- Annual Report
- Overview
- Foreword from the Chairman of the Board of Directors and CEO
- 2025 strategy
- Market Switzerland
- Market Italy
- Other segments and activities
- Sustainability
- Corporate Governance
- Basic principles
- Group structure and shareholders
- Capital structure
- 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
- 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 Prepaid expenses and accrued income/deferred income and accrued expenses
- 23 Transactions with related parties
- 24 Additional disclosures on financial instruments
- Fair value hierarchy
- 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 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
- Income statement
- Balance sheet
- Notes to the financial statements
- 1 Net sales
- 2 Depreciation/amortisation and impairment
- 3 Extraordinary, non-recurring or prior period income
- 4 Extraordinary, non-recurring or prior period expenses
- 5 Cash and cash equivalents and current assets with a stock exchange price
- 6 Trade receivables
- 7 Other receivables
- 8 Inventories and non-invoiced services
- 9 Financial assets
- 10 Intangible assets
- 11 Trade creditors
- 12 Short-term interest-bearing liabilities
- 13 Other current liabilities
- 14 Long-term interest-bearing liabilities
- 15 Other long-term liabilities
- 16 Provisions
- 17 Shareholders equity
- Share capital
- Treasury shares
- Other information
- Appropriation of retained earnings
- Report of the auditors on the financial statements
- Consolidated financial statements of the Repower Group
- Graphs
- Organisation Chart
- Archive
- Focus on the customers
Compensation report
Compensation paid to the members of the Board of Directors
In the year under review the members of the Board of Directors received cash compensation in the amount of CHF 699,046 (prior year: CHF 692,859).
Compensation breaks down in detail as follows:
| 2015 | 2014 | ||||||
|---|---|---|---|---|---|---|---|
| Member of Board of Directors from/to 1) | Gross compen- sation 2) | Employer contributions | Total compensation | Gross compen- sation 2) | Employer contributions | Total compensation | |
| CHF | |||||||
| Dr Eduard Rikli, Chairman, from 1 January 2010 | from 1 January 2010 | 110,000 | 8,756 | 118,756 | 120,000 | 9,852 | 129,852 |
| Dr Manfred Thumann, Vice Chairman, from 14 May 2014 3) | from 15 May 2013 | 90,000 | - | 90,000 A) | 63,019 | - | 63,019 A) |
| Dr Martin Schmid | from 23 May 2008 | 80,000 | 6,368 | 86,368 B) | 86,453 | 7,098 | 93,551 B) |
| Dr Rudolf Huber | from 15 May 2013 | 80,000 | 6,368 | 86,368 | 80,000 | 6,568 | 86,568 |
| Placi Berther | from 4 May 2011 | 38,000 | 3,025 | 41,025 C) | 37,100 | 3,046 | 40,146 C) |
| Claudio Lardi | from 4 May 2011 | 38,000 | 3,025 | 41,025 | 35,000 | 2,874 | 37,874 |
| Rolf W. Mathis 3) | from 2 May 2003 | 38,000 | - | 38,000 C) | 36,500 | - | 36,500 C) |
| Roger Vetsch | from 9 May 2012 | 38,000 | 3,025 | 41,025 | 35,000 | 2,874 | 37,874 |
| Dr Myriam Meyer Stutz 3) | from 15 May 2013 | 38,000 | - | 38,000 | 35,000 | - | 35,000 |
| Gerhard Jochum | from 15 May 2013 | 38,000 | 3,025 | 41,025 | 35,000 | 2,874 | 37,874 |
| Domenico De Luca 3) | from 14 May 2014 | 38,000 | - | 38,000 D) | 21,728 | - | 21,728 D) |
| Peter Molinari | from 14 May 2014 | 38,000 | 1,454 | 39,454 D) | 21,728 | 848 | 22,576 D) |
| Dr Hans Schulz, Vice Chairman, from 15 May 2013 to 14 May 2014 3) | from 14 May 2014 | - | - | - | 36,679 | - | 36,679 |
| Christoffel Brändli | from 14 May 2014 | - | - | - | 13,272 | 346 | 13,618 |
| Total | 664,000 | 35,046 | 699,046 | 656,479 | 36,380 | 692,859 |
1) The functions performed in the Board of Directors by the various members are described on pages 29 to 31.
2) The compensation consists of a flat fee set according to the function of the respective member of the Board of Directors. There are no items which require disclosure under Art. 14 to 16 of the Ordinance against Excessive Compensation in Listed Stock Companies (OaEC) for either the current or the prior year.
3) In accordance with instructions from the members of the Board of Directors affected, the entire compensation will be transferred to their employers.
New remuneration rules for the Board of Directors entered into force on 1 January 2015. Discrepancies, unless otherwise mentioned (see below), are due to the new rules.
A) Remuneration as Vice Chairman has only been paid since May 2014.
B) In 2014 additional compensation paid for directorships at Repower Klosters AG and Repower Holding Surselva AG, which were wound up as a result of a merger.
C) In 2014 additional compensation paid for directorship at Repower Holding Surselva AG, which was wound up as a result of a merger.
D) Compensation as members of the Board of Directors only paid since May 2014.