Consolidated Financial Statements of the Repower Group

Consolidated income statement

 

 

2017

2016

CHF thousand

 

 

 

 

Note

 

 

Net sales from goods and services

1

1,835,469

1,699,776

Own costs capitalised

2

6,014

7,971

Change in inventory of sales orders

3

–707

496

Other operating income

4

5,963

15,316

Total operating revenue

 

1,846,739

1,723,559

 

 

 

 

Share of earnings from associates and joint ventures

5

–3,406

–3,284

 

 

 

 

Energy procurement

6

–1,600,944

–1,478,049

Concession fees

7

–17,831

–16,293

Personnel expenses

8

–67,977

–69,700

Materials and third party services

9

–30,847

–27,965

Other operating expenses

10

–46,573

–75,956

Earnings before interest, taxes, depreciation and amortisation (EBITDA)

 

79,161

52,312

 

 

 

 

Depreciation and value adjustments of tangible assets

11

–41,724

–26,338

Amortisation and value adjustments of intangible assets

12

–3,658

–3,856

Earnings before interest and taxes (EBIT)

 

33,779

22,118

 

 

 

 

Financial income

13

21,431

4,043

Financial expenses

13

–35,574

–31,855

Earnings before taxes

 

19,636

–5,694

 

 

 

 

Income taxes

14

363

4,673

Group earnings

 

19,999

–1,021

 

 

 

 

Share of group earnings attributable to Repower shareholders

 

17,632

–4,222

Share of group earnings attributable to minorities

 

2,367

3,201

 

 

 

 

Share of group earnings attributable to Repower shareholders per registered share (in CHF) *

 

2.39

–0.79

Average number of registered shares in circulation

 

7,390,309

5,355,054

* The undiluted group earnings are calculated on the basis of the weighted average number of shares. There are no factors resulting in a dilution of earnings per share.

Since the beginning of 2017 the consolidated financial statements have been prepared in accordance with Swiss GAAP FER. The comparative figures were adjusted retroactively to reflect the change to Swiss GAAP FER.