APC 2009 Annual Report Download - page 146

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2009 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC144
CONSOLIDATED FINANCIAL STATEMENTS
5NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Note20
Cash and cash equivalents
Dec. 31, 2009 Dec. 31, 2008
Marketable securities 2,681 997
Negotiable debt securities and short- term deposits 23 13
Cash 808 642
Total cash and cash equivalents 3,512 1,652
Bank overdrafts (87) (135)
NET CASH AND CASH EQUIVALENTS 3,425 1,517
Note21
Equity
21.1 - Capital
Share capital
The Company’s share capital at December 31, 2009 amounted to
EUR 2,102,016,200, represented by 262,752,025 shares with a par
value of EUR 8, all fully paid up.
At December 31, 2009, a total of 280,369,861 voting rights were
attached to the 262,752,025 shares outstanding.
Schneider Electric’s capital management strategy is designed to
ensure liquidity, optimise the balance sheet and the weighted average
cost of capital, and ensure access to capital markets under the best
possible conditions. Decisions may be implemented depending on
specifi c market conditions.
Changes in share capital
Changes in share capital since December 31, 2008 were as follows:
Cumulative number
of shares Total
(in euros)
Capital at Dec. 31, 2008 247,425,629 1,979,405,032
Exercise of stock options 870,491 6,963,928
Dividend payment in shares 11,967,608 95,740,864
Capital increase --
Employee share issue 2,488,297 19,906,376
CAPITAL AT DEC. 31, 2009 262,752,025 2,102,016,200
The share premium account increased by EUR 555,380,523, following the exercise of options, the increases in capital and the payment of
dividend in shares.