18 Financial assets
|
CHF thousand |
31.12.2020 |
31.12.2019 |
|
|
|
|
|
Financial assets |
66,722 |
36,024 |
|
AKEB Aktiengesellschaft für Kernenergiebeteiligungen |
6,300 |
6,300 |
|
Kraftwerke Hinterrhein AG |
6,500 |
6,500 |
|
tiko energy solutions AG |
- |
2,813 |
|
Loans receivable |
10,894 |
4,628 |
|
Non-current securities |
5,132 |
4,071 |
|
Fixed term deposits |
37,896 |
11,712 |
Repower holds interests of 7.0 per cent and 6.5 per cent respectively in the partner plants AKEB Aktiengesellschaft für Kernenergie-Beteiligungen, Lucerne, and Kraftwerke Hinterrhein AG, Thusis. Repower’s interest in tiko Energy Solutions AG, Ittingen, is 19.85 per cent.
The investment with a carrying value of CHF 2,813 thousand in tiko Energy Solutions AG at 31 December 2019 was fully impaired in the first half of 2020 on the basis of the company’s updated planning data (see Note 13).
In 2020 the impairment of CHF 3,072 thousand on ENAG Energiefinanzierungs AG, recognised in “non-current securities”, was reversed (see Note 13). As part of a reduction in the company’s capital, Repower received a repayment of its contribution in the amount of CHF 2,739 thousand. The new carrying value of the investment corresponds to its pro rata nominal value of CHF 2,739 thousand. The interest in the company is unchanged at 5.48 per cent.
The active loans relate to loans to associates and joint ventures amounting to CHF 8,623 thousand (prior year: CHF 486 thousand). Accumulated impairments of CHF 1,833 thousand (prior year: CHF 6,713 thousand) were recognised under this item (see Note 17).