1 Net sales from goods and services

Revenue from energy business and revenues from services and other usual business activities are recognised in the income statement when delivery of goods or services has been performed.

Long-term contracts are recognised in accordance with the percentage of completion method. Revenues from services and other usual business activities contain revenues of CHF 4,130 thousand (prior year: CHF 6,767 thousand).

The decline in revenue from energy business versus the prior year is connected in particular with a decline in demand from Italian SMEs that were closed down during the first wave of the pandemic (see Note 6).

The Swiss Federal Electricity Commission (ElCom) has issued a ruling on the resubmission of the operating costs and cost of capital for the 150 kV Robbia-Campocologno feeder line for the tariff years from 2009 to 2012. In the first half of 2020 Repower received CHF 7,343 thousand in subsequently declared eligible grid costs, including interest on the differences, which are recognised in net sales from goods and services in the Market Switzerland segment.

Prior-year revenues from services and other usual business activities include revenues of CHF 3,514 thousand from the trade fair business of SWIBI AG, which since 1 October 2019 has been recognised as an associate under the name of esolva ag in the consolidated financial statements.

A breakdown of net revenues by Repower business segment is presented in the note on segment reporting (Note 37).