- Annual Report
- Financial Report
- Consolidated Financial Statements of the Repower Group
- Comments on the consolidated financial statements of the Repower Group
- 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 Information about net current assets
- 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 Segment reporting Group-wide information
- 31 Contingent liabilities and guarantee obligations
- 32 Obligations under leasing arrangements
- 33 Risk assessment
- 34 Events occurring after the balance sheet date
- Notes to the consolidated financial statements
- Report of the Auditors to the consolidated financial statements
- Financial Statements of Repower AG
- Appropriation of retained earnings
- Report of the Auditors
- Consolidated Financial Statements of the Repower Group
- Graphics
- Organisation chart
- Download
- Biomimetics
Less revenue in trading
Less revenue in trading
In the year under review, the Repower Group generated total operating revenue of CHF 2,372 million, which was slightly below the previous year (-6%). Trading volume in electricity was much lower year-on-year (-25%), which can be mainly attributed to weaker activity in short-term trading. Gas trading volume, in contrast, increased to 469 million cubic meters (+7%). Cross-border transport capacities for electricity and gas were also profitable thanks to proactive management. Solid revenues were generated in trading with guarantees of origin. By contrast, activities in CO₂ trading were mainly restricted to managing internal requirements for the gas-fired combined cycle power plant in Teverola as a result of the low price level. The trade experts successfully exploited the few opportunities that existed and achieved attractive margins under the given circumstances.
The sales volume in electricity increased slightly by 1.7 per cent to 6,522 gigawatt hours. Higher sales in the German, Romanian and Swiss markets stands in contrast to a slight decline in electricity sales volume in Italy. Repower successfully optimised its customer portfolio in the German and Romanian sales markets. Gas business performed well: in Italy, the volume sold increased year-on-year by 12 per cent to 170 million cubic meters.