18 Equity

 

31.12.2018

31.12.2017

CHF thousand

 

 

 

 

 

Shareholders’ equity

741,084

737,163

 

 

 

Share capital

7,391

7,391

Share capital 7,390,968 registered shares at a par value of CHF 1 per share

7,391

7,391

 

 

 

Reserves

693,437

663,433

Legal capital reserves

 

 

Capital reserves

184,335

184,335

Legal reserve from retained earnings

17,123

17,123

Other reserves 1)

491,979

461,975

 

 

 

Retained earnings

40,278

66,354

Retained earnings carried forward 1)

36,353

41,018

Net income for the year

3,925

25,336

 

 

 

Treasury shares

–22

–15

1) In the year under review the increase of TCHF 4 in other reserves is attributable to gains and losses from the sale of treasury shares. The previous year the general meeting of shareholders of 16 May 2018 approved a transfer of TCHF 30,000 from retained earnings to other reserves.

Share capital

Significant shareholders as defined by the Swiss Code of Obligations (OR) 663c (share of capital and voting rights):

 

31.12.2018

31.12.2017

 

 

 

Elektrizitätswerke des Kantons Zürich (EKZ)

29.83%

29.83%

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%

Eigene Titel

 

2018

2017

 

Number of shares

Carrying value in CHF

Number of shares

Carrying value in CHF

 

 

 

 

 

Initial balance at 1 January

256

15,365

382

20,714

Purchases

605

42,835

2,637

152,507

Disposals

–560

–36,116

–2,763

–157,856

End balance at 31 December

301

22,084

256

15,365

In the year under review Repower AG bought 605 shares at an average price of CHF 70.80 and sold 560 shares at an average price of CHF 71.31.

The prior year 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 59.38.