APC 2007 Annual Report Download - page 115
Download and view the complete annual report
Please find page 115 of the 2007 APC annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105 -
106 -
107 -
108 -
109 -
110 -
111 -
112 -
113 -
114 -
115 -
116 -
117 -
118 -
119 -
120 -
121 -
122 -
123 -
124 -
125 -
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
 |
 |
5
Consolidated financial statements at December 31, 2007
Statement of income Statement of income
new presentation as reported
Full year 2006 Full year 2006
Revenue 13,729.7 13,729.7
Cost of sales (8,050.6) (8,050.6)
Gross profit 5,679.1 5,679.1
Research and development expenses (324.4) (327.6)
Selling, general and administrative expenses (3,220.0) (3,234.8)
Other operating income and expenses (116.0) (116.0)
EBITA 2,018.7 -
Amortization and impairment of purchase accounting intangibles (18.0) -
Operating profit 2,000.7 2,000.7
Note 3 - Changes in the scope of consolidation
3.1 - Additions and removals
The consolidated financial statements for the year ended December 31, 2007 include the accounts of the companies listed
in note 29. The scope of consolidation at December 31, 2007 is summarized as follows:
Dec. 31, 2007 Dec. 31, 2006
Number of companies France Abroad France Abroad
Parent company and fully consolidated subsidiaries 65 507 67 458
Proportionally consolidated companies - - - -
Companies accounted for by the equity method 1 3 1 2
Sub-total by region 66 510 68 460
Total 576 528
Before After
allocation of allocation of
acquisition acquisition
cost cost
Acquisition price 4,678.5
Transaction costs 33.1
Total acquisition cost 4,711.6
Non-current assets 263.1 2,259.0
O
ther current assets (excluding
cash and cash equivalents) 778.5 784.6
Cash and cash equivalents 420.5 420.5
Total assets 1,462.1 3,464.1
Non-current liabilities 90.5 793.0
Current liabilities 365.3 365.3
Total liabilities
(excluding equity) 455.8 1,158.3
Goodwill 2,405.8
The principal changes at December 31, 2007 were as follows:
Main acquisitions
On February 14, 2007, the Group finalized the full acqui-
sition of American Power Conversion (APC) for around
$6.1 billion. APC was consolidated as from February 15,
2007. The acquisition cost was allocated as follows:
Before After
allocation of allocation of
acquisition acquisition
cost cost
Acquisition price 1,096.0
Transaction costs 10.6
Total acquisition cost 1,106.6
Non-current assets 64.8 655.8
Other current assets 129.7 134.2
Cash and cash equivalents 5.0 5.0
Total assets 199.5 795.0
Long and short-term debt 2.3 2.3
Other non-current liabilities
(excluding long-term debt) - 6.2
Other current liabilities
(excluding short-term debt) 48.1 48.1
Total liabilities
(excluding equity) 50.4 56.6
Goodwill 368.2
On October 17, 2007, Schneider Electric finalized the ac-
quisition of the entire capital of PELCO, a worldwide leader
in the design, development and manufacture of video se-
curity systems, for around $1.5 billion. The acquisition cost
was provisionally allocated as follows:
113