APC 2006 Annual Report Download - page 164

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Note 10: Other borrowings
Other borrowings at December 31, 2006 included
accrued interest on bonds issued by the Company.
Accrued interest rose to 44.8 million from 30.7
million at end-2005 following the issue of 1.0 billion
worth of bonds in 2006.
At December 31, 2006, this item also included com-
mercial paper issued on the market by Schneider
Electric SA on behalf of the Group in the amount of
55 million.
Note 11: Deferred income
This item includes income from a swap taken out on a
750 million bond issue (see note 9). The income is
deferred over the life of the bonds.
Company financial statements at December 31, 2006
Note 12: Maturities of receivables and payables
Total Due within Due in Due beyond
1 year 1 to 5 years 5 years
Non-current assets
Advances to subsidiaries and affiliates 2,980,848 478,117 2,502,731 -
Other investments 30,200 30,200 - -
Current assets
Accounts receivable - trade 193 193 - -
Other receivables 350,714 270,183 79,196 1,335
Marketable securities 169,012 6,134 162,853 25
Prepaid expenses 496 184 312 -
Debt
Bonds 3,700,000 450,000 2,150,000 1,100,000
Other borrowings 99,806 99,806 - -
Amounts payable to subsidiaries and affiliates 13 - 13 -
Short-term bank loans and overdrafts
and other debts 3,221 52 3,169 -
Accounts payable - trade 52 52 - -
Accrued taxes and payroll costs 3,972 3,972 - -
Other liabilities 1,769 1,769 - -
Note 14:
Net financial income
Dec. 31, 2006 Dec. 31, 2005
Dividends 557,104 337,833
Net interest income 121,740 86,148
Other (1,075) (1,405)
Net financial income 677,769 422,576
Note 13:
Related party transactions
(minimum 10% interest)
Gross Net
Shares in subsidiaries
and affiliates 1,815,734 1,777,117
Advances
to subsidiaries and
affiliates 2,980,846 2,980,673
Accounts receivable 138,875 137,890
Cash and
cash equivalents 5,666,443 5,666,443
Amounts payable
to subsidiaries and
affiliates 2,847 2,847
Accounts payable 10 10
Revenues:
- Dividends 548,875
- Interest 253,406
The main dividend received by Schneider Electric SA
is paid by subsidiary Schneider Electric Industries
SAS. This dividend totaled 537.9 million in 2006 ver-
sus 325.5 million in 2005.
162