APC 2012 Annual Report Download - page 183

2012 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 181
CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER31, 2012
5
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
3.3 – Degree of dependence in relation to main customers
No single customer accounts for more than 10% of consolidated revenue.
Note4 Research and development
Research and development costs break down as follows:
Full year 2012 Full year 2011
Research and development costs in cost of sales 265 206
Research and development costs in commercial expenses - -
Research and development costs in R&D costs(1) 507 539
Capitalized development costs 286 234
TOTAL RESEARCH AND DEVELOPMENT COSTS OF THE YEAR 1,058 979
(1) Of which EUR43million research and development tax credit in December2012 and EUR29million in December2011.
Amortization of capitalized development costs amounted to EUR133million for the 2012 fi nancial year, compared with EUR112million
in2011.
Note5 Depreciation and amortization expenses
Depreciation and amortization expenses recognized in operating expenses were as follows:
Full year 2012 Full year 2011
Included in cost of sales:
Depreciation and amortization (433) (398)
Included in selling, general and administrative expenses:
Depreciation and amortization (150) (133)
DEPRECIATION AND AMORTIZATION EXPENSES (583) (531)
Moreover, the net amount of impairment of non-current assets totaled EUR241million, of which mainly EUR250million in goodwill impairment
(note8).
Note6 Other operating income and expenses
Other operating income and expenses break down as follows:
Full year 2012 Full year 2011
Impairment losses on assets (16) -
Gains on asset disposals 88
Losses on asset disposals (10) (9)
Costs of acquisitions (52) (99)
Pension plan curtailments 21 42
Others 39 50
OTHER OPERATING INCOME AND EXPENSES (10) (8)