| 31.12.2015 | 31.12.2014 | |
|---|---|---|
| Tangible assets | 7,754 | - |
| Intangible assets | 115 | - |
| Other financial assets | - | 51,682 |
| Deferred tax assets | 25 | - |
| Inventories | 32 | - |
| Receivables | 415 | 6,341 |
| Accrued income and prepaid expenses | 96 | 4 |
| Cash and cash equivalents | 1,368 | 3,667 |
| Assets held for sale | 9,805 | 61,694 |
| Pension provisions | 519 | - |
| Other non-current provisions | - | 63 |
| Non-current financial liabilities | - | - |
| Current income tax liabilities | 121 | - |
| Current financial liabilities | 7,389 | 8,067 |
| Other current liabilities | 1,963 | 3,397 |
| Deferred income and accrued expenses | 833 | 1,126 |
| Liabilities held for sale | 10,825 | 12,653 |
Assets and liabilities held for sale with respect to Swissgrid
Disposal of the interests took place in July 2015. The convertible loan granted with respect of Swissgrid AG has been acquired by a consortium comprising Canton Graubünden, Elektrizitätswerk des Kantons Thurgau (EKT Holding AG), Kantonales Elektrizitätswerk Nidwalden and UBS Clean Energy Infrastructure Switzerland KGK. The Swissgrid AG shares and the convertible bond granted to Swissgrid AG, which are included in the Market Switzerland segment, have a carrying value of TCHF 51,682, and were sold for a purchase price of TCHF 58,999. Gains on disposal of TCHF 7,317 are recognised under financial income.
Assets and liabilities held for sale: SEI S.p.A.
SEI S.p.A. is developing a project to construct a coal-fired power plant in Saline Joniche. The owner strategy formulated by majority shareholder Canton Graubünden in 2013 does not foresee interests in coal-fired power plants. Repower will completely withdraw from the Saline Joniche project on a controlled basis while complying with the contractual obligations that are in place, and dispose of the project. The net assets of the disposal group came to TCHF -8,203 (previous year: TCHF -8,638) at 31 December 2015, and belong to the Market Italy segment. Translation gains for SEI S.p.A. contained in the Repower Group's equity amount to TCHF 2,587 (previous year: TCHF 1,261) for the Repower Group and TCHF 1,638 (previous year: TCHF 657) for the non-controlling interests.
Assets and liabilities held for sale: sales business in Germany
Disposal of the sales business in Germany took place in July 2015, and is described in Note 25. Sales in Germany is allocated to the Market Switzerland segment.
At 31 December 2014 the net assets came to TCHF 5,997, and the cumulative translation gains for the foreign unit came to TCHF 760.
Assets and liabilities held for sale: Connecta AG
In June 2015 Connecta AG and associated fully-consolidated assets and liabilities were classified as held for sale in the Market Switzerland segment. Connecta AG operates communications networks in Canton Graubünden, and is included in the Market Switzerland segment.
At 31 December 2015 its net assets came to TCHF 3,278.
Properties held for sale
In the 2015 financial year the administrative building in Ilanz was classified as held for sale; it is recognised under other segments and activities.
At 31 December 2015 its carrying value was TCHF 3,905.