18 Shareholders' equity
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|
31.12.2016 |
31.12.2015 |
|
CHF thousands |
|
|
|
|
|
|
|
Share capital 1) 7'390'968 registered shares at a par value of 1 CHF per share (previous year: 2'783'115 shares at a par value of 1 CHF per share |
7,391 |
2,783 |
|
Participation capital (previous year: 625,000 participation certificates at a par value of 1 CHF per share) |
- |
625 |
|
Share capital |
7,391 |
3,408 |
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|
|
|
|
Legal capital reserves |
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|
|
Capital reserves 1) |
185,442 |
19,871 |
|
Retained earnings |
17,123 |
17,123 |
|
Other reserves 2) |
461,969 |
561,961 |
|
Reserves |
664,534 |
598,955 |
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|
|
|
|
Retained earnings carried forward |
36,631 |
35,602 |
|
Net income for the year |
3,279 |
–98,978 |
|
Retained earnings |
39,910 |
–63,376 |
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|
|
|
|
Treasury shares |
–21 |
- |
|
|
|
|
|
Equity |
711,814 |
538,987 |
1) On 5 July 2016, and with an addendum dated 14 July 2016, a rights issue was held to increase the company’s capital by TCHF 171,263 (nominal value TCHF 3,983, capital reserves TCHF 165,571). Transaction costs of TCHF 1,709 arising in connection with the rights issue were deducted from the premium. The existing bearer shares and participation certificates were converted into unified registered shares. On 31 December 2016 the share capital consisted of 7,390,968 registered shares, each with a nominal value of CHF 1.00.
2) At the general meeting of shareholders on 12 May 2016 a transfer of TCHF 100,000 from other reserves to balance sheet profit/loss was approved.
Share capital
Significant shareholders as defined by the Swiss Code of Obligations (OR) 663c (share of capital and voting rights):
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|
31.12.2016 |
31.12.2015 |
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|
|
|
|
Elektrizitätswerke des Kantons Zürich (EKZ) |
28.32% |
|
|
Canton of Graubünden |
21.96% |
58.30% |
|
UBS Clean Energy Infrastructure KGK (UBS-CEIS) |
18.88% |
|
|
Axpo Holding AG, Baden |
12.69% |
33.70% |
TREASURY SHARES
|
|
2016 |
2015 |
||
|
|
Number of shares |
Carrying value in CHF |
Number of shares |
Carrying value in CHF |
|
|
|
|
|
|
|
Initial balance at 1 January |
- |
- |
- |
- |
|
Purchases |
3,442.00 |
167,750.40 |
- |
- |
|
Disposals |
–3,060.00 |
–147,036.90 |
- |
- |
|
Ending balance at 31 December |
382.00 |
20,713.50 |
- |
- |
In the year under review Repower AG bought 3,442 shares at an average price of CHF 48.74 and sold 3,060 shares at an average price of CHF 50.48.
There were no transactions in treasury shares the previous year. On 31 December 2015 Repower did not hold any of its own shares or participation certificates.