Annual Report 2016 – Repower Group

27 Segment reporting

	Market Switzerland	Market Italy	Other segments and activities and consolidation	Group
CHF thousands

2016

Net sales from energy sales - third parties	488,985	1,111,316	111,398	1,711,699
Net sales from energy sales between segments	61,959	35,280	–97,239	-
Income from held for trading positions - third parties	2,723	–26,331	–11	–23,619
Income from held for trading positions between segments	–2,283	2,229	54	-
Own costs capitalised	7,970	-	1	7,971
Other operating income - third parties	30,398	1,106	12,303	43,807
Other operating income between segments	2,827	613	–3,440	-
Operating revenue	592,579	1,124,213	23,066	1,739,858

Energy procurement - third party	–417,893	–966,192	–109,247	–1,493,332
Energy procurement between segments	–35,167	–61,497	96,664	-
Operating expenses (without energy) - third parties	–81,802	–78,333	–34,161	–194,296
Operating expenses (without energy) between segments	–14,362	–8,736	23,098	-
Income before interest, taxes, depreciation and amortisation (EBITDA)	43,355	9,455	–580	52,230

Depreciations	–32,386	–11,753	–1,310	–45,449
Impairment and reversal of impairment	2,264	12,672	-	14,936
Income before interest and taxes (EBIT)	13,233	10,374	–1,890	21,717

Financial income				3,885
Financial expenses				–32,296
Share of results of associates				–3,246
Income before taxes				–9,940

Headcount at 31 December	325	157	81	563

Tangible assets	592,757	140,968	22,795	756,520
Intangible assets	2,957	4,080	636	7,673
Investments in associates and partner plants	17,180	3,348	-	20,528
Total non-current assets	612,894	148,396	23,431	784,721

Investments in tangible and intangible assets	16,868	3,085	385	20,338

	Market Switzerland	Market Italy	Other segments and activities and consolidation	Group
CHF thousands

2015 Restated*

Net sales from energy sales - third parties	542,014	1,149,165	142,867	1,834,046
Net sales from energy sales between segments	81,849	33,778	–115,627	-
Income from held for trading positions - third parties	14,926	–2,946	–8,034	3,946
Income from held for trading positions between segments	–7,764	7,048	716	-
Own costs capitalised	6,964	-	136	7,100
Other operating income - third parties	39,407	2,216	3,314	44,937
Other operating income between segments	2,456	662	–3,118	-
Operating revenue	679,852	1,189,923	20,254	1,890,029

Energy procurement - third party	–483,191	–1,030,945	–146,076	–1,660,212
Energy procurement between segments	–33,616	–80,253	113,869	-
Operating expenses (without energy) - third parties	–84,821	–67,432	–36,836	–189,089
Operating expenses (without energy) between segments	–17,325	–8,938	26,263	-
Income before interest, taxes, depreciation and amortisation (EBITDA)	60,899	2,355	–22,526	40,728

Depreciations	–33,035	–12,630	–1,871	–47,536
Impairment and reversal of impairment	–11,592	–50,132	–7	–61,731
Income before interest and taxes (EBIT)	16,272	–60,407	–24,404	–68,539

Financial income				11,533
Financial expenses				–82,197
Share of results of associates				–12,990
Income before taxes				–152,193

Headcount at 31 December	430	154	48	632

Tangible assets	606,570	138,606	25,592	770,768
Intangible assets	3,983	3,771	851	8,605
Investments in associates and partner plants	15,613	4,745	3,914	24,272
Total non-current assets	626,166	147,122	30,357	803,645

Investments in tangible and intangible assets	15,755	2,172	1,970	19,897

* See «Correction of errors and changes in presentation» section

INFORMATION BY PRODUCT

	2016	2015
CHF thousands

Power, including considerations for energy transmission	1,381,428	1,485,646
Gas	223,315	266,028
Other	83,337	86,318
Net sales	1,688,080	1,837,992

INFORMATION BY COUNTRY

The information on income from external customers broken down by country can be found in the tables above. The non-current assets are allocated to the location of the accounting entity. They do not contain financial instruments or deferred tax assets.

Non-current assets

	31.12.2016	31.12.2015
CHF thousands

Switzerland	605,488	622,738
Italy	148,821	147,552
Other countries	30,413	33,355
Total	784,722	803,645

Customers with a share of revenue of more than 10 per cent

In the year under review the Repower Group had no individual customer with a share of net sales of more than 10 per cent.