34 Events occurring after the balance sheet date

Efficiency programme

On 23 January 2013, Repower informed about an efficiency programme which will focus on adjusting the company structure, reviewing the project portfolio and introducing cost-cutting measures. These measures have no impact on the 2012 financial year.

Smart energy systems integration

In a joint press release on 29 January 2013, Repower and Swisscom announced that Repower would acquire a 35 per cent stake in Swisscom Energy Solutions AG. The goal is to develop innovative solutions to enable electricity consumption to be managed sustainably and intelligently. This stake has no impact on the 2012 financial year.

Approval of consolidated financial statements

On 27 March 2013 the Board of Directors approved the consolidated financial statements for publication. This is subject to the approval of the Annual General Meeting, which takes place on 15 May 2013.