18 shareholders’ Equity
|
|
31.12.2017 |
31.12.2016 |
|
CHF thousand |
|
|
|
|
|
|
|
Shareholders' equity |
737,163 |
711,814 |
|
|
|
|
|
Share capital |
7,391 |
7,391 |
|
Share capital 1) 7,390,968 registered shares at a par value of CHF 1 per share |
7,391 |
7,391 |
|
|
|
|
|
Reserves |
663,433 |
664,534 |
|
Legal capital reserves |
|
|
|
Capital reserves 1) 2) |
184,335 |
185,442 |
|
Legal reserve from retained earnings |
17,123 |
17,123 |
|
Other reserves 3) |
461,975 |
461,969 |
|
|
|
|
|
Retained earnings |
66,354 |
39,910 |
|
Retained earnings carried forward |
41,018 |
36,631 |
|
Net income for the year |
25,336 |
3,279 |
|
|
|
|
|
Treasury shares |
–15 |
–21 |
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 2017 the share capital consisted of 7,390,968 registered shares, each with a nominal value of CHF 1.00.
2) In a letter dated 12 June 2017 the Federal Tax Administration (FTA) confirmed the amount of TCHF 184,335 for the capital reserves. Part of the transaction costs of TCHF 1,107, related to the rights issue held in 2016, has been transferred to retained earnings carried forward.
3) In the year under review the increase of TCHF 6 in other reserves is attributable to gains and losses from the sale of treasury shares. The previous year the general meeting of shareholders of 12 May 2016 approved a transfer of TCHF 100,000 from other reserves to retained earnings.
Share capital
Significant shareholders as defined by the Swiss Code of Obligations (OR) 663c (share of capital and voting rights):
|
|
31.12.2017 |
31.12.2016 |
|
|
|
|
|
Elektrizitätswerke des Kantons Zürich (EKZ) |
29.83% |
28.32% |
|
Canton Graubünden |
21.96% |
21.96% |
|
UBS Clean Energy Infrastructure KGK (UBS-CEIS) |
18.88% |
18.88% |
|
Axpo Holding AG, Baden |
12.69% |
12.69% |
Treasury shares
|
|
2017 |
2016 |
||
|
|
Number of shares |
Carrying value in CHF |
Number of shares |
Carrying value in CHF |
|
|
|
|
|
|
|
Initial balance at 1 January |
382 |
20,714 |
- |
- |
|
Purchases |
2,637 |
152,507 |
3,442 |
167,750 |
|
Disposals |
–2,763 |
–157,856 |
–3,060 |
–147,037 |
|
End balance at 31 December |
256 |
15,365 |
382 |
20,714 |
In the year under review Repower AG bought 2,637 shares at an average price of CHF 57.83 and sold 2,763 shares at an average price of CHF 57.13.
The prior year 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.