APC 2010 Annual Report Download - page 2
Download and view the complete annual report
Please find page 2 of the 2010 APC annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1
-
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
-
241
-
242
-
243
-
244
-
245
-
246
-
247
-
248
-
249
-
250
-
251
-
252
-
253
-
254
-
255
-
256
-
257
-
258
-
259
-
260
-
261
-
262
-
263
-
264
-
265
-
266
-
267
-
268
-
269
-
270
-
271
-
272
-
273
-
274
-
275
-
276
-
277
-
278
-
279
-
280
-
281
-
282
-
283
-
284
-
285
-
286
-
287
-
288
-
289
-
290
-
291
-
292
Message from Jean-Pascal Tricoire 2
Message from HenriLachmann 4
Interview with Emmanuel Babeau 5
Leadership team 6
Key figures 2010 8
2010 in brief 11
Description oftheGroup,
anditsstrategy, markets
andbusinesses 15
1. Global specialist in energy management 16
2. Leader in an industry of the future 20
3. Innovation and R&D: servinggrowth 29
4. Organisational simplicity andefficiency 34
5. Risk factors 37
Sustainable development 45
1. Sustainable development attheheart
ofourstrategy 46
2. Sustainable governance 48
3. Respect for the environment andfor ethics,
motors of economic performance 54
4. Schneider Electric’s Commitment
toEnvironmental Performance 62
5. Committed to and on behalf ofemployees 72
6. Schneider Electric, aresponsible corporatecitizen 80
7. Methodology andaudit ofindicators 88
8. Indicators 97
Corporate governance 105
1. Supervisory Board** 106
2.
Organisational and operating procedures
oftheSupervisoryBoard
** 113
3. Supervisory Board meetings** 115
4. Supervisory Board Committees
(members, operating procedures and meetings)** 116
5. Management Board members 119
6.
Organisational and operating procedures
oftheManagementBoard 120
7. Declarations concerning thesituation
ofthe members oftheSupervisoryBoard
andManagementBoard 120
8. Management interests andcompensation 121
9. Regulated Agreements 129
10. Internal control andriskmanagement** 130
11. Application of the AFEP-MEDEF
corporategovernance guidelines** 138
Business review 139
1. Trends in Schneider Electric’s core markets 140
2. Review of the consolidated financial statements 142
3. Review of the parent company financial statements 146
4. Review of subsidiaries 147
5. Outlook 147
Consolidated
financial statements 149
1. Consolidated statement of income 150
2. Consolidated statement ofcashflows 152
3. Consolidated balance sheet 154
4. Consolidated statement ofchanges in equity 156
5. Notes to the consolidated financial statements 157
6. Statutory Auditors’ report onthe consolidated
financial statements 222
Company financial statements 223
1. Balance sheet 224
2. Statement of income 226
3. Notes to the financial statements 227
4. Statutory Auditors’ report
onthefinancialstatements 238
5. List of securities held atDecember31, 2010 239
6. Subsidiaries and affiliates 240
7. The Company’s financial results
overthelast five years 242
General presentation
ofSchneiderElectricSA 243
1. General information 244
2. Shareholders’ rights andobligations 245
3. Capital 247
4. Ownership structure 251
5. Employee profit-sharing, stock ownership 252
6. Stock option and stock grant plans
withperformance criteria 252
7. Disclosure of information required in accordance
with article L.225-100-3 oftheFrench
Commercial Code** 257
8. Stock market data 258
9. Investor relations 260
Annual and Extraordinary
Shareholders’ Meeting 261
1. Management Board’s report tothe Annual
andExtraordinary Shareholders’ Meeting 262
2. Supervisory Board’s comments
ontheManagement Board’s report,
made in accordance witharticle L.225-68
oftheFrenchCommercial Code 269
3. Auditors’ special reports 270
4. Resolutions 276
Persons responsible fortheRegistration Document
andauditofthe accounts 287
4
5
6
7
8
1
2
3