Other Information

Non-current assets

The fire insurance value for property is CHF 56 million (previous year: CHF 56 million).

An additional property insurance policy covers all the relevant risks of the Repower Group's Swiss companies. The insurance covers the value of property, plant and equipment excluding real estate and land to the value of CHF 1,066 million (previous year: CHF 1,156 million).

Investments

The table on pages 87 to 92 of the consolidated financial statements summarises the main interests held directly or indirectly by Repower AG.

Provision policy

Risks related to delivery and sales contracts are regularly assessed in line with market developments and the necessary provisions recognised or adjusted in profit or loss.

Net release of hidden reserves

In the reporting year, pre-tax income was improved by releasing hidden reserves in the amount of CHF 39.4 million (previous year: CHF 7 million).

Sureties, guarantee obligations and pledges in favour of third parties

Joint liability for VAT Group taxation with Repower Klosters AG, Repower Immobilien AG, Repower Holding Surselva AG, aurax connecta ag, Repower Consulta AG, Repower Ilanz AG, SWIBI AG, Vulcanus Projekt AG, Elbe Beteiligungs AG, Lagobianco SA, Repartner Produktions AG and Ovra electrica Ferrera SA.

To the benefit of group companies, letters of intent and financing agreements amounting to EUR 258 million (equivalent to CHF 317 million) were concluded (previous year: EUR 336 million, equivalent to CHF 406 million). Recognised lease liabilities totalled TCHF 379 (previous year: TCHF 697).

No other sureties, guarantee obligations or pledge agreements exist.

Information on the risk assessment process and related measures

Repower AG is fully integrated in the risk assessment and management process at Group level. The main risks relevant for Repower AG are directly incorporated at Group level in the Group-wide risk management process, where they are comprehensively managed, controlled and monitored. Explanations on risk assessment at Group level are provided in the Notes to the consolidated financial statements on pages 69 to 73.

These financial statements were drawn up using the transitional provisions for the new accounting law pursuant to the provisions of the Swiss Code of Obligations for bookkeeping and accounting which were valid until 31 December 2012.

1) The compensation amount includes a Board of Directors fee and meeting expenses.

2) In line with the instructions of the members of the Board of Directors concerned, the total compensation or Board of Directors fee is transferred to the members' employer.

In the 2007 financial year, a profit-sharing model was introduced for members of the Executive Board which led to the first bonus payments in 2010. The model is explained in the Corporate Governance section of the Annual Report. At 31 December 2013 there are no obligations arising from the profit-sharing model (previous year: none). In the 2013 financial year, payments in kind for car allowances were paid to members of the Executive Board in the amount of TCHF 57 (previous year: TCHF 44). These positions are reported in the category “gross salaries (fixed)”.

No other compensation or loans exist in accordance with Art. 663bbis of the Code of Obligations.Disclosures in accordance with Art. 663c of the Code of Obligations at 31 December of the financial year:

There are no other factors requiring disclosure under the terms of Arts. 663b and 633c of the Code of Obligations.