- 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 Group companies
aurax electro ag, and TGK Skavica S.r.l. were sold and RE Energija d.o.o. in Ljubljana was dissolved during the financial year. The scope of consolidation was also expanded to include the Repower Wind companies Prettin/Lübbenau and the Repower GuD CURE companies in Germany and Elcomex EN S.r.l. in Romania. The stake in Energia Sud S.r.l. was increased from 67 % to 100 %.
Fully consolidated companies at 31 December 2010
| Company | Head office | Currency | Issued capital | Holding | Closing date | Purpose |
|---|---|---|---|---|---|---|
| 1) Ovra electrica Ferrera SA, Trun, is a power plant company in which the local community holds a 51 % stake. The Repower Group bears full operating responsibility for this company, and sells 100 % of the generated energy on the market. The Repower Group therefore exercises overall control, hence Ovra electrica Ferrera SA is fully consolidated. | ||||||
| a) Previously Rätia Energie AG | ||||||
| b) Previously Rätia Energie Klosters AG | ||||||
| c) Previously Rätia Energie Ilanz AG | ||||||
| d) Previously aurax ag | ||||||
| e) Previously RE Transportnetz AG | ||||||
| f) Previously Rätia Energie Immobilien AG | ||||||
| g) Previously aurax consulta AG | ||||||
| h) Previously RE Italia S.p.A. | ||||||
| i) Previously Rezia Energia Italia S.p.A. | ||||||
| j) Previously Dynameeting S.p.A. | ||||||
| k) Previously REI Produzione S.p.A. | ||||||
| l) Previously RE Trading CEE s.r.o. | ||||||
| m) Previously RE Enegie S.r.l. | ||||||
| n) Previously RE Magyarorszag kft. | ||||||
| o) Previously Raetia Energija d.o.o. Beograd | ||||||
| p) Previously Retia Energija DOOEL Skopje | ||||||
| q) Previously RE Energy Slovakia s.r.o. | ||||||
| r) Previously Raetia Energia Sp z.o.o. | ||||||
| s) Previously RE Energija d.o.o. Sarajevo | ||||||
| Repower AGa) | Poschiavo | CHF | 3,408,115 | - | 31.12. | H/G/E |
| Repower Klosters AGb) | Klosters | CHF | 16,000,000 | 99.88% | 31.12. | C/G |
| Repower Ilanz AGc) | Ilanz | CHF | 250,000 | 95.61% | 31.12. | C/G |
| aurax connecta ag | Ilanz | CHF | 100,000 | 95.61% | 31.12. | S |
| Repower Holding Surselva AGd) | Waltensburg | CHF | 5,000,000 | 95.61% | 31.12. | H |
| Ovra electrica Ferrera SA1) | Trun | CHF | 3,000,000 | 46.85% | 31.12. | G |
| Vulcanus Projekt AG | Poschiavo | CHF | 100,000 | 60.00% | 31.12. | PC |
| Repower Transportnetz AGe) | Poschiavo | CHF | 100,000 | 100.00% | 31.12. | GC |
| SWIBI AG | Landquart | CHF | 500,000 | 99.18% | 31.12. | S |
| Repower Immobilien AGf) | Poschiavo | CHF | 50,000 | 100.00% | 31.12. | RE |
| Repower Consulta AGg) | Ilanz | CHF | 700,000 | 95.61% | 31.12. | RE |
| Alvezza SA in Liquidation | Disentis | CHF | 500,000 | 59.28% | 31.12. | RE |
| Elbe Beteiligungs AG | Poschiavo | CHF | 1,000,000 | 100.00% | 31.12. | H |
| Elbe Finance Holding GmbH & Co KG | Dortmund | EUR | 25,000 | 100.00% | 31.12. | H |
| Elbe Finance Holding Verwaltungs – GmbH | Dortmund | EUR | 25,000 | 100.00% | 31.12. | H |
| Repower Deutschland GmbH | Dortmund | EUR | 25,000 | 100.00% | 31.12. | C |
| Repower Wind Holding GmbH | Dortmund | EUR | 25,000 | 100.00% | 31.12. | H |
| Repower Wind Prettin GmbH | Dortmund | EUR | 25,000 | 100.00% | 31.12. | G |
| Repower Wind Lübbenau GmbH | Dortmund | EUR | 25,000 | 100.00% | 31.12. | G |
| Repower GuD CURE Verwaltungs GmbH | Dortmund | EUR | 25,000 | 100.00% | 31.12. | H |
| Repower GuD CURE GmbH & Co. KG | Dortmund | EUR | 25,000 | 100.00% | 31.12. | PC |
| Repower Holding Italia S.p.A.h) | Milano | EUR | 10,000,000 | 100.00% | 31.12. | H |
| Repower Italia S.p.A.i) | Milano | EUR | 2,000,000 | 100.00% | 31.12. | E |
| Repower Vendita Italia S.p.A.j) | Milano | EUR | 4,000,000 | 100.00% | 31.12. | C |
| Repower Produzione Italia S.p.A.k) | Milano | EUR | 120,000 | 100.00% | 31.12. | H |
| SET S.p.A. | Milano | EUR | 120,000 | 61.00% | 31.12. | G |
| Energia Sud S.r.l. | Milano | EUR | 1,500,000 | 100.00% | 31.12. | G |
| RES S.p.A. | Milano | EUR | 120,000 | 51.00% | 31.12. | PC |
| SEA S.p.A. | Milano | EUR | 120,000 | 100.00% | 31.12. | PC |
| REC S.r.l. | Milano | EUR | 10,000 | 100.00% | 31.12. | PC |
| REN S.r.l. | Milano | EUR | 100,000 | 100.00% | 31.12. | PC |
| SEI S.p.A. | Milano | EUR | 120,000 | 57.50% | 31.12. | PC |
| Immobiliare Saline S.r.l. | Milano | EUR | 10,000 | 100.00% | 31.12. | RE |
| Repower Trading Česká republika s.r.o.l) | Prag | CZK | 3,000,000 | 100.00% | 31.12. | E |
| S.C. Repower Vanzari Romania S.R.L.m) | Bukarest | RON | 165,000 | 100.00% | 31.12. | E |
| Repower Magyarország Kft.n) | Budapest | HUF | 50,000,000 | 100.00% | 31.12. | E |
| Repower Serbia d.o.o. Beogrado) | Belgrad | EUR | 20,000 | 100.00% | 31.12. | E |
| Repower Macedonia DOOEL Skopjep) | Skopje | EUR | 20,000 | 100.00% | 31.12. | E |
| Repower Slovenskà republika s.r.o.q) | Bratislawa | EUR | 49,791 | 100.00% | 31.12. | E |
| Repower Polska Sp. z.o.o.r) | Warschau | PLN | 75,000 | 100.00% | 31.12. | E |
| Repower Adria d.o.os) | Sarajevo | BAM | 1,000,000 | 100.00% | 31.12. | E |
| RE Energija d.o.o | Zagreb | HRK | 366,000 | 100.00% | 31.12. | E |
| Elcomex EN S.r.l. | Bukarest | RON | 510,000 | 100.00% | 31.12. | E |
Key:
E Energy business
C Customer (supply/sales)
RE Real estate
GC Grid company
G Generation
H Holding or purchase rights
S Services
PC Project Company
Companies included according to the equity method at 31 December 2010
| Associates | Head office | Currency | Issued capital | Holding | Closing date | Purpose |
|---|---|---|---|---|---|---|
| 1) In the year under review, a 39 % interest in Aerochetto S.r.l. was acquired. (Note 6) | ||||||
| 2) Repower AG does not exercise control over this company as defined by IAS 27 due to contractual provisions. | ||||||
| EL.IT.E S.p.A. | Milan | EUR | 3,888,500 | 46.55% | 31.12. | GC |
| Rhiienergie AG | Tamins | CHF | 915,500 | 21.73% | 31.12. | C |
| Aerochetto S.r.l.1) | Catania | EUR | 2,000,000 | 39.00% | 31.12. | G |
| Partner plants | Head office | Currency | Issued capital / liability capital | Holding | Closing date | Purpose |
| Grischelectra AG | Chur | CHF | 1,000,000 (20% paid in) | 11.00% | 30.09. | H |
| AKEB Aktiengesellschaft für Kernenergie – Beteiligungen | Luzern | CHF | 90,000,000 | 7.00% | 30.09. | H |
| Kraftwerke Hinterrhein AG | Thusis | CHF | 100,000,000 | 6.50% | 30.09. | G |
| SüdWestStrom StadtKraftWerk Brunsbüttel GmbH & Co KG2) | Pinneberg | EUR | 4,000,000 | 51.00% | 31.12. | PC |
Key:
E Energy business
C Customer (supply/sales)
RE Real estate
GC Grid company
G Generation
H Holding or purchase rights
S Services
PC Project Company