- 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
Market Switzerland
“By supplying the energy for our chairlifts, snowmakers and restaurants, Repower helps give our guests the ultimate snow experience.”
Beat Zenklusen, manager of Bergbahnen Brigels Waltensburg Andiast AG, in front of “his” snow cannon.
Services for third parties: a key pillar of business
Providing services is an increasingly important part of Repower's business. In 2015 the company worked on numerous contracts for outside customers in areas ranging from Generation and Grid to Trading, Sales & Marketing.
Generation
In 2015 Repower continued to work on many different service contracts. These included the engineering for the renovation of the 220-kV Avegno substation in Canton Ticino, where planning was completed and the building application submitted. If the approval process runs according to plan, construction is likely to commence in autumn 2016. Repower also worked on the renovation of the Pradella switching station run by Engadiner Kraftwerke in the Lower Engadine. Various other maintenance and planning contracts for customers in sectors including the railways are proof that Repower is getting increasingly firmly established in this business. Sales from services in Generation came to around CHF 5 million in 2015.
Grid
Services for third parties continued to play a prominent role in Grid in 2015. Engadiner Kraftwerke (EKW) has commissioned Repower to maintain and expand its grid in the Lower Engadine. One year into the five-year contract and there are only successes to report. Repower provided electrical access as part of a major multi-year project with Bergbahnen Weisse Arena AG in Laax. The project was concluded in the year under review. Service contracts in Grid contributed a total of around CHF 6 million to Repower's sales revenues.
Trading
The Trading unit, in collaboration with Sales, is also increasingly positioning itself as a provider of services to third parties. For example Repower manages portfolios and balance groups on behalf of medium-sized energy utilities in Switzerland. Other services include providing market information, access to the wholesale markets, and marketing flexibility. Repower continued to offer these services in 2015. Added to this was a contract to set up a power generation optimisation system for Swiss Federal Railways (SBB). Last year Repower managed to successfully complete and commission the system. Repower will continue to work with SBB, providing system support and various other wholesale market services.
Sales & Marketing
In 2015 Sales & Marketing continued to facilitate efforts to market grid, generation and trading services by providing sales and marketing support, as well as developing services itself, for example in relation to electric vehicles. Sales & Marketing also pushed ahead with its partner strategy to set up cooperation with other energy utilities. Among other things, the unit organised information events to enable utilities to network and pool experience.
On the strength of its proven technical track record, Repower intends to position itself even more firmly as a service provider in the future.