APC 2009 Annual Report Download - page 2
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Please find page 2 of the 2009 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. Message from Jean-Pascal Tricoire 2
Message from HenriLachmann 4
Interview with EmmanuelBabeau 5
Leadership team 6
Key figures 2009 8
2009 in brief 11
Description oftheGroup,
itsmarkets anditsbusinesses 13
1. From steel to energy management 14
2. A strategic focus on balancing theenergyequation 17
3. Innovation and R&D: creating intelligent energy
solutions forourcustomers 24
4. Group organisation 27
5. Risk factors 30
Sustainable development 37
1. Introduction 38
2. Framework 39
3. Sustainable development organisation 41
4. Environmental performance 45
5. Social performance 53
6. Societal performance 66
7. Rating 70
8. Methodology 71
9. Statutory Auditors’ report oncertain
environmental, safety andhuman resources
indicators 73
Corporate Governance 75
1. Supervisory Board ** 76
2. Organisational andoperatingprocedures
oftheSupervisory Board ** 81
3. Supervisory Board meetings in2009 ** 82
4. Committees of the Supervisory Board (members,
operating procedures and meetings) ** 83
5. Management Board members 86
6. Organisational andoperatingprocedures
oftheManagement Board 87
7. Declarations concerning thesituation
ofthe members ofthe Supervisory Board
andManagement Board 87
8. Management interests andcompensation 88
9. Regulated Agreements 95
10. Internal Control and Risk Management** 96
11. Application of the AFEP-MEDEF corporate
governance guidelines ** 103
Business Review 105
1. Trends in Schneider Electric’s core markets 106
2. Review of the consolidated financial statements 107
3. Review of the parent company financial statements 111
4. Review of subsidiaries 112
5. Outlook 112
Consolidated financial
statements 113
1. Consolidated statement of income 114
2. Consolidated statement ofcashflows 116
3. Consolidated balance sheet 118
4. Consolidated statement ofchangesinequity 120
5. Notes to the consolidated financial statements 121
6. Statutory Auditors’ report ontheconsolidated
financial statements 181
Company Financial Statements 183
1. Balance sheet 184
2. Statement of income 186
3. Notes to the financial statements 187
4. Statutory Auditors’ report
onthefinancialstatements 198
5. List of securities at December31,2009 199
6. Subsidiaries and affiliates 200
7. Five-year financial summary 202
General presentation of
Schneider Electric SA 203
1. General information 204
2. Shareholders’ rights andobligations 205
3. Capital 207
4. Ownership structure 210
5. Employee profit-sharing, stockownership 211
6. Stock option and stock grant plans 211
7. Disclosure of information requiredin accordance
witharticleL.225-100-3 oftheFrench
Commercial Code 218
8. Stock market data 218
9. Investor relations 221
Annual and Extraordinary
Shareholders’ Meeting 223
1. Management Board’s report tothe Annual
andExtraordinary Shareholders’Meeting 224
2. Supervisory Board’s comments on the
Management Board’s report, made in accordance
witharticleL.225-68 oftheFrenchCommercial
Code 227
3. Auditors’ special reports 227
4. Resolutions 231
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Persons responsible fortheRegistration Document
andauditofthe accounts 237