APC 2005 Annual Report Download - page 134

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132
Note 5 - Advances to the Group cash pool
This item corresponds to interest-bearing advances to the Group cash pool (Boissière Finance) that are recov-
erable on demand.
Note 7 - Equity
7a) Capital
Share capital
The Company's share capital at December 31, 2005
amounted to
1,812,953,816, represented by
226,619,227 shares with a par value of
8.00, all
fully paid up.
Changes in share capital
During the year, 425,050 shares were issued on the
exercise of 425,050 stock options, increasing the
share capital by
3.4 million.
Schneider Electric SA shares
In 2005, Schneider Electric SA bought back own
2,747,887 shares for
161.0 million, bringing the total
number of shares held in treasury to 5,919,759, with a
cost of
315.1 million. The shares were bought back
pursuant to the authorization granted by the Annual
and Extraordinary Shareholders’ Meeting of May 12,
2005.
7b) Additional paid-in capital
Additional paid-in capital rose by
19.0 million follow-
ing the issue of 425,050 shares on the exercise of
425,050 stock options.
7c) Retained earnings
The
163,368 thousand in 2004 income remaining
after distribution of the dividend was allocated to
retained earnings.
Retained earnings also include
933 thousand corre-
sponding to the share of
précompte
equalization tax
not paid to the French Treasury on dividends.
Lastly, the change in method for valuing pension obli-
gations reduced retained earnings by
10,428 thou-
sand.
As a result of these movements, retained earnings
totaled
323,112 thousand at December 31, 2005.
I
ncreases in deferred charges concern bond issues carried out in 2005 in a total amount of 1.5 billion (see note 9).
Note 6 – Deferred charges
6a) Bond issue expenses
Bond issue expenses Dec. 31, 2004 Increases Decreases Dec. 31, 2005
Oct. 19, 2000 due 2007 (450 million) 585 - (209) 376
Oct. 31, 2003 due 2008 (750 million) 1,724 - (450) 1,274
Aug. 11, 2005 due 2010 (900 million) - 1,641 (118) 1,523
Aug. 11, 2005 due 2017 (600 million) - 1,436 (36) 1,400
2,309 3,077 (813) 4,573
Note 8 - Provisions for contingencies and pension accruals
Dec. 31, 2004 Increases Decreases Dec. 31, 2005
Provisions for contingencies
Pinglin 6,058 - (6,058) -
Stock option plan no. 24 - 3,760 - 3,760
Other 2,854 - (1) 2,853
8,912 3,760 (6,059) 6,613
Provisions for pension accruals
Pension accruals 18,800 12,639 (1,044) 30,395
27,712 16,399 (7,103) 37,008
6b) Call premiums
Call premiums Dec. 31, 2004 Increases Decreases Dec. 31, 2005
Oct. 19, 2000 due 2007 (450 million) 39 - (14) 25
Oct. 31, 2003 due 2008 (750 million) 2,051 - (535) 1,516
Aug. 11, 2005 due 2010 (900 million) - 1,521 (110) 1,411
Aug. 11, 2005 due 2017 (600 million) - 4,650 (117) 4,533
2,090 6,171 (776) 7,485