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Note 3: Other receivables
Dec. 31, 2005 Dec. 31, 2006
Cost 260,325 350,714
Provisions (45,699) (46,297)
Net 214,626 304,417
At December 31, 2006, this item mainly comprised two
loans granted to Schneider Electric SAS due 2007 and
2008, in an aggregate amount of 2,948.4 million, as
2d - Other
Dec. 31, 2005 Increases Decreases Dec. 31, 2006
Cost 177,161 31,361 (178,322) 30,200
Provisions - - - -
Net 177,161 31,361 (178,322) 30,200
At December 31, 2005, this item mainly comprised a
176.2 million loan to Legrand. The loan was fully
repaid in 2006.
At December 31, 2006, this item primarily comprised
cash transferred to the manager of the liquidity con-
tract (see note 2b) that had not yet been invested in
Schneider Electric shares.
This item primarily comprises receivables from other
members of the Schneider Electric tax group in France
and Schneider Electric’s own tax receivables. At
December 31, 2006, 129.4 million was receivable
from the other members of the French tax group com-
pared with 33.9 million at end-2005, primarily corre-
sponding to group tax returns for 2006 (see note 16).
This item also included a 97.0 million carryback cred-
it and the unrecovered balance of the exceptional 25%
exit tax on dividends distributed in 2005 that was paid
in that year in an original amount of 76.0 million. The
exit tax gave rise to a tax credit in the same amount
that is utilizable or refundable in three equal install-
ments over the three years following payment. In 2006,
the first installment was refunded to Schneider Electric
SA, bringing the balance of this receivable to 50.7
million.
As in prior years, this item included receivables related
to the Pinglin contract (previously managed by former
subsidiary Spie Batignolles and under dispute with a
foreign third party), in an amount of 45.3 million. The
receivables related to the Pinglin contract have been
fully written off.
Marketable securities primarily include Schneider Electric SA shares held in treasury for allocation on the exer-
cise of stock options.
Note 4: Marketable securities
Dec. 31, 2005 Acquisitions Disposals Dec. 31, 2006
Number Value Value Value Value Number
of shares of shares
Plan 16 456,103 19,384 - (13,250) 6,134 144,333
Plan 24 2,023,637 117,266 - - 117,266 2,023,637
Plan 26 761,313 45,587 - - 45,587 761,313
Total Schneider
Electric SA shares 3,241,053 182,237 - (13,250) 168,987 2,929,283
Other 25 - - 25
Total 182,262 - (13,250) 169,012
Note 5: Advances to the Group cash pool
This item corresponds to interest-bearing advances to the Group cash pool (Boissière Finance) that are recover-
able on demand. The cash pool includes 55.0 million in commercial paper issued at end-2006.
159
6
well as accrued interest of 29.7 million. All increases
and decreases in 2006 concerned interest.