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 |
|
|
|
|
|