2 Correction of accounting errors and changes in presentation
In 2019 Repower corrected an accounting error. Accruals and deferrals for goods and services delivered or received but not yet invoiced, previously recognised in trade accounts receivable and payable, are now recognised in prepaid expenses and accrued income/deferred income and accrued expenses. In making this change, Repower is adhering to the minimum format recommended in Swiss GAAP FER 3 Presentation and format. According to the Swiss GAAP FER Framework, the prior year figures affected must be restated. The consequences are as follows:
There are reclassifications within current assets and current liabilities.
Cash flow from operating activities remains unchanged.