APC 2005 Annual Report Download - page 3
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1
Introduction
Interview with the Chairman 2
Key Figures 4
Board of Directors, Committees 6
Senior Management 7
1 / Business Presentation
1 - Background 9
2 - Major prospects in four main markets 10
3 - Forefront positions worldwide 11
4 - Our customers are our partners 13
5 - An ambitious growth strategy 15
6 - The new2company program:
from good to great 15
7 - A global organization with local roots 16
8 - Human resources 17
9 - Risk factors 18
2
/ General Presentation of Schneider Electric SA
1 - General information 23
2 - Capital 23
3 - Ownership structure 25
4 - Employee profit-sharing and
share ownership and stock option plans 26
5 - Stock market data 28
6 - Investor relations 30
3 / Corporate Governance
1 - Board of Directors (at December 31, 2005) 31
2 - Organizational and operating procedures
of the Board of Directors 35
3 - Board meetings in 2005 and early 2006 36
4 - Committees of the Board of Directors
(members, operating procedures and meetings) 38
5 - Internal control 39
6 - Interests and compensation
of corporate officers and executives 46
7 - Regulated agreements 47
8 - Auditors 47
9 - Shareholders' rights and obligations 48
4 / Business Review
1 - 2005 highlights 51
2 - Operating performance 53
3 - Financial situation 56
4 - Sustainable development 59
5 - Outlook for 2006 67
5 / Consolidated Financial Statements
at December 31, 2005
1 - Consolidated Statement of Income 68
2 - Consolidated Statement of Cash Flows 69
3 - Consolidated Balance Sheet 70
4 - Consolidated Statement of Changes
in Equity and Minority Interests 72
5 - Notes to the Consolidated Financial
Statements 73
6 - Auditors' Report on
the Consolidated Financial Statements 125
6 / Company Financial Statements
at December 31, 2005
1 - Balance Sheet 126
2 - Statement of Income 128
3 - Notes to the Financial Statements
of Schneider Electric SA 129
4 - Auditors' Report
on the Financial Statements 136
5 - List of Securities at December 31, 2005 137
6 - Subsidiaries and Affiliates 138
7 - Five-year Financial Summary 140
7 / Annual and Extraordinary Shareholders’
Meeting of May 3, 2006
1 - Report of the Board of Directors to
the Annual and Extraordinary Shareholders’
Meeting 141
2 - Auditors' Special Reports 146
3 - Resolutions 150
4 - Auditors' Report on the Report of
the Chairman of the Board of Directors 159
Attestation 159
Contents
T
his document was registered with
Autorité des Marchés Financiers
(AMF) under number D.06-0158 on
March 27, 2006 in compliance with article 212-13 of AMF’s general regulations. It may not be used in connection
with any financial transactions unless it is accompanied by an Offering Circular approved by AMF.