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6 Equity

6 Equity
    31.12.2010 31.12.2011
  CHF thousands    
         
    Share capital 2,783,115 shares at a par value of CHF 1 per share 2,783 2,783
         
    Participation capital 625,000 participation certificates at a par value of CHF 1 per share 625 625
         
  Share capital 3,408 3,408
         
         
    Reserves for treasury shares 4,664 4,688
    Capital reserves 37,112 37,112
    Other legal reserves 15,164 15,164
    Other reserves 432,298 452,273
  Reserves 489,238 509,237
         
         
    Retained earnings carried forward 30,135 37,355
    Net income for the year 54,354 15,145
  Unappropriated retained earnings 84,489 52,500
         
  Equity 577,135 565,145

Share capital

Significant shareholders as defined by the Swiss Code of Obligations (OR) 663c (share of capital and voting rights):

Canton of Graub√ľnden 46.0%

Alpiq Holding AG, Olten 24.6%

EGL AG, Laufenburg 21.4%

Treasury shares Number of shares Average price in CHF Number of participation certificates Average price in CHF
At 31 December 2009 12,156   3,957  
Purchases 2,867 451 150 277
Disposals -2,867 437 - -
At 31 December 2010 12,156   4,107  
Purchases 60 462 - -
Disposals -60 501 - -
At 31 December 2011 12,156   4,107