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25 Transactions with related parties

25 Transactions with related parties
CHF thousands        
                 
                 
Scope of transactions between the Group and related parties Energy sales2) Other income Energy procure- ment2) Other expenses
  2010 2011 2010 2011 2010 2011 2010 2011
Canton of Graubünden1) - - - - - - - -
Alpiq Group 435,070 365,415 - 188 431,260 404,314 - 364
Axpo Group 395,238 312,245 - 64 396,964 426,071 - 430
Main shareholders 830,308 677,660 - 252 828,224 830,385 - 794
                 
                 
Kraftwerke Hinterrhein AG 705 405 - - 4,459 3,982 - 38
Grischelectra AG - - - - 32,178 36,820 - -
AKEB Aktiengesellschaft für Kernenergie-Beteiligungen - - - - 16,948 16,545 - -
Rhiienergie AG, Tamins - - - - - - - -
EL.IT.E S.p.A. - - - - 2,688 2,354 - -
SüdWestStrom StadtKraftWerk Brunsbüttel GmbH & Co. KG - - - - - - - -
Aerochetto S.r.l. - 72 - - - - - -
Associates and partner plants 705 477 - - 56,273 59,701 - 38
Scope of transactions between the Group and related parties Receivables at 31 December Current liabilities at 31 December Other non- current liabilities at 31 December Active loans
  2010 2011 2010 2011 2010 2011 2010 2011
Canton of Graubünden1) 79 - 86 - - - - -
Alpiq Group 12,836 11,044 9,460 15,064 20,956 - - -
Axpo Group 6,588 7,402 2,074 8,625 12,650 - - -
Main shareholders 19,503 18,446 11,620 23,689 33,606 - - -
                 
                 
Kraftwerke Hinterrhein AG 324 389 1,668 3,506 - - - -
Grischelectra AG - - 5,909 1,820 - - - -
AKEB Aktiengesellschaft für Kernenergie-Beteiligungen - - - - - - - -
Rhiienergie AG, Tamins - - - - - - - -
EL.IT.E S.p.A. 7,706 372 - - - - - 6,552
SüdWestStrom StadtKraftWerk Brunsbüttel GmbH & Co. KG 269 - - - - - - -
Aerochetto S.r.l. 256 - - - - - - -
Associates and partner plants 8,555 761 7,577 5,326 - - - 6,552

On 31 December 2011 the positive replacement values totalled TCHF 4,549 for the Alpiq Group (previous year: TCHF 1,830) and TCHF 4,599 for the Axpo Group (previous year: TCHF 4,062). On 31 December 2011 the negative replacement values totalled TCHF 7,875 for the Alpiq Group (previous year: TCHF 12,851) and TCHF 6,111 for the Axpo Group (previous year: TCHF 654). Transactions with principal shareholders and associates are recorded at market prices. Energy deliveries of partner plants are recognised 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 figures stated for energy sales and energy procurement do not necessarily correlate to energy volumes.

Members of the Board of Directors and Executive Board

In 2010 and 2011 Repower paid the following compensation to members of the Board of Directors and Executive Board:

  2010 2011
CHF thousands    
     
Gross salaries (fixed) and compensation 2,950,537 2,843,959
Gross salaries (variable) 968,158 885,906
Expenses for retirement provision and other services 1,115,820 1,002,967
Total 5,034,515 4,732,832

Additional disclosures on compensation and shareholdings of Group governing bodies in accordance with the Swiss Code of Obligations are provided in the Notes to the financial statements of Repower AG.