21 Equity

 

31.12.2019

31.12.2018

CHF thousand

 

 

 

 

 

Shareholders' equity

752,356

741,084

 

 

 

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

709,748

693,437

Legal capital reserves

 

 

Capital reserves

180,640

184,335

Legal reserve from retained earnings

17,123

17,123

Other reserves 1)

511,985

491,979

 

 

 

Retained earnings

35,233

40,278

Retained earnings carried forward 1)

20,278

36,353

Net income for the year

14,955

3,925

 

 

 

Treasury shares

–16

–22

1) In the year under review the increase of TCHF 7 in other reserves is attributable to gains and losses from the sale of treasury shares. The previous year the general meeting of shareholders of 15 May 2019 approved a transfer of TCHF 20,000 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):

 

31.12.2019

31.12.2018

 

 

 

Elektrizitätswerke des Kantons Zürich (EKZ)

32.12%

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%

Treasury shares

 

2019

2018

 

Number of shares

Carrying value in CHF

Number of shares

Carrying value in CHF

 

 

 

 

 

Initial balance at 1 January

301

22,084

256

15,365

Purchases

351

30,227

605

42,835

Disposals

–480

–36,303

–560

–36,116

End balance at 31 December

172

16,008

301

22,084

In the year under review Repower AG bought 351 shares at an average price of CHF 86.12 and sold 480 shares at an average price of CHF 90.29.

The previous year 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.