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2009 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC192
COMPANY FINANCIAL STATEMENTS
6NOTES TO THE FINANCIAL STATEMENTS
Note7
Shareholders’ equity and retained earnings
(in millions of euros)
Share
capital Additional
paid-in capital
Reserves
and retained
earnings Net income
forthe year Untaxed
provisions Total
December31, 2007 before
allocation of net income for
the year 1,962 5,254 676 227 1 8,120
Change in share capital 17 124 - - - 141
Allocation of 2007 net income - - 4 (4) - 0
2007 dividend - (103) (470) (223) - (796)
2008 net income - - - 1,148 - 1,148
Other changes during theperiod - 1---1
December31, 2008 before
allocation of net income
forthe year 1,979 5,276 210 1,148 1 8,614
Change in share capital 27 132 - - - 159
Allocation of 2008 net income - - 2 (2) - 0
2008 dividend 96 423 309 (1,146) - (318)
2009 net income - - - 476 - 476
DECEMBER31, 2009 BEFORE
ALLOCATION OF NET INCOME
FORTHE YEAR 2,102 5,831 521 476 1 8,931
7.1 - 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.
Changes in share capital
During the year, 870,491 shares were issued on the exercise
of 15,326,396 stock options, increasing the share capital by
EUR 123million.
Shareholders who chose the dividend reinvestment option
subscribed 11,967,608 shares for EUR 96 million. Another
2,488,297 shares were issued as part of the employee share issue
for EUR 20million. Lastly, 870, 491 stock options were exercised for
EUR7million.
Schneider Electric SA shares
In 2009, 51,759 treasury shares acquired at a cost of EUR 3million
were allocated to employees on exercise of stock options and stock
grants. The total number of shares held in treasury at year-end came
to 4,615,550, with a cost of EUR 268million.
7.2 - Additional paid-in capital
Additional paid-in capital rose by EUR 555 million, reflecting
the dividend reinvestment programme , which accounted for
EUR423million; the employee share issue, which accounted for
EUR 92million of the increase; and the issue of shares on the exercise
of stock options, which accounted for EUR 40million.
7.3 - Retained earnings
Pursuant to the third resolution approved by shareholders
at the Annual Meeting of April23, 2009, EUR 2million of the
EUR 1,148million in 2008 profi t available for distribution was allocated
to the legal reserve. Dividend paid amounted to EUR837million, of
which 318 were paid in cash. The remainder (EUR309million) was
allocated to retained earnings .