APC 2011 Annual Report Download - page 173

1712011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC
CONSOLIDATED FINANCIAL STATEMENTS
5
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Note5 Depreciation and amortisation expenses
Depreciation and amortisation expenses recognised in operating expenses were as follows:
2011 2010
Included in cost of sales:
Depreciation and amortisation (398) (373)
Included in selling, general and administrative expenses:
Depreciation and amortisation (133) (131)
DEPRECIATION AND AMORTISATION EXPENSES (531) (504)
In 2011, provisions in an amount of EUR90million were recorded in
other operating income and expenses.
The net amount of impairment losses on non-current assets totaled
EUR25 million, of which EUR7 million in goodwill impairment
(note8), and EUR17million in other operating income and expenses
(note6).
Note6 Other operating income and expenses
Other operating income and expenses break down as follows:
2011 2010
Impairment losses on assets - (34)
Gains on asset disposals 825
Losses on asset disposals (9) (5)
Costs of acquisitions (99) (31)
Pension plan curtailments 42 8
Others 50 45
OTHER OPERATING INCOME AND EXPENSES (8) 8
The costs of acquisitions are the costs of acquisition, integration
and separation related to major acquisitions in 2010 and 2011.
The line “Pension plan curtailments” includes mainly a provision
release for medical care in the US of EUR45million.
The line “Others” includes mainly a reversal of provision for litigation
or claims expired on December. In 2010, this line included mainly
a reversal of provision for EUR22million due to changes in paid
vacation modalities in the US and a proceed from insurance claim
for EUR17million.
Note7 Restructuring costs
Restructuring costs totaled EUR145million over the period. They mainly relate to industrial and support function reorganisations in Europe
(approximately EUR99million) and in North America (approximately EUR14million).