- Annual Report
- At a Glance
- A journey through the world of Repower
- Public interest focuses on the energy industry
- Very good operating result – Uncertain conditions
- Market division: Repower in Romania
- Asset division: Green light for Lago Bianco
- Finance Division: Improved risk management
- Corporate Governance
- Basic principles
- Group structure and shareholders
- Capital structure
- Board of Directors
- Executive Board of the Repower Group
- Compensation, shareholdings and loans
- Shareholders' rights of participation
- Changes of control and defensive measures
- Auditors
- Supervision and control instruments vis-à-vis the auditors
- Information policy
- Board of Directors
- Executive Board
- Financial Report
- Consolidated Financial Statements Repower Group
- Comments on the consolidated financial statements
- 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 Prepaid expenses, accruals and deferred income
- 25 Transactions with related parties
- 26 Additional disclosures on financial instruments
- 27 Business combinations and disposals (IFRS 3)
- 28 Segment reporting – Group-wide information
- 29 Contingent liabilities and guarantee obligations
- 30 Obligations related to operating leases
- 31 Risk assessment
- 32 Events occurring after the balance sheet date
- Notes to the consolidated financial statements
- Report of the auditors, consolidated Financial Statements
- 2010 Financial Statements Repower AG
- Income statement
- Balance sheet
- Notes to the financial statements
- 1 Intangible assets
- 2 Financial assets
- 3 Receivables
- 4 Prepaid expenses and accrued income
- 5 Equity
- 6 Provisions
- 7 Non–current liabilities
- 8 Current liabilities
- Other information
- Disclosures in accordance with Art. 663bbis of the Swiss Code of Obligations
- Disclosures in accordance with Art. 663c of the Code of Obligations at 31 December of the financial year
- Appropriation of retained earnings
- Report of the Auditors, Financial Statements
- Consolidated Financial Statements Repower Group
- Grafics
- Download
Risk management expanded
We thus focused on further developing risk management and controlling in 2010, with key emphasis on systematic expansion and integration of risks from the gas trade, a new business activity for Repower, and the CO2 trade which Repower is pursuing more intensively. This work also resulted in a reorganisation of the division, combined with an increase in personnel.
Shareholding Management, IT and HR Development were spun off from the Finance Division in 2010 and now report directly to the CEO. The move proved efficient and effective.
Repower transacts more than 80 % of its business in euro. The extremely strong franc vis-à-vis the euro has had a significantly negative impact on margins. The balance sheet positions expressed in euro are also, of course, affected by revaluations. In the Treasury Unit we were able to considerably reduce the adverse effects by actively managing the foreign currency positions. In July Repower successfully placed a 2.375 % bond for CHF 115 million with a term of 12 years. It will be used for financing projects and developing new markets.