Notes to the consolidated financial statements: principles

1 Accounting and valuation principles

GENERAL INFORMATION

Repower Group prepares its financial statements in accordance with the entire Accounting and Reporting Recommendations (Swiss GAAP FER), providing a true and fair view of the assets, liabilities, financial position and profit or loss of the Repower Group.

The disclosure of accruals and deferrals for goods and services delivered or received but not yet invoiced was changed (see the section entitled “2 Correction of accounting error”).

In individual cases roundings can mean that figures in this report do not add up to the exact total specified, and that the specified percentages do not exactly result from the stated figures.