- Annual Report
- Financial Report
- Consolidated Financial Statements of the Repower Group
- Comments on the consolidated financial statements of the Repower Group
- Consolidated statement of comprehensive income
- Consolidated balance sheet
- Changes in consolidated equity
- Consolidated cash flow statement
- Notes
- 1 Total operating revenue
- 2 Personnel expenses
- 3 Depreciation/amortisation and impairment
- 4 Financial income
- 5 Financial expenses
- 6 Investments in associates and partner plants
- 7 Income taxes
- 8 Earnings per share
- 9 Property, plant and equipment
- 10 Intangible assets
- 11 Other financial assets
- 12 Inventories
- 13 Receivables
- 14 Securities and other financial instruments
- 15 Positive/negative replacement values for held-for-trading positions
- 16 Cash and cash equivalents
- 17 Share capital
- 18 Non-current financial liabilities
- 19 Pension fund obligation
- 20 Provisions
- 21 Other non-current liabilities
- 22 Other current liabilities
- 23 Current financial liabilities
- 24 Information about net current assets
- 25 Transactions with related parties
- 26 Additional disclosures on financial instruments
- 27 Business combinations and disposals
- 28 Assets and liabilities held for sale
- 29 Impairment of assets
- 30 Segment reporting Group-wide information
- 31 Contingent liabilities and guarantee obligations
- 32 Obligations under leasing arrangements
- 33 Risk assessment
- 34 Events occurring after the balance sheet date
- Notes to the consolidated financial statements
- Report of the Auditors to the consolidated financial statements
- Financial Statements of Repower AG
- Appropriation of retained earnings
- Report of the Auditors
- Consolidated Financial Statements of the Repower Group
- Graphics
- Organisation chart
- Download
- Biomimetics
Positive result despite exceptional items
Positive result despite exceptional items
Repower posted an operating result (EBIT) of CHF 81 million in 2012, which was 38 per cent lower than the prior-year result. The result was affected by challenging market conditions on the one hand and exceptional items of around CHF 30 million on the other. Adjusted for exceptional items (CHF 110 million), the result was in line with expectations. Trading and sales in Switzerland and Italy made a positive contribution, as did the excellent generation figures for hydropower and wind power.
The exceptional items included an impairment on the small-scale power plants acquired under the Chlus project and value adjustments on receivables, notably from sales business in Italy. The financial result was negatively affected by currency factors and the detrimental impact of interest hedging totalling CHF 9 million. Group profit amounted to CHF 31 million (- 43%).