APC 2013 Annual Report Download - page 210
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5CONSOLIDATED FINANCIALSTATEMENTS ATDECEMBER 31, 2013
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
13.3 – Operating leases
Rental expense breaks down as follows:
Full year 2013 Full year 2012
Minimum rentals 109 121
Conditional rentals --
Sub-lease rentals 34
TOTAL RENTAL EXPENSE 112 125
Operating lease commitments break down as follows at December31, 2013:
Discounted
Minimum minimum
payments payments
Less than one year 107 106
Between one and five years 257 244
Five years and more 67 57
TOTAL COMMITMENTS 431 407
Discounting effect (24)
Discounted minimum payments 407
Investments in associates
Note14
Investments in associates can be analyzed as follows:
% interest Share net assets Share in net profit
Dec.31, 2013 Dec.31, 2012 Dec.31, 2013 Dec.31, 2012 Dec.31, 2013 Dec.31, 2012
Delta Dore Finance 20.0% 20.0% 15 16 11
Electroshield TM Samara(1) - 50.0% - 303 417
Sunten Electric Equipment(2) 40.0% 50.0% 78 100 55
Fuji Electric FA Components&Systems 36.8% 36.8% 74 86 12 12
Other N/A N/A 56 - (1)
TOTAL --172 511 22 34
Electroshield – TM Samara is fully consolidated by Schneider Electric Group since the acquisition of the additional 50% shares on (1)
March28, 2013. The impact on the statement of income for December2013 corresponds to the share in net profit until March28, 2013.
Schneider Electric disposed 10% of the equity interest held in Sunten Electric Equipment on December27, 2013.(2)
208 2013 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC