40 Events occurring after the balance sheet date

On 17 December 2019 Repower AG, its subsidiary Repartner Produktions AG, and the other companies with interests in this company agreed to transfer the power generation assets in the Prättigau, including the concessions, to Repartner Produktions AG. The transfer took place on 1 January 2020. In connection with this transaction the shareholders of Repartner Produktions AG transferred their shareholder loan of CHF 49,176 thousand to Repower AG. From the group point of view this transfer should be seen as an advance payment received for energy delivery, and will be charged to profit or loss over the remaining 66 year concession period.

The financial statements were approved for publication by the board of directors on 2 April 2020. They are subject to the approval of the annual general meeting, which will take place on 20 May 2020.