APC 2010 Annual Report Download - page 185
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CONSOLIDATED FINANCIAL STATEMENTS
5
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Changes in provisions for impairment of short and long-term trade accounts receivable were as follows:
Dec.31, 2010 Dec.31, 2009
Provisions for impairment on January1 (140) (120)
Additions (47) (37)
Utilisations 23 18
Reversals of surplus provisions 32
Translation adjustments (10) 1
Other (27) (4)
PROVISIONS FOR IMPAIRMENT ON DECEMBER31 (198) (140)
Note19
Other receivables and prepaid expenses
Dec.31, 2010 Dec.31, 2009
Other receivables 236 217
Other tax credits 698 438
Derivative instruments 118 57
Prepaid expenses 160 159
TOTAL 1,212 871
Note20
Cash and cash equivalents
Dec.31, 2010 Dec.31, 2009
Marketable securities 1,825 2,681
Negotiable debt securities and short-term deposits 115 23
Cash and cash equivalents 1,449 808
Total cash and cash equivalents 3,389 3,512
Bank overdrafts (93) (87)
NET CASH AND CASH EQUIVALENTS 3,296 3,425
Note21
Equity
21.1 - Capital
Share capital
The Company’s share capital at December31, 2010 amounted to
EUR2,175,672,728, represented by 271,959,091shares with a par
value of EUR8, all fully paid up.
At December31, 2010, a total of 287,955,220 voting rights were
attached to the 271,959,091shares outstanding.
Schneider Electric’s capital management strategy is designed to:
•ensure Group liquidity;
•optimise its fi nancial structure;
•optimise the weighted average cost of capital.
The strategy must also ensure the Group has access to different
capital markets under the best possible conditions. Factors taken
into account for decision-making purposes include objectives
expressed in terms of earnings per share, ratings or balance sheet
stability. Finally, decisions may be implemented depending on
specifi c market conditions.
2010 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 183