APC 2015 Annual Report Download - page 258

2015 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC256
PARENT C OMPANY FINANCIAL STATEMENTS
6NOTES TO THE FINANCIAL STATEMENTS
Currency risk
When necessary, a contingency provision is in place for unrealized
exchange losses. However, when there are unrealized exchange
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.
Bonds
Redemption premiums and issue costs are amortized over the life
of the bonds.
Note1 Non-current assets
1.1 – Intangible assets
This item primarily consists of share issue and merger expenses, which are fully amortized.
1.2 – Property, plant and equipment
(in thousands of euros)
Property, plant and equipment Dec.31, 2014 Additions Disposals Dec.31, 2015
Cost 4,448 - - 4,448
Depreciation (290) - - (290)
NET 4,158 - - 4,158
Property, plant and equipment are mainly comprised of land not built.
Note2 Investments
2.1 – Shares in subsidiaries and affiliates
(in thousands of euros)
Shares in subsidiaries and affi liates Dec.31, 2014 Additions Disposals Dec.31, 2015
Cost 5,599,974 - - 5,599,974
Provisions (114,270) - - (114,270)
NET 5,485,704 - - 5,485,704
During the year, there was no movement in equity shares.
The main investments at December31, 2015 were as follows:
Shares in subsidiaries and affi liates Carrying value
Schneider Electric IndustriesSAS 5,343,544
Cofi mines 139,073
Schneider Electric Japan Holding 2,049
Other (less than EUR5million) 1,038
TOTAL 5,485,704
3.3 Notes