- 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
Repower in the Bernina Pass
The Bernina Pass has always served as a bridge between North and South. People travel over the pass either by car or train, which has been declared a UNESCO world heritage site. And Repower has made it possible for electricity to make this same journey by laying a 380 kilovolt power line.
Outlook
We expect 2011 to be a difficult and extremely challenging year for the industry and thus also for Repower. Market uncertainties will continue and prices will remain relatively low. We also don't yet anticipate a sustained recovery of the euro. And we don't expect there to be any short-term clarification of the regulatory requirements. The same holds true for energy policy for which a reliable framework is still lacking in many countries. Against this background, we assume EBIT and profit will close out lower at the end of 2011 than in 2010. It must also be borne in mind that the special effects brought about by the income from the sale of a property in Samedan and the aurax electro ag will also be eliminated in 2011.
The current difficult conditions show, on the other hand, that we are well-positioned for the future with our strategy of clearly concentrating on selected key markets and consistently relying on our expertise as an integrated energy company.