APC 2009 Annual Report Download - page 131
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2009 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 129
CONSOLIDATED FINANCIAL STATEMENTS
5
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Note2
Changes in the scope of consolidation
The main changes in 2009 were as follows:
Acquisitions
The Group fi nalised the acquisitions of Conzerv Systems and Meher
Capacitors in India, and Microsol in Brazil.
Acquisitions during the period totalled EUR 63million, net of cash
acquired.
These entities are fully consolidated since their acquisition date.
Changes in consolidation method
As indicated in note1, Delixi Electric, a jointly controlled entity, has
been proportionally consolidated since January 1, 2009. It was
previously accounted for by the equity method.
2.2 - Impact of changes in the scope
ofconsolidation
The impact of changes in the scope of consolidation in 2008 and
2009 on the Group’s income statement as of December 31, 2009
is not material.
Impact on cash
Changes in the scope of consolidation reduced the Group’s cash position by a net EUR 63million, as described below:
2009
Acquisitions (95)
Cash and cash equivalents paid (94)
Cash and cash equivalents acquired (1)
Disposals 24
Other operations 8
NET FINANCIAL INVESTMENTS (63)
2.1 - Additions and removals
The consolidated fi nancial statements for the year ended December 31, 2009 include the accounts of the companies listed in note32. The
scope of consolidation at December 31, 2009 is summarised as follows:
Dec. 31, 2009 Dec. 31, 2008
Number of companies France Abroad France Abroad
Parent company and fully consolidated subsidiaries 60 477 69 506
Proportionally consolidated companies - 1 - -
Companies accounted for by the equity method 1 3 1 5
Sub-total by region 61 481 70 511
TOTAL 542 581