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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 7% of the Group’s added value from operations in the year under review (prior year: 6%).

  2016   2015
In CHF million   Switzerland   Abroad   Total   Switzerland   Abroad   Total
                         
Added value
Net revenue   9,665   1,978   11,643   9,764   1,914   11,678
Capitalised self-constructed assets and other income   325   143   468   339   139   478
Goods and services purchased   (1,851)   (472)   (2,323)   (1,829)   (513)   (2,342)
Other operating expenses 1   (1,819)   (718)   (2,537)   (1,800)   (697)   (2,497)
Depreciation and amortisation 2   (1,493)   (548)   (2,041)   (1,404)   (540)   (1,944)
Intermediate inputs   (4,838)   (1,595)   (6,433)   (4,694)   (1,611)   (6,305)
Operating added value   4,827   383   5,210   5,070   303   5,373
Other non-operating result 3           (107)           (388)
Total added value           5,103           4,985
           
                         
Allocation of added value
Employees 4   2,651   224   2,875   2,748   216   2,964
Public sector 5   308   13   321   513   5   518
Shareholders (dividends)           1,148           1,147
Third-party lenders (net interest expense)           155           189
Company (retained earnings) 6           604           167
Total added value           5,103           4,985
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.

In 2016, operating added value amounted to CHF 5,210 million, 3.0% more than in 2015. Some 93% of operating added value was generated in Switzerland (prior year: 94%). Added value from inter­national operations increased by CHF 80 million to CHF 383 million.

Operating added value in Switzerland fell 4.8% year-on-year to CHF 4,827 million, while added value from operations per FTE was 4.8% lower at CHF 259,000 (prior year: 272,000).

WSGE_DP_GR_Wertschoepfungsrechnung
WSGE_2_DP_GR_Wertschoepfungsrechnung