APC 2011 Annual Report Download - page 235

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2011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 233
COMPANY FINANCIAL STATEMENTS
6
NOTES TO THE FINANCIAL STATEMENTS
Underlying Hedging instrument
(in thousands of euros)
Type Face value Maturity Impact
onnetfi nancialincome Market value
Bond issue USD300,000,000 July1, 2014 (745) (1,466)
Schuldschein EUR195,000,000 May21, 2013 (6,552) (9,765)
Schuldschein EUR129,000,000 May21, 2015 (4,277) (14,646)
Private placement (CMS) EUR100,000,000 July31, 2013 (3,584) (6,143)
Private placement (CMS) EUR100,000,000 July31, 2013 2,728 4,770
Bond issue 2013 EUR475,000,000 July16, 2013 7,466 14,320
TOTAL (4,964) (12,930)
Note17
Off-balance sheet commitments
17.1 – Partnership obligations
The share of liabilities of “SC” non-trading companies attributable to
Schneider ElectricSA as partner is not material.
The share of liabilities of “SNC” fl ow-through entities attributable to
Schneider ElectricSA as partner is not material.
17.2 – Guarantees given and received
Commitments given:
Counter-guarantees of bank guarantees: None
Other guarantees given: EUR504million
Commitments received:
Bank counter-guarantees: None
Note18
Other information
18.1 – Workforce
At December31, 2011, the Company had two employees.
18.2 – Consolidated financial statements
Schneider ElectricSA is the parent company of the Group and accordingly publishes the consolidated fi nancial statements of the Schneider
Electric Group.
17.3 – Financial instruments
Schneider Electric Group hedging transactions, exchange guarantees and the establishment of fi nancial instruments are carried out by
the manager of the Group cash pool, Boissière Finance, a wholly-owned subsidiary of Schneider Electric IndustriesSAS, which in turn is
wholly- owned by Schneider ElectricSA. Nevertheless, Schneider ElectricSA has arranged fi xed-rate/fl oating-rate interest rate swaps to
hedge certain bond issues, the market value of which is as follows: