APC 2013 Annual Report Download - page 260

6COMPANY FINANCIALSTATEMENTS
NOTES TO THE FINANCIAL STATEMENTS
Currency risk Bonds
Where necessary, a contingency provision is in place for unrealized Redemption premiums and issue costs are amortized over the life
exchange losses. However, where there are unrealized exchange of the bonds.
gains and losses on back-to-back transactions in the same
currency and with the same maturity, the amount of the provision
is then limited to the net loss.
Non-current assets Note1
1.1 – Intangible assets
This item primarily consists of share issue and merger expenses, which are fully amortized.
1.2 – Tangible assets
(in thousands of euros)
Tangible assets Dec.31, 2012 Additions Disposals Dec.31, 2013
Cost 4,460 - (10) 4,450
Depreciation (290) - - (290)
NET 4,170 - (10) 4,160
Investments Note2
2.1 – Shares in subsidiaries and affiliates
(in thousands of euros)
Shares in subsidiaries and affiliates Dec.31, 2012 Additions Disposals Dec.31, 2013
Cost 4,605,759 14 (3,777) 4,601,996
Provisions (105,505) (72,420) 63,661 (114,264)
NET 4,500,254 (72,406) 59,884 4,487,732
The main changes over the financial year are mainly related to the additional depreciation of Cofimines for EUR72million.
The main investments at December31, 2013 were as follows:
Shares in subsidiaries and affiliates Carrying value
Schneider Electric IndustriesSAS 4,344,481
Cofimines 139,064
Schneider Electric Japan Holding 3,149
Other (less than EUR5million) 1,038
TOTAL 4,487,732
258 2013 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC