31.12.2010 | 31.12.2011 | ||
---|---|---|---|
CHF thousands | |||
Prepayment received for transport rights | 54,291 | - | |
Other non-current liabilities | 2,491 | 2,237 | |
Total | 56,782 | 2,237 |
The Bernina line was partly financed by third parties. In return, these third parties were granted rights of use for the Bernina line. This liability was amortised through the provision of energy transport services. Energy transport services were provided on a pro rata basis throughout the line's useful life and the liabilities were reduced accordingly and brought to income over the same period.
With the enactment of the Electricity Supply Act (StromVG) and the expiry of the exemption for the Bernina line in 2011, the granting of transport rights became invalid and no longer applicable. Repower is of the opinion that there is no longer an obligation to fulfil. The reported liability of CHF 54 million was fully reversed and taken to income via net revenue.