1) An amount of TCHF 1,090 is assigned to current financial liabilities for the bank loan of TCHF 0 (previous year: TCHF 1,090) due on 31 March 2017. Mortgage assignments were pledged as security for this bank loan. The fixed assets pledged in this connection are disclosed in Note 7.

2) Mortgage assignments were pledged as security for the investment loan of TCHF 638 (previous year: TCHF 850). The fixed assets pledged in this connection are disclosed in Note 7.

3) In the 2011 financial year the minority shareholders of Repartner Produktions AG granted an interest-free loan of TCHF 15,925 commensurate with their interests to finance the expansion of Repower’s Taschinas hydropower plant in Grüsch. The terms of the loan stipulate repayment on a straight-line basis originally over 59 years as well as pro-rata compensation based on the EBIT generated by the Taschinas power plant. Financial liabilities are to be recognised at the time they are acquired at fair value. Since no market price is available, this is determined on the basis of the present value of expected future cash flows. The interest rate applied is 2.7 per cent. The interest rate advantage for the interest-free shareholder loan amounted to TCHF 8,004 and was classified as a hidden contribution which was taken into account at Group level as a capital increase in non-controlling interests. Over the course of 2012 other partners were acquired for Repartner Produktions AG that also granted the company interest-free loans. Entry into the partnership was with retrospective effect and under the same terms and conditions as the previous partners. The additionally granted loan amount at the beginning of 2012 totalled TCHF 1,356. In the 2014 financial year the interest-free loan was adjusted by TCHF 315. During 2016 further partners were acquired for Repartner Produktions AG, contributing TCHF 386 for a pro-rata share of the company’s existing capital. Entry into the partnership was likewise with retrospective effect and under the same terms and conditions as the previous partners. At the end of 2016 the liability component of the interest-free loan amounted to TCHF 9,669 (previous year: TCHF 9,295); it is amortised using the effective interest method, with the short-term portion recognised under current financial liabilities in the amount of TCHF 81 (previous year: TCHF 76).