APC 2010 Annual Report Download - page 162

CONSOLIDATED FINANCIAL STATEMENTS
5NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Assets
Published Acquisition costs CVAE Restated
Goodwill on property, plant and equipment
and intangible assets 14,495 14,495
Investments in associates 75 75
Non-current fi nancial assets 347 347
Deferred tax assets 1,001 9 1,010
Total non-current assets 15,918 9 15,927
Inventory, trade accounts receivable 5,245 5,245
Other receivables and prepaid expenses 897 (26) 871
Current fi nancial assets 77 77
Cash and cash equivalents 3,512 3,512
Total current assets 9,731 (26) 9,705
TOTAL ASSETS 25,649 (17) - 25,632
Liabilities
Published Acquisition costs CVAE Restated
Share capital 2,102 2,102
Additional paid-in capital 5,934 5,934
Retained earnings 4,673 (17) (11) 4,645
Translation reserve (952) (952)
Equity (share attributable to
owners of the parent) 11,757 (17) (11) 11,729
Non-controlling interests 131 131
Total equity 11,888 (17) (11) 11,860
Total long-term provisions 1,753 1,753
Non-current fi nancial liabilities 4,913 4,913
Deferred tax liabilities 916 11 927
Other non-current liabilities 17 17
Total non-current liabilities 7,599 - 11 7,610
Total current liabilities 6,162 6,162
TOTAL LIABILITIES 25,649 (17) - 25,632
1.3 - Basis of presentation
The fi nancial statements have been prepared on a historical cost
basis, with the exception of derivative instruments and available-
for-sale fi nancial assets, which are measured at fair value. Financial
liabilities are measured using the amortised cost model. The book
value of hedged assets and liabilities and the related hedging
instruments corresponds to their fair value.
1.4 - Use of estimates and assumptions
The preparation of fi nancial statements requires Group and subsidiary
management to make estimates and assumptions that are refl ected
in the amounts of assets and liabilities reported in the consolidated
balance sheet, the revenues and expenses in the statement of
income and the obligations created during the reporting period.
Actual results may differ.
These assumptions mainly concern:
•the measurement of the recoverable amount of goodwill,
property, plant and equipment and intangible assets (note1.11);
•the realisable value of inventories and work in process (note1.13);
•the recoverable amount of accounts receivable (note1.14);
•the valuation of share-based payments (note1.20);
•the calculation of provisions for contingencies, in particular for
warranties (note1.21);
•the measurement of pension and other post-employment benefi t
obligations (note22).
2010 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC160