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5
Consolidated financial statements at December 31, 2007
Fair value corresponds to the closing quoted price for investments quoted in an active market and the carrying amount
for unlisted investments. Net losses arising from remeasurement at fair value of listed investments, recorded in equity
under "Other reserves" (note 14.7), totaled 32.1 million.
The Legrand shares held at December 31, 2006, which were acquired under the mechanism for exchanging Schneider
Electric shares for Legrand shares set up when Schneider Electric sold Legrand in 2002, were sold back to Legrand
SAS in January 2007.
Dec. 31, 2007 Dec. 31, 2006
Cost Impairment Net Net
Restricted cash on Clipsal acquisition (note 18) 54.0 - 54.0 47.0
Receivables on investments and loans 1.1 (1.1) - 6.1
Other 72.6 (2.5) 70.1 61.1
Other non current financial assets 127.7 (3.6) 124.1 114.2
8.2 - Other non-current financial assets
Note 8 - Financial assets
8.1 - Available-for-sale financial assets
Available-for-sale financial assets, corresponding mainly to investments in non-consolidated companies, break down
as follows:
Dec. 31, 2007 Dec. 31, 2006
% interest Gross value
Impairment
Fair value Fair value
I – Listed available
for sale financial assets
AXA 0.40 %
101.5 166.8 268.3 300.5
Gold Peak Industries Holding Ltd 10.06 % 10.6 (7.9) 2.7 3.0
Legrand NS - - - 2.2
Other listed AFS - 0.4 - 0.4 0.4
Total listed AFS 112.5 158.9 271.4 306.1
II – Unlisted available
for sale financial assets
Eb@se France (1) 100 % 20.7 (20.7) - -
Comipar 4 %
16.4 (16.4) - -
Polam BV (1) 100 % 25.7 - 25.7 -
Thorsman Ireland (1) 100 % 7.5 (7.3) 0.2 -
Profilux (2) 100 % 12.2 - 12.2 -
Easy Plug SAS (1) 50 % 8.8 (8.8) - -
SE Venture 100 % 6.6 (6.6) - -
Simak (3) 99 % 5.5 (0.5) 5.0 5.0
Senside (1) 100 % 5.2 (5.2) - -
Other unlisted AFS (4) -21.2 (13.2) 8.0 4.6
Total unlisted AFS 129.8 (78.7) 51.1 9.6
Financial assets
available for sale 242.3 80.2 322.5 315.7
(1) Removed from the scope of consolidation – in liquidation.
(2) Consolidated as from January 1, 2008.
(3) Dormant companies.
(4) Investments with a unit value of less than
5 million.
121