Consolidated Financial Statements of the Repower Group

Consolidated balance sheet

		31.12.2019	31.12.2018
			Restated*
CHF thousand
	Note
Assets

Tangible assets	15	809,039	836,677
Intangible assets	16	12,657	12,088
Investments in associates and joint ventures	17	6,450	3,945
Financial assets	18	36,024	45,440
Deferred tax assets	19	34,600	37,810
Non-current assets		898,770	935,960

Inventories	20	16,692	40,302
Trade accounts receivable	21	54,994	48,861
Other receivables	22	37,352	26,150
Prepaid expenses and accrued income	23	306,408	279,167
Securities	24	107,562	63,684
Positive replacement values of held for trading positions	25	86,691	162,117
Cash and cash equivalents	26	367,131	316,314
Current assets		976,830	936,595

Total assets		1,875,600	1,872,555

		31.12.2019	31.12.2018
			Restated*
CHF thousand
	Note
Liabilities and shareholders' equity

Share capital		7,391	7,391
Treasury shares		–16	–22
Capital reserves		198,320	202,008
Retained earnings (including group earnings)		561,525	515,174
Accumulated translation differences		–2,437	1,408
Shareholders’ equity excluding minorities		764,783	725,959
Minorities		79,705	80,983
Shareholders’ equity		844,488	806,942

Non-current provisions	27	11,032	16,033
Deferred tax liabilities	28	22,209	24,243
Non-current financial liabilities	29	435,347	430,281
Other non-current liabilities	30	61,773	63,500
Non-current liabilities		530,361	534,057

Current financial liabilities	29	17,719	11,437
Negative replacement values of held for trading positions	25	64,000	150,277
Current provisions	27	841	32
Trade accounts payable	31	77,984	68,930
Other current liabilities	32	23,155	29,109
Deferred income and accrued expenses	33	317,052	271,771
Current liabilities		500,751	531,556

Liabilities		1,031,112	1,065,613

Total liabilities and shareholders’ equity		1,875,600	1,872,555