7) Assets and liabilities held for sale

The assets and liabilities of connecta ag classified as held for sale on 31 December 2015 (see note on changes in consolidations) and the Ilanz administration building held for sale were disposed of. The proceeds of the sale of the building came to TCHF 9,950, compared with a carrying value of TCHF 3,905. The gain of TCHF 6,045 on the disposal was disclosed under other operating income in other segments and activities.

The process to wind up SEI S.p.A. has been initiated. The assets and liabilities of the company classified as held for sale on 31 December 2015 have been reassigned to their original balance sheet items. The project to build a coal-fired power plant in Saline Joniche was completely amortised in 2013. The carrying value is still zero.

In the first half of 2016 Repower classified its subsidiary Repower Furnizare România S.r.l., part of other segments and activities, as held for sale, and sold it on 22 July 2016. Closing is anticipated in October 2016. The carrying values of the company on 30 June 2016 can be seen from the table below. Translation losses for Repower Furnizare România S.r.l. contained in the Repower Group's equity come to TCHF 3,456.

Assets and liabilities held for sale break down as follows:

  30.06.2016 31.12.2015
Tangible assets 61 7,754
Intangible assets 285 115
Deferred tax assets 459 25
Inventories 7,779 32
Receivables 25,901 415
Accrued income and prepaid expenses 491 96
Cash and cash equivalents 2,443 1,368
Assets held for sale 37,419 9,805
Pension provisions - 519
Non-current financial liabilities 21 -
Current income tax liabilities - 121
Current financial liabilities - 7,389
Other current provisions 63 -
Other current liabilities 21,651 1,963
Deferred income and accrued expenses - 833
Liabilities held for sale 21,735 10,825