133

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131
At December 31, 2005, this item mainly comprised two loans granted to Schneider Electric Industries SAS due
2007 and 2008, in an aggregate amount of 2,948.4 million, as well as accrued interest of 21.7 million. All
increases and decreases in 2005 concerned interest.
2c) Advances to subsidiaries and affiliates
Dec. 31, 2004 Increases Decreases Dec. 31, 2005
Cost 2,973,190 91,337 (91,593) 2,972,934
Provisions (316) (173) 316 (173)
Net 2,972,874 91,164 (91,277) 2,972,761
Dec. 31, 2004 Dec. 31, 2005
Cost 148,622 260,325
Provisions (16,844) (45,699)
Net 131,778 214,626
This item primarily comprises a 176.2 million loan granted to Legrand due 2015. The related interest, capital-
ized each year, amounted to 9.2 million in 2005.
The 22.0 million decrease reflects the reimbursement of the deposit paid into an escrow account in 2004 as
part of the acquisition of ELAU.
The increase in this item reflects the 76 million pay-
ment to the French Treasury to cover the exceptional
25% exit tax on dividends distributed in 2005. The exit
tax will give rise to a tax credit in the same amount,
which will be utilized or refunded in three equal install-
ments over the next three years.
In addition, due to the increase in the net income tax
benefit for 2005 (see note 16), this item includes the
balance of taxes receivable from subsidiaries in 2006,
in a total amount of 33.9 million.
As in past years, this item included receivables relat-
ed to the Pinglin contract (previously managed by for-
mer subsidiary Spie Batignolles), in an amount of
45.3 million, and a carryback credit in an amount of
97.0 million at December 31, 2005.
The increase in provisions for impairment of other
receivables reflected the 28.9 million allowance dur-
ing the year to fully write-off receivables related to the
Pinglin contract, which is under dispute with a foreign
third party.
2d) Other
Dec. 31, 2004 Increases Decreases Dec. 31, 2005
Cost 189,921 9,240 (22,000) 177,161
Provisions - - - -
Net 189,921 9,240 (22,000) 177,161
Note 3 – Other receivables
Dec. 31, 2004 Acquisitions Disposals Dec. 31, 2005
Number Value Value Value Value Number
of shares of shares
Plan 14 931,909 47,085 - (47,085) - -
Plan 16 939,683 39,936 - (20,552) 19,384 456,103
Plan 24 - - 117,266 - 117,266 2,023,637
Plan 26 - - 45,587 - 45,587 761,313
Total Schneider
Electric SA shares 1,871,592 87,021 162,853 (67,637) 182,237 3,241,053
Other 25 - - 25
Total 87,046 162,853 (67,637) 182,262
Marketable securities primarily include Schneider Electric SA shares held in treasury for allocation on the exer-
cise of stock options.
Note 4 - Marketable securities
Company Financial Statements