APC 2010 Annual Report Download - page 181
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CONSOLIDATED FINANCIAL STATEMENTS
5
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
13.2 - Finance leases
Tangible assets primarily comprise the following fi nance leases:
Dec.31, 2010 Dec.31, 2009
Land 33
Buildings 74 69
Machinery and equipment 32 32
Other tangible assets 32
Accumulated depreciation (83) (78)
ASSETS UNDER FINANCE LEASE, NET 29 28
Future minimal rental commitments on fi nance lease properties at December31, 2010 break down as follows:
Minimum
payments Discounted minimum
payments
Less than one year 12 12
Between one and fi ve years 44
Five years and more 11
TOTAL COMMITMENTS 17 17
Discounting effect 0
Discounted minimum payments 17
13.3 - Operating leases
Rental expense breaks down as follows:
Dec.31, 2010 Dec.31, 2009
Minimum rentals 118 104
Conditional rentals 11
Sub-lease rentals (4) (4)
TOTAL RENTAL EXPENSE 115 101
Operating lease commitments break down as follows at December31, 2010:
Minimum
payments Discounted minimum
payments
Less than one year 92 88
Between one and fi ve years 204 183
Five years and more 104 80
TOTAL COMMITMENTS 400 351
Discounting effect (49)
Discounted minimum payments 351
2010 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 179