APC 2012 Annual Report Download - page 239

2012 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 237
COMPANY FINANCIAL STATEMENTS
6
NOTES TO THE FINANCIAL STATEMENTS
2.2 – Other investment securities
Other investment securities Dec.31, 2011 Increases Decreases Dec.31, 2012
Schneider ElectricSA shares 48,778 - - 48,778
Other 111,303 - (111,172) 131
Provisions for other shares (77) - - (77)
NET 160,004 - (111,172) 48,832
Other investment securities primarily include Schneider ElectricSA
shares acquired for allocation on the exercise of certain stock
options. Schneider Electric SA has not reclassifi ed own shares
allocated to this line item as of December31, 2004. However, since
then, all purchases made for allocation to stock option plans have
been classifi ed as marketable securities.
After the sale on September 7, 2012, of its investment in AXA
which net book value was EUR111million, “Other” shares primarily
consist of VIGEOS SAS shares.
2.3 – Advances to subsidiaries and affiliates
Advances to subsidiaries and affi liates Dec.31, 2011 Increases Decreases Dec.31, 2012
Cost 3,606,707 696,216 (124,165) 4,178,758
Provisions (61) - 61 -
NET 3,606,646 696,216 (124,104) 4,178,758
At December31, 2012, this item mainly consisted of two loans totaling EUR3billion granted to Schneider Electric IndustriesSAS, repayable
in2014 and 2015, of four loans granted to Boissière Finance for a total amount of EUR1billion with maturity date 2016 and 2022 and of
accrued interest of EUR47million.
Note3 Other receivables
Other receivables Dec.31, 2012 Dec.31, 2011
Cost 98,768 180,085
Provisions (45,256) (45,256)
NET 53,512 134,829
At December 31, 2012, “Other receivables” primarily consist of EUR19 million in group tax relief, EUR11 for research tax credit, of
EUR18million of interests of hedging instruments on bonds and of a dispued receivable for EUR45million fully written down.