Consolidated statement of cash flows (condensed and unaudited)
In CHF million |
Note |
1st half-year 2016 |
1st half-year 2015 |
|||
|---|---|---|---|---|---|---|
| Net income | 788 | 784 | ||||
| Adjustment for non-cash items | 1,427 | 1,343 | ||||
| Change in operating assets and liabilities | (244) | (236) | ||||
| Income taxes paid | (257) | (257) | ||||
| Cash flow provided by operating activities | 1,714 | 1,634 | ||||
| Capital expenditure | (1,193) | (1,152) | ||||
| Acquisition of subsidiaries, net of cash and cash equivalents acquired | (27) | (61) | ||||
| Proceeds from sale of subsidiaries, net of cash and cash equivalents sold | – | 28 | ||||
| Other cash flows from investing activities, net | 27 | 28 | ||||
| Cash flow used in investing activities | (1,193) | (1,157) | ||||
| Issuance and repayment of financial liabilities, net | 4 | 730 | 624 | |||
| Dividends paid to equity holders of Swisscom Ltd | 7 | (1,140) | (1,140) | |||
| Dividends paid to non-controlling interests | (8) | (7) | ||||
| Other cash flows from financing activities, net | (33) | (37) | ||||
| Cash flow used in financing activities | (451) | (560) | ||||
| Net increase (net decrease) in cash and cash equivalents | 70 | (83) | ||||
| Cash and cash equivalents at beginning of period | 324 | 302 | ||||
| Foreign currency translation adjustments in respect of cash and cash equivalents | – | 1 | ||||
| Cash and cash equivalents at end of period | 394 | 220 |