APC 2007 Annual Report Download - page 163
Download and view the complete annual report
Please find page 163 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
 |
 |
6
Company financial statements at December 31, 2007
Note 3: Other receivables
Dec. 31, 2006 Dec. 31, 2007
Cost 350,714 98,398
Provisions (46,297) (46,246)
Net 304,417 52,152
Note 4: Marketable securities
Note 5: Advances to the Group cash pool
This item corresponds to interest-bearing advances to the Group cash pool (Boissière Finance) that are recoverable on
demand.
At December 31, 2007, this item primarily comprised cash transferred to the manager of the liquidity contract (see note
2b) that had not yet been invested in Schneider Electric shares.
Marketable securities primarily include Schneider Electric SA shares held in treasury for allocation on the exercise of stock
options.
This item primarily comprises receivables from other mem-
bers of the Schneider Electric tax group in France and
Schneider Electric SA’s own tax receivables. At December
31, 2007, 89.3 million was receivable from the other mem-
bers of the French tax group compared with 129.4 mil-
lion at end-2006, primarily corresponding to group relief for
2007 (see note 16).
This item also includes a 97.0 million carryback credit
and the unrecovered balance of the exceptional 25% exit
tax on dividends distributed 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, which is utilizable
or refundable in three equal installments over the three
years following payment. In 2006 and 2007, the first two
installments were refunded to Schneider Electric SA,
bringing the balance of this receivable to 25.3 million.
As in prior years, this item included receivables related to
the Pinglin contract (previously managed by former sub-
sidiary 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.
2d - Other
Other Dec. 31, 2006 Increases Decreases Dec. 31, 2007
Cost 30,200 502,548 (500,081) 32,667
Provisions - - - -
Net 30,200 502,548 (500,081) 32,667
Dec. 31, 2006 Acquisitions Disposals Dec. 31, 2007
Number Value Value Value Value Number
of shares of shares
Plan 16 144,333 6,134 - (6,134) --
Plan 24 2,023,637 117,266 - (117,266) --
Plan 26 761,313 45,587 - (458) 45,129 761,313
Plan 27 - - 57,217 - 57,217 1,000,000
Plan 28 - - 57,348 - 57,348 1,000,000
Plan 29 - - 1,797 - 1,797 31,333
Total Schneider
Electric SA shares 2,929,283 168,987 116,362 (123,858) 161,491 2,792,646
Other 10,070 25 8,654 (8,400) 279 12,190
Total 2,939,353 169,012 125,016 (132,258) 161,770 2,804,836
161