Consolidated Financial Statements of the Repower Group

Changes in consolidated shareholders’ equity

 

Share capital

Participa- tion capital

Treasury shares

Capital reserves

Retained earnings

Actuarial profit/loss from pension plans

Accu- mulated translation differences

Shareholders’ equity excluding minorities

Minorities

Total share- holders’ equity

CHF thousand

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity at 1 January 2016 according to IFRS

2,783

625

623,265

–3,584

–55,283

567,806

32,063

599,869

 

 

 

 

 

 

 

 

 

 

 

Change in accounting policies and estimates

 

 

 

37,893

–126,633

3,584

55,283

–29,873

–9,783

–39,656

Equity at 1 January 2016 according to Swiss GAAP FER

2,783

625

37,893

496,632

537,933

22,280

560,213

 

 

 

 

 

 

 

 

 

 

 

Group earnings

 

 

 

 

–4,222

 

 

–4,222

3,201

–1,021

Effect of currency translation

 

 

 

 

 

 

–1,502

–1,502

281

–1,221

Refund of unclaimed dividends

 

 

 

1

8

 

 

9

 

9

Dividends

 

 

 

 

 

 

 

–275

–275

Capital increase

3,983

 

 

167,280

 

 

 

171,263

 

171,263

Transaction costs of capital increase

 

 

 

–3,183

 

 

 

–3,183

 

–3,183

Purchase/sale of treasury shares

 

 

–21

7

 

 

–14

 

–14

Conversion of participation capital into share capital

625

–625

 

 

 

 

 

 

Changes in consolidation

 

 

 

 

–292

 

292

–177

–177

Purchase/sale of minorities

 

 

 

 

–917

 

561

–356

2,269

1,913

Capital increase at minorities

 

 

 

 

–40

 

 

–40

9,468

9,428

Equity at 31 December 2016 according to Swiss GAAP FER

7,391

–21

201,998

491,169

–649

699,888

37,047

736,935

 

Share capital

Participa- tion capital

Treasury shares

Capital reserves

Retained earnings

Actuarial profit/loss from pension plans

Accu- mulated translation differences

Shareholders’ equity excluding minorities

Minorities

Total share- holders’ equity

CHF thousand

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity at 1 January 2017 according to Swiss GAAP FER

7,391

–21

201,998

491,169

–649

699,888

37,047

736,935

 

 

 

 

 

 

 

 

 

 

 

Group earnings

 

 

 

 

17,632

 

 

17,632

2,367

19,999

Effect of currency translation

 

 

 

 

 

 

6,134

6,134

1,183

7,317

Dividends

 

 

 

 

 

 

 

–552

–552

Purchase/sale of treasury shares

 

 

6

6

 

 

 

12

 

12

Changes in consolidation

 

 

 

 

–19

 

19

 

Purchase/sale of minorities

 

 

 

 

2,843

 

–6

2,837

2,908

5,745

Equity at 31 December 2017 according to Swiss GAAP FER

7,391

–15

202,004

511,625

5,498

726,503

42,953

769,456

Since the beginning of 2017 the consolidated financial statements have been prepared in accordance with Swiss GAAP FER. The comparative figures were adjusted retroactively to reflect the change to Swiss GAAP FER.

At 1 January 2016 Repower’s issued capital comprised 2,783,115 bearer shares and 625,000 participation certificates each with a nominal value of CHF 1.00. In the first half of 2016 the existing bearer shares and participation certificates were converted into 3,408,115 registered shares, also with a nominal value of CHF 1, on a one-for-one basis. In the second half of the year a rights issue was held to increase the capital by issuing 3,982,853 new, fully paid-up registered shares with a nominal value of CHF 1; the capital increase generated gross proceeds of TCHF 171,263. Since then the share capital has consisted of 7,390,968 fully paid-up registered shares, each with a nominal value of CHF 1.00.