APC 2014 Annual Report Download - page 180

4BUSINESS REVIEW
REVIEW OF THE CONSOLIDATED FINANCIAL STATEMENTS
Share of profit for the period attributable to the equity holders of our parent
company on continuing operations
The share of profit for the period attributable to the equity holders EUR1,827million for the year ended December31, 2013 (restated
of our parent company of continuing operations (profit for the for the effect of discontinued operations and change in
period attributable to the equity holders of our parent company consolidation method disclosed in note 1 of the consolidated
excluding discontinued operations) amounted to EUR1,772million financial statements), decreasing by 3.0%.
for the year ended December31, 2014, compared to
Earnings per share
Earnings per share decreased from EUR3.43 for the year ended December31, 2013 to EUR3.39 for the year ended December31, 2014.
Consolidated cash-flow
Operating Activities
of the consolidated financial statements), and represented 3.3% of
revenues in 2014 (3.0% in 2013).
Net cash provided by operating activities before changes in Free cash-flow (cash provided by operating activities net of net
operating assets and liabilities reached EUR2,640million for the capital expenditure) amounted to EUR1,704million in 2014 versus
year ended December31, 2014, down 10.6% compared to EUR2,160million in 2013 (restated for the effect of discontinued
EUR2,628million for the year ended December31, 2013 (restated operations and change in consolidation method disclosed in note 1
for the effect of discontinued operations and change in of the consolidated financial statements).
consolidation method disclosed in note 1 of the consolidated
financial statements), and represented 10.6% of revenue in2014 Cash conversion rate (free cash-flow over share profit of associates
compared with 11.2% in2013. of continuing operations) is 96% in 2014 versus 118% in 2013
(restated for the effect of discontinued operations and change in
Change in working capital requirement consumed EUR107million consolidation method disclosed in note 1 of the consolidated
in cash in the year ended December31, 2014, compared to financial statements).
EUR238million generated in the year ended December31, 2013
(restated for the effect of discontinued operations and change in Our acquisitions represented a cash outflow, net of cash acquired,
consolidation method disclosed in note 1 of the consolidated of EUR2,490million for the year ended December31, 2014,
financial statements), mainly due to the decrease of accounts corresponding mainly to the cash part of Invensys acquisition,
payables, on a high comparison base in 2013. compared to EUR294million in the year ended December31,
2013 corresponding mainly to Electroshield– TM Samara
In all, net cash provided by operating activities decreased 11.6% acquisition.
from EUR2,866million in the year ended December31, 2013
(restated for the effect of discontinued operations and change in
Financing Activities
consolidation method disclosed in note 1 of the consolidated
financial statements) to EUR2,533million in the year ended
December31, 2014. In 2014, the Group reimbursed two bonds for EUR720million and
there was no bond issuance.
Investing Activities
The net decrease in other financial debts amount to
EUR818million during the year ended December31, 2014,
Net capital expenditure, which included capitalized development compared to an increase of EUR1,073million during the year
projects, increased by 17.4% to EUR829million for the year ended ended December31, 2013. The dividend paid by Schneider
December31, 2014, compared to EUR706million for the year Electric was EUR1,095million the year ended December31, 2014,
ended December31, 2013 (restated for the effect of discontinued compared with EUR1,025million the year ended December31,
operations and change in consolidation method disclosed in note 1 2013.
178 2014 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC