APC 2015 Annual Report Download - page 259

2015 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 257
PARENT C OMPANY FINANCIAL STATEMENTS
6
NOTES TO THE FINANCIAL STATEMENTS
2.2 – Other investment securities
(in thousands of euros)
Other investment securities Dec.31, 2014 Increases Decreases Dec.31, 2015
Schneider Electric SE shares 419,193 599,981 - 1,019,174
Other 131 - - 131
Provisions for other shares (77) (13,480) - (13,557)
NET 419,247 586,501 - 1,005,748
Other investment securities primarily include Schneider Electric
SE shares acquired for allocation on the exercise of certain stock
options. Schneider Electric SE has not reclassifi ed own shares
allocated to this line item as of December31, 2004.
Since April2015, in compliance with the resolution adopted by the
General Shareholders’ Meeting dated April21, 2015, the company
proceeded to the share buyback of 10,623,464 own shares for
a total amount of EUR600 million. These Schneider Electric SE
shares were not allocated to performance shares plans and thus
were accounted for as other investment securities.
On December31 , 2015, the company recorded an impairment of
treasury stocks for an amount of EUR13million.
2.3 – Advances to subsidiaries and affiliates
(in thousands of euros)
Advances to subsidiaries and affi liates Dec.31, 2014 Increases Decreases Dec.31, 2015
Cost 3,958,484 142,089 (681,354) 3,419,219
NET 3,958,484 142,089 (681,354) 3,419,219
At December 31, 2015, this item mainly consisted of a loan
EUR2,500million granted to Schneider Electric IndustriesSAS with
a maturity date of 2017, three loans granted in 2011 and 2012 to
Boissière Finance for a total amount of EUR906million with maturity
dates of 2016 and 2022 and of accrued interest for a total amount
of EUR13million.
Schneider Electric IndustriesSAS reimbursed a loan EUR600million
with maturity date of January8, 2015.
Note3 Other receivables
(in thousands of euros)
Other receivables Dec.31, 2015 Dec.31, 2014
Cost 56,614 116,695
Provisions (226) (226)
NET 56,388 116,469
At December31, 2015, «Other receivables» main changes related to the Group income tax payable for EUR47million and research tax
credit for EUR13million.