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6 Investments in associates and partner plants

6 Investments in associates and partner plants
    2011 2012
  CHF thousands    
       
  Carrying amounts at 1 January 51,784 40,004
  Investments (equity increase / acquisition of holdings) 1,550 332
  Disposals -2,940 -
  Dividends -337 -260
  Effect of currency translations -401 -79
  Share of the result -2,687 504
  Impairment -6,965 -
  Carrying amounts at 31 December 40,004 40,501

In the 2012 financial year, all shares in the project company SüdWestStrom StadtKraftWerk Brunsbüttel GmbH & Co. KG, headquartered in Pinneberg, were sold. The resulting gain amounting to TCHF 569 and cash inflow of TCHF 241 is reported under other operating income and cash flow from investing activities. The previous year, Repower initially reduced its stake in the project company from 51 per cent to 36 per cent, resulting in income of TCHF 808 that was also recorded under “Other operating income”. The transaction resulted in a cash inflow of TCHF3,739. Since the Brunsbüttel project was not considered realisable in the foreseeable future, an unscheduled depreciation was carried out for the project stake to zero. This impairment represents an amount of TCHF 6,965 which was reported in the statement of comprehensive income in the share of results from associates and partner plants. Cumulative gains on the partial disposal in the previous year and the full disposal in the current year were transferred to the income statement in the amount of TCHF 22 and TCHF 310 respectively.

Key figures for associates 2011 Gross values 2012 Gross values 2011 Repower share 2012 Repower share
         
Assets 142,514 133,584 52,377 48,902
Financial liabilities -80,724 -72,996 -32,492 -29,289
Other liabilities -12,326 -11,528 -3,543 -3,263
Income 29,963 30,356 9,578 9,792
Expenses -35,488 -31,280 -11,424 -10,000
Profit/loss -5,525 -924 -1,846 -208
         
Key figures for partner plants 2011 Gross values 2012 Gross values 2011 Repower share 2012 Repower share
         
Non-current assets 843,336 865,059 55,304 58,682
Current assets 131,055 119,924 10,014 8,424
Non-current financial liabilities -435,000 -405,000 -29,425 -27,150
Other non-current liabilities -83,062 -82,847 -5,816 -5,799
Current financial liabilities -23,371 -75,000 -1,561 -5,200
Other current liabilities -67,181 -68,721 -4,854 -4,806
Income 374,163 371,292 27,294 27,086
Expenses -382,399 -360,954 -28,135 -26,374
Profit/loss -8,236 10,338 -841 712