| 31.12.2013 | 31.12.2012 | |
|---|---|---|
| Share capital 2,783,115 shares at a par value of 1 CHF per share | 2,783 | 2,783 |
| Participation capital 625,000 participation certificates at a par value of 1 CHF per share | 625 | 625 |
| Share capital | 3,408 | 3,408 |
| Reserves for treasury shares | 3,667 | 4,688 |
| Capital reserves | 26,674 | 35,153 |
| Other legal reserves | 17,123 | 17,123 |
| Other reserves | 498,294 | 477,273 |
| Reserves | 545,758 | 534,237 |
| Retained earnings carried forward | 11,647 | 10,541 |
| Net income for the year | 66,571 | 21,107 |
| Retained earnings | 78,218 | 31,648 |
| Equity | 627,384 | 569,293 |
Share capital
Significant shareholders as defined by the Swiss Code of Obligations (OR) 663 c (share of capital and voting rights):
| 31.12.2013 | 31.12.2012 | |
|---|---|---|
| Canton of Graubünden | 58.30% | 46.00% |
| Alpiq AG, Olten | 0.00% | 24.60% |
| Axpo Holding AG, Baden | 33.70% | 0.00% |
| Axpo Trading AG, Dietikon | 0.00% | 21.40% |
In the 2013 financial year, the Canton of Graubünden and Axpo Trading AG each acquired half of the shares held by Alpiq AG. Axpo Trading AG transferred its shares in Repower AG to Axpo Holding AG.
Treasury shares
| Number of shares | Average price in CHF | Number of participation certificates | Average price in CHF | |
|---|---|---|---|---|
| Values at 31 December 2011 | 12,156 | 4,107 | ||
| Purchases | - | - | - | - |
| Disposals | - | - | - | - |
| Values at 31 December 2012 | 12,156 | 4,107 | ||
| Purchases | - | - | - | - |
| Disposals | -1,393 | 164 | -2,007 | 109 |
| Treasury shares exchange | -379 | 171 | - | - |
| Values at 31 December 2013 | 10,384 | 2,100 |
In the reporting year, 9 registered shares of Repower Holding Surselva AG were exchanged for 146 shares, and 100 registered shares of Repower Klosters AG were exchanged for 233 shares. A total of 379 shares were thus exchanged.