www.se.com 374 Schneider Electric Universal Registration Document 2021 Chapter 5 – Consolidated financial statements at December 31, 2021 The contracts assets and liabilities, respectively reported within the “Trade and other operating receivables” and “Trade and other operating payables”, are as follows: (in millions of euros) Dec. 31, 2021 Dec. 31, 2020 Unbilled revenue (contract assets) 1,500 1,231 Contract liabilities (1,570) (1,19 3) NET CONTRACT ASSETS (70) 38 Note 17: Other receivables and prepaid expenses (in millions of euros) Dec. 31, 2021 Dec. 31, 2020 Other receivables 550 632 Other tax receivables 1,227 1,19 8 Derivative instruments 48 107 Prepaid expenses 173 157 OTHER RECEIVABLES AND PREPAID EXPENSES 1,998 2,094 Note 18: Cash and cash equivalents (in millions of euros) Dec. 31, 2021 Dec. 31, 2020 Marketable securities 551 1,942 Negotiable debt securities and short-term deposits 438 2,275 Cash 1,633 2,678 Total cash and cash equivalents 2,622 6,895 Bank overdrafts (159) (133) NET CASH AND CASH EQUIVALENTS 2,463 6,762 Non-recourse factorings of trade receivables were realized in 2021 for a total amount of EUR 50 million, compared with EUR 100 million in 2020. Note 19: Shareholder’s equity 19.1 – Capital Share capital The company’s share capital at December 31, 2021 amounted to EUR 2,276,133,768 represented by 569,033,442 shares with a par value of EUR 4, all fully paid up. At December 31, 2021, a total of 595,320,658 voting rights were attached to the 569,033,442 issued shares. Schneider Electric’s capital management strategy is designed to: • ensure Group liquidity; • optimize its financial structure; • optimize the weighted average cost of capital. The strategy must also ensure the Group has access to different capital markets under the best possible conditions. Factors taken into account for decision-making purposes include objectives expressed in terms of earnings per share, ratings or balance sheet stability. Finally, decisions may be implemented depending on specific market conditions. Changes in share capital and cumulative number of shares Changes in share capital since December 31, 2019 were as follows: (in number of shares and in euros) Cumulative number of shares Share capital CAPITAL AT DEC. 31, 2019 582,068,555 2,328,274,220 Cancellation of own shares* (15,000,000) (60,000,000) Employee share issue – – CAPITAL AT DEC. 31, 2020 567,068,555 2,268,274,220 Cancellation of own shares – – Employee share issue 1,964,887 7, 8 5 9 , 5 4 8 CAPITAL AT DEC. 31, 2021 569,033,442 2,276,133,768 * Cancellation of 15 million treasury shares on May 31, 2020 5.5 Notes to the consolidated financial statements