| 25 Transactions with related parties TCHF | Energy sales2) | Energy procurement2) | Receivables at 31 December3) | Current liabilities at 31 December3) | Other non – current liabilities at 31 December | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2009 | 2010 | 2009 | 2010 | 2009 | 2010 | 2009 | 2010 | 2009 | 2010 | |
| Canton of Graubünden1) | 280 | - | - | - | 60 | 79 | - | 86 | - | - |
| Alpiq Holding AG | 289,613 | 435,070 | 217,967 | 431,260 | 6,815 | 12,836 | 15,442 | 9,460 | 21,703 | 20,956 |
| EGL AG | 240,847 | 395,238 | 233,026 | 396,964 | 4,342 | 6,588 | 2,408 | 2,074 | 13,004 | 12,650 |
| Main shareholders | 530,740 | 830,308 | 450,993 | 828,224 | 11,217 | 19,503 | 17,850 | 11,620 | 34,707 | 33,606 |
| Kraftwerke Hinterrhein AG | 704 | 705 | 4,426 | 4,459 | 392 | 324 | 661 | 1,668 | - | - |
| Grischelectra AG | - | - | 42,199 | 32,178 | - | - | 6,221 | 5,909 | - | - |
| AKEB Aktiengesellschaft für Kernenergie – Beteiligungen | - | - | 17,021 | 16,948 | - | - | - | - | - | - |
| Rhiienergie AG, Tamins | - | - | 1 | - | - | - | - | - | - | - |
| EL.IT.E S.p.A. | - | - | 707 | 2,688 | 669 | 7,706 | - | - | - | - |
| SüdWestStrom StadtKraftWerk Brunsbüttel GmbH | - | - | - | - | - | 269 | - | - | - | - |
| Aerochetto S.r.l. | - | - | - | - | - | 256 | - | - | - | - |
| Associates and partner plants | 704 | 705 | 64,354 | 56,274 | 1,061 | 8,555 | 6,882 | 7,577 | - | - |
On 31 December 2010 the positive replacement values totalled TCHF 1,830 (previous year: TCHF 7,023) for the Alpiq Group and TCHF 4,062 (previous year: none) for the Axpo Group. On 31 December 2010 the negative replacement values totalled TCHF 12,851 (previous year: TCHF 10,436) for the Alpiq Group and TCHF 654 (previous year: TCHF 4,816) for the Axpo Group. Transactions with principal shareholders and associates are recorded at market prices. Energy transactions with partner plants are recorded at annual costs.
1) In its role as shareholder, the canton of Graubünden constitutes a related party. However, acts of jurisdiction (levying of taxes, licence fees, charges, etc.) are carried out on a legal basis and are therefore not recognised under transactions with related parties. Significant energy transactions with the canton of Graubünden are conducted via Grischelectra AG, which is listed above as a related party.
2) The energy sales and energy procurement stated are gross figures.
3) The receivables and liabilities have been partially offset (Notes 13 and 22).
In 2010 the Board of Directors received compensation amounting to TCHF 709 (previous year: TCHF 738). TCHF 184 was paid to a member of the Board of Directors for additional services rendered (previous year: TCHF 50). On 1 January 2010 the size of the Executive Board was increased to include two additional two members. Thus, the Executive Board in the year under review for the first time consisted of six persons. Compensation paid to the Executive Board, including all social and supplementary benefits, amounted to TCHF 4,141 (previous year: TCHF 2,702). No loans, securities, advances or credits exist for members of the Board of Directors or the Executive Board. No severance payments were made. In the 2007 financial year, a profit-sharing model was introduced for members of the Executive Board. Between 2007 and 2009 this resulted in bonus payments of TCHF 239. Based on the accumulated results up to 31 December 2010, there are obligations of TCHF 134 (previous year: TCHF 239) arising from this profit-sharing model, which were accrued in the financial statements in the respective period. In 2010 TCHF 42 was paid to former Executive Board members in connection with their former activities. The compensation disclosure requirements of the Swiss Code of Obligations have been taken into consideration in the Notes to the Repower AG financial statements.