- Annual Report
- Financial Report
- Consolidated Financial Statements of the Repower Group
- Comments on the consolidated financial statements
- Consolidated income statement
- Consolidated statement of comprehensive income
- Consolidated balance sheet
- Change in consolidated shareholders equity
- Consolidated cash flow statement
- Notes
- 1 Total operating revenue
- 2 Personnel expenses
- 3 Depreciation/amortisation and impairment
- 4 Financial result
- 5 Income taxes
- 6 Result per share
- 7 Tangible assets
- 8 Intangible assets
- 9 Disclosures of interests in other entities
- 10 Other financial assets
- 11 Inventories
- 12 Receivables
- 13 Securities and other financial instruments
- 14 Positive/negative replacement values for held-for-trading positions
- 15 Cash and cash equivalents
- 16 Share capital
- 17 Non-current financial liabilities
- 18 Pension fund obligation
- 19 Other provisions
- 20 Other non-current liabilities
- 21 Other current liabilities
- 22 Current financial liabilities
- 23 Information about net current assets for the cash flow statement
- 24 Transactions with related parties
- 25 Additional disclosures on financial instruments
- 26 Business combinations and disposals
- 27 Assets and liabilities held for sale
- 28 Segment reporting
- 29 Contingent liabilities and guarantee obligations
- 30 Obligations under leasing arrangements
- 31 Risk assessment
- 32 Events occurring after the balance sheet date
- Notes to the consolidated financial statements
- Report of the Auditors on the consolidated financial statements
- Financial Statements of Repower AG
- Report of the Auditors on the financial statements
- Consolidated Financial Statements of the Repower Group
- Graphics
- Organisation chart
- Archive
- Cooperation and Innovation
Overview
Overview
- The Repower Group's total operating revenue for 2013 amounted to CHF 2,365 million, a similar level to that of the previous year.
- As a result of extensive value adjustments to projects, existing plants both in Switzerland and abroad, and long-term procurement agreements, the Repower Group is reporting a 2013 operating result (EBIT) of negative CHF 150 million and a loss of CHF 152 million.
- Considered in light of the challenging environment, results before these value adjustments are favourable: adjusted EBIT was CHF 74 million (2012: CHF 112 million = - 34 %), adjusted profit was CHF 33 million (2012: CHF 51 million = - 35%).
- With an equity base of CHF 805 million (39 % equity ratio), Repower remains in a sound financial position. Moreover, the company has the broad foundation it needs thanks to an international presence and diversified activities along the entire value chain.
- The efficiency programme introduced at the beginning of 2013 yielded savings of CHF 7 million. The full effects of the programme will be felt for the first time in 2014, leading to annual cost reductions of around CHF 15 million.
- The total volume of electricity sold in 2013 rose by 7 per cent compared with the previous year. Gas business continues to increase in importance: the trading and sales volume for 2013 posted a 135 per cent increase compared to 2012.
- Thanks to its employees' extensive know-how, Repower made successful progress with innovative projects to develop the new business field “New Tech Business”. Examples include the “BeSmart” virtual power plant in cooperation with Swisscom, and the PALINA electric vehicle charging station.