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
onnetfi nancialincome Market value
Bond issue USD300,000,000 July1, 2014 (745) (1,466)
Schuldschein EUR195,000,000 May21, 2013 (6,552) (9,765)
Schuldschein EUR129,000,000 May21, 2015 (4,277) (14,646)
Private placement (CMS) EUR100,000,000 July31, 2013 (3,584) (6,143)
Private placement (CMS) EUR100,000,000 July31, 2013 2,728 4,770
Bond issue 2013 EUR475,000,000 July16, 2013 7,466 14,320
TOTAL (4,964) (12,930)
Note17
Off-balance sheet commitments
17.1 – Partnership obligations
The share of liabilities of “SC” non-trading companies attributable to
Schneider ElectricSA as partner is not material.
The share of liabilities of “SNC” fl ow-through entities attributable to
Schneider ElectricSA as partner is not material.
17.2 – Guarantees given and received
Commitments given:
Counter-guarantees of bank guarantees: None
Other guarantees given: EUR504million
Commitments received:
Bank counter-guarantees: None
Note18
Other information
18.1 – Workforce
At December31, 2011, the Company had two employees.
18.2 – Consolidated financial statements
Schneider ElectricSA 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 IndustriesSAS, which in turn is
wholly- owned by Schneider ElectricSA. Nevertheless, Schneider ElectricSA has arranged fi xed-rate/fl oating-rate interest rate swaps to
hedge certain bond issues, the market value of which is as follows: