Repower

Assets CHF thousands		01.01.2010	31.12.2010	31.12.2011
		restated	restated

	Property, plant and equipment	1,071,766	1,091,090	1,041,145
	Intangible assets	11,612	44,410	15,853
	Investments in associates and partner plants	41,071	51,784	40,004
	Other financial assets	70,848	63,400	67,054
	Deferred tax assets	17,374	15,455	25,430
Non-current assets		1,212,671	1,266,139	1,189,486


	Inventories	34,293	30,154	37,794
	Receivables	468,382	475,188	606,728
	Prepaid expenses and accrued income	12,825	16,340	5,414
	Securities and other financial instruments	2,239	5,889	1,491
	Positive replacement values held-for-trading positions	180,114	125,140	107,204
	Cash and cash equivalents	334,382	349,975	339,873
Current assets		1,032,235	1,002,686	1,098,504

	Non-current assets held for sale	-	-	79,067

Total assets		2,244,906	2,268,825	2,367,057

Liabilities and shareholders' equity CHF thousands		01.01.2010	31.12.2010	31.12.2011
		restated	restated

	Share capital	2,783	2,783	2,783
	Participation capital	625	625	625
	Treasury shares	-16	-16	-16
	Capital reserves	17,732	17,732	17,732
	Fair value adjustment of financial instruments	-2,116	-1,798	-1,214
	Retained earnings (including Group profit)	837,528	886,781	915,367
	Accumulated translation differences	-5,453	-39,138	-45,379
	Shareholders' equity excluding minority interests	851,083	866,969	889,898
	Minority interests	57,135	48,647	74,602
Shareholders' equity		908,218	915,616	964,500

	Non-current provisions	63,778	28,159	26,619
	Deferred tax liabilities	71,192	67,854	58,875
	Non-current financial liabilities	533,238	599,495	565,652
	Other non-current liabilities	56,538	56,782	2,237
Non-current liabilities		724,746	752,290	653,383

	Current income tax liabilities	28,053	32,717	28,388
	Current financial liabilities	62,557	66,120	48,548
	Negative replacement values held-for-trading positions	160,821	99,361	85,076
	Current provisions	614	37,801	21,484
	Other current liabilities	339,936	334,584	524,706
	Deferred income and accrued expenses	19,961	30,336	30,741
Current liabilities		611,942	600,919	738,943
Liabilities		1,336,688	1,353,209	1,392,326

	Liabilities held for sale	-	-	10,231

Total liabilities and shareholders' equity		2,244,906	2,268,825	2,367,057

Consolidated balance sheet