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2 Segment information

General information

WSGE_DP_GR_Swisscom_Segmente

Reporting is divided into the segments “Residential Customers”, “Enterprise Customers”, “Wholesale”, and “IT, Network & Infrastructure”, which are grouped under Swisscom Switzerland, as well as “Fastweb” and “Other Operating Segments”. “Group Headquarters”, which includes non-allocated costs, is reported separately.

Group Headquarters does not charge any management fees to other segments for its financial management services, nor does the IT, Network & Infrastructure segment charge any network costs to other segments. The remaining services between the segments are recharged at market prices. Segment expense encompasses the direct and indirect costs, which include personnel expense, other operating costs less capitalised costs of self-­constructed assets and other income. Retirement-benefit expense includes ordinary employer contributions. The difference between the ordinary employer contributions and the pension cost as provided for under IAS 19 is reported in the column “Eliminations”. In the first nine months of 2018, an expense of CHF 46 million is disclosed under “Eliminations” as a pension cost reconciliation item in accordance with IAS 19 (prior year: CHF 75 million). The results of the Residential Customers, Enterprise Customers and Wholesale segments correspond to a contribution margin before network costs. The segment result of IT, Network & Infrastructure consists of operating expenses and depreciation and amortisation less revenues from the rental and administration of buildings and vehicles as well as capitalised costs of property, plant and equipment and other income. The segment results of Swisscom Switzerland and of the Other Operating Segments do not reflect the retirement-benefit reconciliation item in accordance with IAS 19. The segment results of Fastweb correspond to the operating results.

Various areas have been transferred between the segments of Swisscom Switzerland. The prior-year figures have been restated accordingly.

Segment information 2018


2018, in CHF million
 
Swisscom
Switzerland
 

Fastweb
  Other
operating
segments
  Group
Head-
quarters
 

Elimination
 

Total
Residential Customers   4,361   910         5,271
Corporate Business   1,737   647   406       2,790
Wholesale customers   434   194         628
Net revenue from external customers   6,532   1,751   406       8,689
Net revenue with other segments   59   6   248   1   (314)  
Net revenue   6,591   1,757   654   1   (314)   8,689
Direct costs   (1,408)   (689)   (43)     21   (2,119)
Indirect costs 1   (2,522)   (508)   (472)   (74)   237   (3,339)
Segment result before depreciation and amortisation   2,661   560   139   (73)   (56)   3,231
Depreciation, amortisation and impairment losses   (1,138)   (432)   (42)     2   (1,610)
Segment result   1,523   128   97   (73)   (54)   1,621
Financial income and financial expense, net                       (106)
Result of equity-accounted investees                       3
Income before income taxes                       1,518
Income tax expense                       (305)
Net income                       1,213
                         
Segment result before depreciation and amortisation   2,661   560   139   (73)   (56)   3,231
Capital expenditure in property, plant and equipment and intangible assets   (1,102)   (501)   (31)     13   (1,621)
Change in provisions   (58)   2   (1)   7     (50)
Change in defined benefit obligations   5     (1)   (2)   45   47
Change in operating net working capital   (287)   (13)   (1)   22   (10)   (289)
Other 2   (3)           (3)
Operating free cash flow   1,216   48   105   (46)   (8)   1,315
1 Including capitalised costs of self-constructed assets and other income.
2 Proceeds from the sale of property, plant and equipment, non-cash change in net working capital from operating activities, change in deferred gain from the sale and leaseback of real estate, and dividend payments to owners of non-controlling interests.

Segment information Swisscom Switzerland 2018


2018, in CHF million
 
Residential
Customers
 
Enterprise
Customers
 

Wholesale
  IT,
Network &
Infrastructure
 

Elimination
  Total
Swisscom
Switzerland
Telecom services   3,906   783         4,689
Solution business     768         768
Merchandise   351   153         504
Wholesale       434       434
Other revenue   104   18     15     137
Net revenue from external customers   4,361   1,722   434   15     6,532
Intersegment revenue   61   78   244   104   (428)   59
Net revenue   4,422   1,800   678   119   (428)   6,591
Direct costs   (1,003)   (552)   (323)   (8)   478   (1,408)
Indirect costs 1   (827)   (667)   (13)   (965)   (50)   (2,522)
Segment result before depreciation and amortisation   2,592   581   342   (854)     2,661
Depreciation, amortisation and impairment losses   (109)   (54)     (976)   1   (1,138)
Segment result   2,483   527   342   (1,830)   1   1,523
                         
Capital expenditure in property, plant and equipment and intangible assets   (116)   (38)     (947)   (1)   (1,102)
1 Including capitalised costs of self-constructed assets and other income.

Segment information 2017


2017, in CHF million, restated
 
Swisscom
Switzerland
 

Fastweb
  Other
operating
segments
  Group
Head-
quarters
 

Elimination
 

Total
Residential Customers   4,456   793         5,249
Corporate Business   1,790   569   383   1     2,743
Wholesale customers   430   182         612
Net revenue from external customers   6,676   1,544   383   1     8,604
Net revenue with other segments   61   7   229   1   (298)  
Net revenue   6,737   1,551   612   2   (298)   8,604
Direct costs   (1,367)   (541)   (23)     20   (1,911)
Indirect costs 1   (2,609)   (382)   (460)   (73)   185   (3,339)
Segment result before depreciation and amortisation   2,761   628   129   (71)   (93)   3,354
Depreciation, amortisation and impairment losses   (1,115)   (427)   (50)     4   (1,588)
Segment result   1,646   201   79   (71)   (89)   1,766
Financial income and financial expense, net                       (118)
Result of equity-accounted investees                       (6)
Income before income taxes                       1,642
Income tax expense                       (373)
Net income                       1,269
                         
Segment result before depreciation and amortisation   2,761   628   129   (71)   (93)   3,354
Capital expenditure in property, plant and equipment and intangible assets   (1,083)   (484)   (39)     19   (1,587)
Change in provisions   (35)   (4)   2   (4)     (41)
Change in defined benefit obligations   (21)       (52)   75   2
Change in operating net working capital   (48)   16   (14)   11   (11)   (46)
Other 2   (10)                 (10)
Operating free cash flow   1,564   156   78   (116)   (10)   1,672
1 Including capitalised costs of self-constructed assets and other income.
2 Proceeds from the sale of property, plant and equipment, non-cash change in net working capital from operating activities, change in deferred gain from the sale and leaseback of real estate, and dividend payments to owners of non-controlling interests.

Segment information Swisscom Switzerland 2017


2017, in CHF million, restated
 
Residential
Customers
 
Enterprise
Customers
 

Wholesale
  IT,
Network &
Infrastructure
 

Elimination
  Total
Swisscom
Switzerland
Telecom services   4,039   829         4,868
Solution business     796         796
Merchandise   304   130         434
Wholesale       430       430
Other revenue   113   16     19     148
Net revenue from external customers   4,456   1,771   430   19     6,676
Intersegment revenue   61   81   268   106   (455)   61
Net revenue   4,517   1,852   698   125   (455)   6,737
Direct costs   (977)   (536)   (354)   (9)   509   (1,367)
Indirect costs 1   (851)   (693)   (14)   (996)   (55)   (2,609)
Segment result before depreciation and amortisation   2,689   623   330   (880)   (1)   2,761
Depreciation, amortisation and impairment losses   (96)   (59)     (961)   1   (1,115)
Segment result   2,593   564   330   (1,841)     1,646
                         
Capital expenditure in property, plant and equipment and intangible assets   (125)   (50)     (907)   (1)   (1,083)
1 Including capitalised costs of self-constructed assets and other income.