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2012 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 167

CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER31, 2012

5

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

>

5. Notes to the consolidated financial

statements

All amounts in millions of euros unless otherwise indicated.

The following notes are an integral part of the consolidated ﬁ nancial statements.

The Schneider Electric Group’s consolidated ﬁ nancial statements for the ﬁ nancial year ended December31, 2012

were drawn up by the Management Board on February 18, 2013 and reviewed by the Supervisory Board on

February20,2013. They will be submitted to shareholders for approval at the Annual General Meeting of April25, 2013.

The Group’s main business es are described in chapter 1 of the Registration Document.

Note1

Accounting Policies 168

Note2

Changes in the scope of consolidation 178

Note3

Segment information 179

Note4

Research and development 181

Note5

Depreciation and amortization expenses 181

Note6

Other operating income and expenses 181

Note7

Restructuring costs 182

Note8

Amortization and impairment of

purchase accounting intangibles 182

Note9

Other financial income and expense 183

Note10

Income tax expense 183

Note11

Goodwill 184

Note12

Intangible assets 185

Note13

Property, plant and equipment 187

Note14

Investments in associates 190

Note15

Financial assets 190

Note16

Deferred taxes by type 191

Note17

Inventories and work in progress 192

Note18

Trade accounts receivable 192

Note19

Other receivables and prepaid expenses 193

Note20

Cash and cash equivalents 193

Note21

Equity 194

Note22

Pensions and other post-employment

benefit obligations 202

Note23

Provisions 208

Note24

Total (current and non-current)

financial liabilities 209

Note25

Other non-current liabilities 211

Note26

Financial instruments 212

Note27

Employees 216

Note28

Related party transactions 217

Note29

Commitments and contingent liabilities 217

Note30

Subsequent events 218

Note31

Statutory Auditors’ fees 218

Note32

Consolidated companies 219

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