- Annual Report
- Overview
- Foreword from the Chairman of the Board of Directors and CEO
- Market Switzerland
- Market Italy
- Other segments and activities
- Sustainability
- Corporate governance
- Basic principles
- Group structure and shareholders
- Board of Directors
- Executive Board of the Repower Group
- Shareholders' rights of participation
- Change of control and defensive measures
- Auditor
- Information policy
- Implementation of the Ordinance against Excessive Compensation in Listed Stock Companies
- Events after the balance sheet date
- Board of Directors
- Executive Board
- Compensation 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
- Changes 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 (IFRS 12)
- 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 current liabilities
- 21 Current financial liabilities
- 22 Information about net current assets for the cash flow statement
- 23 Transactions with related parties
- 24 Additional disclosures on financial instruments
- 25 Business combinations, disposals and liquidations
- 26 Assets and liabilities held for sale
- 27 Segment reporting
- 28 Contingent liabilities and warranty liabilities
- 29 Obligations under leasing arrangements
- 30 Risk assessment
- 31 Events occurring after the balance sheet date
- Notes to the consolidated financial statements
- Consolidated accounting principles
- Summary of accounting and valuation principles
- Consolidation
- Accounting and valuation principles
- Capital and enterprise value management
- Risk management and financial risk management
- Estimation uncertainty
- Report of the Auditors on the consolidated financial statements
- Financial Statements of Repower AG
- Consolidated Financial Statements of the Repower Group
- Graphics
- Organisation Chart
- Archive
- Hydropower
Other segments and activities
Creating a supportive marketplace
All eyes are on energy policy, both in Switzerland and internationally. But if over-regulation is not to put hydropower in the shade, the political debate on the future of energy cannot afford to ignore market mechanisms.
Germany
In 2014 Repower prepared to withdraw from the retail sales business in Germany. In persistently challenging conditions, the company saw no prospect of posting positive results in the coming years operating as an innovative but small niche player on the German market. Continued customer care is assured, and energy deliveries and contracts will be performed at the agreed terms. The decision to withdraw from Germany does not affect the Leverkusen power generation project, Repower's two wind farms in Prettin (Saxony-Anhalt) and Lübbenau (Brandenburg), the wholesale business with energy suppliers and industrial customers (which is run from Switzerland) or trading on the German market.
The project to build a combined-cycle gas turbine (CCGT) plant in Leverkusen made further progress in the year under review. In March Repower selected the GE/Iberdrola consortium as the preferred bidder for the supply and construction of the plant. The relevant contracts were signed around new year. Planning continues.
The combined heat and power (CHP) plant will generate electricity and steam for the industrial facilities at the CHEMPARK chemical industry site in Leverkusen. The highly efficient facility will play an important role in the future of energy and efforts to meet the German federal government's carbon reduction and energy efficiency targets.