APC 2009 Annual Report Download - page 162

2009 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC160
CONSOLIDATED FINANCIAL STATEMENTS
5NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
24.2 - Breakdown by currency
Dec. 31, 2009 Dec. 31, 2008
Euro 5,450 4,749
US dollar 500 1,084
Indian rupee 73 53
New Zealand dollar 01
Japanese yen 141 159
Other 160 159
TOTAL 6,324 6,205
24.3 - Ordinary bonds
Dec. 31, 2009 Dec. 31, 2008 Effective interest rate Maturity
Schneider Electric SA 2009 - 110 3.375% TF Jan 2009
Schneider Electric SA 2010 900 899 3.125% TF Aug 2010
Schneider Electric SA 2011 500 499 EUR +0.200% TV Jul 2011
Schneider Electric SA 2013 866 100 CMS 10+1.000% and 6.750% Jul 2013
Schneider Electric SA 2014 498 498 4.500% TF Jan 2014
Schneider Electric SA 2015 748 593 5.375% TF Jan 2015
Schneider Electric SA 2016 22 26 EUR + 0.600% TV Jul 2016
Schneider Electric SA 2017 974 752 4.000% TF Aug 2017
TOTAL 4,508 3,477
Schneider Electric SA has made several bond issues as part of its
Euro Medium Term notes (EMTN) programme over the past few
years. Issues that were not yet due as of December 31, 2009 were
as follows:
•EUR 750million worth of 6.75% bonds issued in January2009
and due July 16, 2013;
•EUR 150million worth of bonds issued in May2009 to top up the
EUR 600million at 5.375% due January 8, 2015 and issued in
October2007, raising the total issue to EUR 750million;
•EUR 250 million worth of bonds issued in March 2009 to top
up the EUR 780 million twelve year tranche at 4% issued in
August2005, raising the total issue to EUR 1.03billion;
•EUR 100million worth of bonds indexed to the Constant Maturity
Swap (CMS 10Year) rate, issued in July2008 and due July 31,
2013;
•EUR 180million worth of bonds issued in April2008 to top up the
EUR 600million twelve year tranche at 4% issued in August2005,
raising the total issue to EUR 780million;
•EUR 26 million corresponding to the discounted present value
of future interest payments on a EUR 177 million 8 year bond
issue (July 25, 2008 to July 25, 2016) indexed to the 3month
Euribor. The nominal value of the bonds is not recognised in debt
because the bond holder has waived its right to repayment of the
principal in exchange for the transfer by Schneider Electric, on a
no-recourse basis, of the future cash fl ows corresponding to the
requested refund of a tax receivable;
•EUR 600million worth of 5.375% bonds issued in October2007
and due January 8, 2015;
•EUR 1billion worth of bonds issued in July2006, comprising a
EUR 500million 5year variable rate tranche and a EUR 500million
7 ½ year 4.5% tranche;
•EUR 1.5billion worth of bonds issued in August2005, comprising
a EUR 900million 5year tranche at 3.125% and a EUR 600million
12year tranche at 4%.
These bonds are traded on the Luxembourg stock exchange. The
issue premium and issue costs are amortised according to the
effective interest method.
Lastly, the Group redeemed EUR 110million worth of January2007
bonds at maturity on January 26, 2009.
24.4 - Other information
At December 31, 2009, Schneider Electric had confi rmed credit lines
of EUR 2.8billion, all unused.
Loan agreements and committed credit lines do not include any
fi nancial covenants nor credit rating triggers.