- Annual Report
- Financial Report
- Consolidated Financial Statements of the Repower Group
- Comments on the consolidated financial statements
- Consolidated statements of comprehensive income
- Consolidated balance sheet
- Changes in consolidated equity
- Consolidated cash flow statement
- Note
- 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
- 28 Assets and liabilities held for sale
- 29 Impairment of assets
- 30 Correction to prior-year figures
- 31 Segment reporting - Group-wide information
- 32 Contingent liabilities and guarantee obligations
- 33 Obligations related to operating leases
- 34 Risk assessment
- 35 Events occurring after the balance sheet date
- Notes to the consolidated financial statements
- Report of the Group auditors
- Financial Statements of Repower AG
- Income statement
- Balance sheet
- Notes
- 1 Depreciation and amortisation
- 2 Intangible assets
- 3 Financial assets
- 4 Receivables
- 5 Prepaid expenses and accrued income
- 6 Equity
- 7 Provisions
- 8 Non-current liabilities
- 9 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
- Consolidated Financial Statements of the Repower Group
- Graphics
- Organisation chart
- Download
Integrated business model in four key marktes
Integrated business model in four key markets
Repower's business model is based on activities along the entire value chain. The company is represented on the most important European energy exchanges via a trading floor with three locations, sells electricity and gas and also has its own power generation portfolio with a focus on gas, hydroelectric and wind power. In addition, in Switzerland Repower operates an intricate distribution grid. Repower is active in four key markets: Switzerland, Italy, Germany and Romania. It is in these markets that we plan to build or expand our integrated business model. The goal is to underpin trading and sales activities with our own generating facilities in all key markets. This is why we are preparing to develop our own generating capacities in Romania, as well. The following two-page spread provides an overview of our diverse activities with highlights from sales, power generation and in the grid (Switzerland).Energy trading provides the market interface for power generation and sales and ensures access to the wholesale market. Through its own trading activities, Repower is in a position to optimise the value of its assets and actively manage market risks. Trading also plays a buffer role, by dampening volatility of costs and revenues. Repower trades in electricity and gas as well as guarantees of origin. As well as managing its own portfolio (asset-based trading), the company is increasingly involved in proprietary trading. Revenue-relevant total volume of trading activities equals the total volume of Repower's portfolio, i.e. an average of approximately nineteen terawatt hours a year.
Trading activities cross national boundaries. Different markets are covered by each of the three locations Poschiavo, Milan and Prague. The facing page provides an overview of Repower's trading highlights for 2011.
Repower's annual sales of electricity are in the range of nineteen terawatt hours. Of this amount, approximately 6.5 terawatt hours (34 %) are sold via distribution. On the procurement side, the share of own generation and energy from participations in 2011 amounted to approximately 3.3 terawatt hours, which corresponds to eighteen per cent of total electricity turnover.