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Company financial statements at December 31, 2006
Note 6: Deferred charges
6a - Bond issue expenses
Bond issue expenses Dec. 31, 2005 Increases Decreases Dec. 31, 2006
Oct. 19, 2000 due 2007 (450 million) 376 - (209) 167
Oct. 31, 2003 due 2008 (750 million) 1,274 - (450) 824
Aug. 11, 2005 due 2010 (900 million) 1,523 - (311) 1,212
Aug. 11, 2005 due 2017 (600 million) 1,400 - (96) 1,304
July 17, 2006 due 2011 (500 million) - 175 (22) 153
July 17, 2006 due Jan. 2014 (500 million) - 175 (9) 166
4,573 350 (1,097) 3,826
6b - Call premiums
Call premiums Dec. 31, 2005 Increases Decreases Dec. 31, 2006
Oct. 19, 2000 due 2007 (450 million) 25 - (14) 11
Oct. 31, 2003 due 2008 (750 million) 1,516 - (535) 981
Aug. 11, 2005 due 2010 (900 million) 1,411 - (289) 1,122
Aug. 11, 2005 due 2017 (600 million) 4,533 - (311) 4,222
July 17, 2006 due 2011(500 million) - 930 (78) 852
July 17, 2006 due Jan. 2014 (500 million) - 3,200 (159) 3,041
7,485 4,130 (1,386) 10,229
Increases in deferred charges concern bond issues carried out in 2006 in a total amount of 1.0 billion (see
note 9).
Note 7: Equity
7a - Capital
Share capital
The Company’s share capital at December 31,
2006 amounted to 1,821,586,784, represented by
227,698,348 shares with a par value of 8 euros, all
fully paid up.
Changes in share capital
During the year, 1,079,121 shares were issued on the
exercise of 1,079,121 stock options, increasing the
share capital by 8.6 million.
Schneider Electric SA shares
Schneider Electric SA did not buy back any of its own
shares in 2006. However, various transactions were
carried out during the year under the liquidity contract
set up to maintain a liquid market in the Company’s
shares pursuant to the authorization granted by share-
holders at the Annual Meeting of May 3, 2006. At
December 31, 2006, 120,000 Schneider Electric SA
shares were held under this contract (see note 2b).
The total number of shares held in treasury at year-
end came to 4,725,771, with a cost of 262.1 million.
7b - Additional paid-in capital
Additional paid-in capital rose by 52.1 million follow-
ing the issue of 1,079,121 shares on the exercise of
1,079,121 stock options.
7c - Retained earnings
Pursuant to the fourth resolution approved by share-
holders at the Annual Meeting of May 3, 2006, part of
the 2005 dividend paid in 2006 was deducted from
retained earnings, in an amount of 59,101 thousand.
In addition, unpaid dividends on shares held in treas-
ury as of the dividend payment date were allocated to
retained earnings.
As a result of these movements, retained earnings
totaled 275,145 thousand at December 31, 2006.
160