18 Financial assets

Repower AG holds interests of 7.0 per cent and 6.5 per cent respectively in the partner plants AKEB Aktiengesellschaft für Kernenergie-Beteiligungen, Lucerne, and Kraftwerke Hinterrhein AG, Thusis. Repower’s interest in tiko Energy Solutions AG, Ittingen, is 19.85 per cent.

The investment in tiko Energy Solutions AG was recognised as an associate the prior year (see Note 17). The carrying amounts of the investment and loan to the company came to CHF 0 thousand and CHF 5,365 thousand respectively. With the inclusion of the new investor and the debt relief, an impairment gain of CHF 4,481 thousand was recognised in financial income (see Note 13). The carrying amounts disclosed for both the investment and the loan correspond to their amortised cost.

The active loans relate to loans to associates and joint ventures amounting to CHF 486 thousand (prior year: CHF 5,873 thousand). Accumulated impairments of CHF 6,713 thousand (prior year: CHF 19,404 thousand) were recognised under this item (see Note 17).

The employer contribution reserve account in the prior year related to SWIBI AG, which in the prior year was fully consolidated and is now recognised as an associate under the name esolva ag (see the “Transition from full consolidation to equity method” section).