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Statement of added value

Operating added value is equivalent to net revenue less goods and services purchased, other operating expenses, and depreciation and amortisation. Personnel expense is treated as use of added value rather than as an intermediate input. Swisscom generates the bulk of its added value in Switzerland, with activities abroad accounting for 6% of the Group’s added value from operations in the year under review (prior year: 4%).

  2015   2014
In CHF million   Switzerland   Abroad   Total   Switzerland   Abroad   Total
                         
Added value                        
Net revenue   9,764   1,914   11,678   9,586   2,117   11,703
Capitalised self-constructed assets and other income   339   139   478   290   80   370
Goods and services purchased   (1,829)   (513)   (2,342)   (1,789)   (580)   (2,369)
Other operating expenses 1   (1,800)   (697)   (2,497)   (1,783)   (738)   (2,521)
Depreciation and amortisation 2   (1,404)   (540)   (1,944)   (1,322)   (646)   (1,968)
Intermediate inputs   (4,694)   (1,611)   (6,305)   (4,604)   (1,884)   (6,488)
Operating added value   5,070   303   5,373   4,982   233   5,215
Other non-operating result 3           (388)           (139)
Total added value           4,985           5,076
           
                         
Allocation of added value                        
Employees 4   2,748   216   2,964   2,520   253   2,773
Public sector 5   513   5   518   390   8   398
Shareholders (dividends)           1,147           1,156
External capital providers (net interest expense)           189           218
Company (retained earnings) 6           167           531
Total added value           4,985           5,076
1 Other operating expense: excluding taxes on capital and other taxes not based on income.
2 Depreciation and amortisation: excluding amortisation of acquisition-related intangible assets such as brands or customer relations.
3 Other non-operating result: financial result excluding net interest expense, share of profits of investments in associates, and depreciation and amortisation of acquisition-related intangible assets.
4 Employees: employer contributions are reported as pension cost, rather than as expenses according to IFRS.
5 Public sector: current income taxes, taxes on capital and other taxes not based on income, as well as ComCo sanctions.
6 Company: including changes in deferred income taxes and defined benefit obligations.

Operating added value amounted to CHF 5,373 million in 2015, corresponding to an increase of 3.0% compared to the prior year. As in the prior year, some 95% of operating added value was generated in Switzerland. Added value from international operations increased by CHF 70 million to CHF 303 million.

Although operating added value in Switzerland was virtually unchanged year-on-year at CHF 5,070 million, added value from operations per FTE was 3.9% lower at CHF 272,000 (prior year: CHF 283,000).

WSGE_DP_GR_Wertschoepfungsrechnung
WSGE_2_DP_GR_Wertschoepfungsrechnung