- 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
Repower Group companies
Repower Group companies
In the year under review, RES S.p.A. and Prodomo d.o.o. were sold and removed from the scope of consolidation (Note 27). Repower also sold 6 per cent of its shares in Repartner Produktions AG, as a result of which its stake in Repower Wind Deutschland GmbH, Repower Wind Prettin GmbH and Repower Wind Lübbenau GmbH also reduced from 65 per cent to 59 per cent.
The increase in the share capital of Repower Holding Italia S.p.A. is the result of the shares in SET S.p.A. contributed to the company by Repower AG (capital increase by contribution in kind). From a consolidated standpoint, this intragroup transaction has no impact on the financial statements of the Repower Group.
Fully consolidated companies at 31 December 2012
| Company | Head office | Currency | Issued capital | Holding | Closing date | Purpose |
|---|---|---|---|---|---|---|
| Repower AG | Poschiavo | CHF | 3,408,115 | - | 31.12. | H/G/E |
| Repower Klosters AG | Klosters | CHF | 16,000,000 | 99.88% | 31.12. | C/G |
| Repower Ilanz AG | Ilanz | CHF | 250,000 | 95.63% | 31.12. | C/G |
| aurax connecta ag | Ilanz | CHF | 100,000 | 95.63% | 31.12. | S |
| Repower Holding Surselva AG | Waltensburg | CHF | 5,000,000 | 95.63% | 31.12. | H |
| Ovra electrica Ferrera SA1) | Trun | CHF | 3,000,000 | 46.86% | 31.12. | G |
| Vulcanus Projekt AG | Poschiavo | CHF | 100,000 | 60.00% | 31.12. | PC |
| Repower Transportnetz AG | Poschiavo | CHF | 100,000 | 100.00% | 31.12. | GC |
| SWIBI AG | Landquart | CHF | 500,000 | 99.18% | 31.12. | S |
| Repower Immobilien AG | Poschiavo | CHF | 50,000 | 100.00% | 31.12. | RE |
| Repower Consulta AG | Ilanz | CHF | 700,000 | 95.63% | 31.12. | RE |
| Alvezza SA in liquidation | Disentis | CHF | 500,000 | 59.29% | 31.12. | RE |
| Elbe Beteiligungs AG | Poschiavo | CHF | 1,000,000 | 100.00% | 31.12. | H |
| Lagobianco SA | Poschiavo | CHF | 1,000,000 | 100.00% | 31.12. | PC |
| Repartner Produktions AG | Poschiavo | CHF | 20,000,000 | 59.00% | 31.12. | G/ PC |
| Elbe Finance Holding GmbH & Co KG | Dortmund | EUR | 25,000 | 100.00% | 31.12. | H |
| Elbe Finance Holding Verwaltungs-GmbH | Dortmund | EUR | 25,000 | 100.00% | 31.12. | H |
| Repower Deutschland GmbH | Dortmund | EUR | 25,000 | 100.00% | 31.12. | C |
| Repower Wind Deutschland GmbH | Dortmund | EUR | 25,000 | 59.00% | 31.12. | H |
| Repower Wind Prettin GmbH | Dortmund | EUR | 25,000 | 59.00% | 31.12. | G |
| Repower Wind Lübbenau GmbH | Dortmund | EUR | 25,000 | 59.00% | 31.12. | G |
| Company | Head office | Currency | Issued capital | Holding | Closing date | Purpose |
| Repower GuD Leverkusen Verwaltungs-GmbH2) | Dortmund | EUR | 25,000 | 100.00% | 31.12. | H |
| Repower GuD Leverkusen GmbH & Co. KG3) | Dortmund | EUR | 25,000 | 100.00% | 31.12. | PC |
| Repower Holding Italia S.p.A. | Milan | EUR | 46,002,568 | 100.00% | 31.12. | H |
| Repower Italia S.p.A. | Milan | EUR | 2,000,000 | 100.00% | 31.12. | E |
| Repower Vendita Italia S.p.A. | Milan | EUR | 4,000,000 | 100.00% | 31.12. | C |
| Repower Produzione Italia S.p.A. | Milan | EUR | 120,000 | 100.00% | 31.12. | H |
| SET S.p.A. | Milan | EUR | 120,000 | 61.00% | 31.12. | G |
| Energia Sud S.r.l.. | Milan | EUR | 1,500,000 | 100.00% | 31.12. | G |
| SEA S.p.A. | Milan | EUR | 120,000 | 100.00% | 31.12. | PC |
| REC S.r.l. | Milan | EUR | 10,000 | 100.00% | 31.12. | PC |
| MERA S.r.l.4) | Milan | EUR | 100,000 | 100.00% | 31.12. | PC |
| SEI S.p.A. | Milan | EUR | 120,000 | 57.50% | 31.12. | PC |
| Immobiliare Saline S.r.l. | Milan | EUR | 10,000 | 100.00% | 31.12. | RE |
| REV S.r.l. | Milan | EUR | 10,000 | 100.00% | 31.12. | S |
| Forze Motrici Pistoia S.r.l.5) | Milan | EUR | 50,000 | 100.00% | 31.12. | H |
| Energia Eolica Pontremoli S.r.l. | Milan | EUR | 50,000 | 100.00% | 31.12. | PC |
| Repower Trading Česká republika s.r.o. | Prague | CZK | 3,000,000 | 100.00% | 31.12. | E |
| S.C. Repower Vanzari Romania S.R.L. | Bucharest | RON | 165,000 | 100.00% | 31.12. | E |
| Repower Magyarország Kft. | Budapest | HUF | 50,000,000 | 100.00% | 31.12. | E |
| Repower Serbia d.o.o. Beograd | Belgrade | EUR | 20,000 | 100.00% | 31.12. | E |
| Repower Macedonia DOOEL Skopje | Skopje | EUR | 19,970 | 100.00% | 31.12. | E |
| Repower Slovenskà republika s.r.o. | Bratislava | EUR | 49,791 | 100.00% | 31.12. | E |
| Repower Polska Sp. z.o.o. | Warsaw | PLN | 75,000 | 100.00% | 31.12. | E |
| Repower Adria d.o.o | Sarajevo | BAM | 1,000,000 | 100.00% | 31.12. | E |
| Repower Hrvatska d.o.o.6) | Zagreb | HRK | 366,000 | 100.00% | 31.12. | E |
| Repower Furnizare România S.r.l. | Bucharest | RON | 510,000 | 100.00% | 31.12. | E |
1)Ovra electrica Ferrera SA, Trun, is a power plant company in which the local community holds a 51 % stake. The Repower Group bears full operating responsibility for this company, and sells 100 % of the genereted energy on the market. The Repower Group therefore exercises overall control, hence Ovra electrica Ferrera SA is fully consolidated.
2)Formerly Repower GuD CURE Verwaltungs GmbH
3) Formerly Repower GuD CURE GmbH & Co. KG
4) Formerly REN S.r.l.
5) Formerly 3M Progetti S.r.l.
6) Formerly RE Energija d.o.o
Key:
E Energy business C Customers (supply/sales) RE Real estate GC Grid company
G Generation H Holding or purchase rights S Services PC Project company
Companies included according to the equity method at 31 December 2012
| Associates | Head office | Currency | Issued capital | Holding | Closing date | Purpose |
|---|---|---|---|---|---|---|
| EL.IT.E. S.p.A. | Milan | EUR | 3,888,500 | 46.55% | 31.12. | GC |
| Rhiienergie AG | Tamins | CHF | 915,000 | 21.73% | 31.12. | C |
| Aerochetto S.r.l. | Catania | EUR | 2,000,000 | 39.00% | 31.12. | G |
| Partner plants | Head office | Currency | Issued capital | Holding | Closing date | Purpose |
| Grischelectra AG | Chur | CHF | 1,000,000 (20 % paid in) | 11.00% | 30.09. | H |
| AKEB Aktiengesellschaft für Kernenergie-Beteiligungen | Luzern | CHF | 90,000,000 | 7.00% | 31.12. | H |
| Kraftwerke Hinterrhein AG | Thusis | CHF | 100,000,000 | 6.50% | 30.09. | G |
In the 2012 financial year, all shares in the partner plant project company SüdWestStrom StadtKraftWerk Brunsbüttel GmbH & Co. KG, corresponding to a stake of 36 per cent, were sold. The company has been deconsolidated.
Key:
E Energy business C Customers (supply/sales) RE Real estate GC Grid company
G Generation B Holding or purchase rights S Services PC Project company