APC 2011 Annual Report Download - page 2
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Message from Jean-PascalTricoire 2
Message from HenriLachmann 4
Interview with Emmanuel Babeau 5
Leadership team 6
Key figures 2011 8
2011 in brief 11
Description oftheGroup,
anditsstrategy, markets
andbusinesses 15
1. Global specialist in energy management 16
2. Leader in an industry of the future 21
3. R&D Strategy 26
4. Organisational simplicity andefficiency 31
5. Risk factors 34
Sustainable development 43
1. Sustainable development at the heart of our strategy 44
2. Green and responsible growth driving economic
performance 52
3. Schneider Electric’s Commitment
toEnvironmentalPerformance 60
4. Committed to and on behalf ofemployees 70
5. Schneider Electric, a responsible corporate citizen 81
6. Methodology andaudit ofindicators 90
7. Indicators 98
Corporate governance 107
1. Supervisory Board** 108
2.
Organisational and operating procedures
oftheSupervisoryBoard** 116
3. Supervisory Board meetings** 117
4. Supervisory Board committees
(members,operatingprocedures andmeetings)** 119
5. Management Board members 121
6.
Organisational and operating procedures
oftheManagementBoard 123
7. Declarations concerning thesituation of
the members ofthe Supervisory Board
andManagement Board 123
8. Management interests andcompensation 124
9. Regulated Agreements 132
10. Internal control and risk management** 133
11. Application of the AFEP/MEDEF
corporategovernanceguidelines** 141
Business review 143
1. Trends in Schneider Electric’s core markets 144
2. Review of the consolidated financial statements 146
3. Review of the parent company financial statements 150
4. Review of subsidiaries 150
5. Outlook 150
Consolidated financial statements 151
1. Consolidated statement of income 152
2. Consolidated statement ofcashflows 154
3. Consolidated balance sheet 156
4. Consolidated statement ofchanges in equity 158
5. Notes to the consolidated financial statements 159
6. Statutory Auditors’ report on theconsolidated
financialstatements 217
Company financial statements 219
1. Balance sheet 220
2. Statement of income 222
3. Notes to the financial statements 223
4. Statutory Auditors’ report on the financial
statements 234
5. List of securities held atDecember31, 2011 235
6. Subsidiaries and affiliates 236
7. The Company’s financial results
overthelastfiveyears 238
General presentation
of
SchneiderElectricSA 239
1.
General information on the Company 240
2. Shareholders’ rights andobligations 241
3. Capital 243
4. Ownership structure 247
5. Employee profit-sharing, stock ownership 248
6. Performance share grants andstock option plans 249
7.
Disclosure of information required in
accordance with articleL.225- 100-3
oftheFrench Commercial Code** 255
8. Stock market data 255
9. Investor relations 257
Annual and Extraordinary
Shareholders’ Meeting 259
1. Management Board report 260
2. Supervisory Board’s comments
ontheManagement Board’s report,
mode in accordance with articleL . 225- 68
oftheFrenchCommercialCode 264
3. Auditors’ special reports 264
4. Resolutions 268
Persons responsible for the Registration Document 273
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