- 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
Consolidated Financial Statements of the Repower Group
Consolidated cash flow statement
| 2014 | 2013 | ||
|---|---|---|---|
| Note | |||
| Operating activities | |||
| Group profit including minority interests | -32,573 | -152,199 | |
| Currency translation reclassified into profit or loss statement | 25 | 7,590 | - |
| Depreciation/amortisation and impairment | 7/8 | 50,645 | 224,238 |
| Impairment of non-current assets held for sale | 26 | - | 11,663 |
| Impairment of prepayments of certificates of origin and of long term power purchases | 10 | - | 50,193 |
| Impairment of investments in associates | 9 | 1,782 | - |
| Own costs capitalised | 7/8 | -7,291 | -14,842 |
| Change in pension provisions | 18 | -2,708 | -7,669 |
| Change in other long term provisions | 19 | 6,218 | -373 |
| Compound interest from non-current liabilities | 1,458 | 1,028 | |
| Share of results of associates | 9 | 4,685 | 2,654 |
| Other income and expenses not affecting cash | 16,336 | -2,472 | |
| Change in deferred taxes | 5 | -2,680 | -31,477 |
| Dividends from associates and partner plants | 9 | 652 | 664 |
| Change in net-current assets | 22 | 37,763 | -12,154 |
| Cash flow from operating activities | 81,877 | 69,254 | |
| Investing activities | |||
| Additions of tangible assets | 7 | -20,002 | -48,980 |
| Sales of tangible assets | 2,182 | 1,797 | |
| Additions of intangible assets | 8 | -2,624 | -2,310 |
| Additions of investments in associates | 9 | -3,423 | -1,741 |
| Granting of active loans | -4,500 | - | |
| Repayments of non current financial assets | 5,200 | 23,663 | |
| Additions of current financial assets | 13 | -156,948 | - |
| Cash flow from investing activities | -180,115 | -27,571 |
The notes are an integral part of these consolidated financial statements.
| 2014 | 2013 | ||
|---|---|---|---|
| Note | |||
| Financing activities | |||
| Additions to financial liabilities | 17/21 | 97,155 | 5,282 |
| Repayment of financial liabilities | 17/21 | -13,665 | -25,373 |
| Dividend payments | -7,618 | -9,126 | |
| Sale of treasury shares | 1,414 | 446 | |
| Purchase/sale of minority interests | 9 | -190 | -1,412 |
| Capital increase done by minority interests | 318 | - | |
| Cash flow from financing activities | 77,414 | -30,183 | |
| Translation differences | -1,539 | 546 | |
| Change in cash and cash equivalents | -22,363 | 12,046 | |
| Cash and cash equivalents at 1 January | 15 | 273,064 | 261,018 |
| Cash and cash equivalents at 31 Dezember | 15 | 250,701 | 273,064 |
| Cash flow from operating activities covers: | |||
| Interest received | 2,620 | 2,675 | |
| Interest paid | -16,741 | -15,358 | |
| Income taxes paid | -9,513 | -17,448 |
The notes are an integral part of these consolidated financial statements.