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Statement of added value

Thanks to a modern, high-performance network infrastructure and a comprehensive, needs-driven service offering, Swisscom makes an important contribution to Switzerland’s competitiveness and economic success and generates direct added value. Operating added value is equivalent to net revenue less goods and services purchased, other indirect costs and depreciation and amortisation. Personnel expense in the statement of added value is treated as use of added value rather than as an intermediate input.

  2017   2016
In CHF million   Switzerland   Abroad   Total   Switzerland   Abroad   Total
                         
Added value
Net revenue   9,476   2,186   11,662   9,665   1,978   11,643
Capitalised self-constructed assets and other income   325   183   508   325   143   468
Direct costs   (1,946)   (720)   (2,666)   (2,036)   (723)   (2,759)
Other operating expenses 1   (1,594)   (604)   (2,198)   (1,634)   (467)   (2,101)
Depreciation and amortisation 2   (1,528)   (586)   (2,114)   (1,493)   (548)   (2,041)
Intermediate inputs   (4,743)   (1,727)   (6,470)   (4,838)   (1,595)   (6,433)
Operating added value   4,733   459   5,192   4,827   383   5,210
Other non-operating result 3           (72)           (107)
Total added value           5,120           5,103
           
                         
Allocation of added value
Employees 4   2,666   244   2,910   2,651   224   2,875
Public sector 5   376   18   394   308   13   321
Shareholders (dividends)           1,148           1,148
Third-party lenders (net interest expense)           149           155
Company (retained earnings) 6           519           604
Total added value           5,120           5,103
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.

Of the consolidated operating added value of CHF 5.2 bil­lion, 91% or CHF 4.7 bil­lion was generated in Switzerland, which was 1.9% less than in the previous year. In contrast, added value per FTE was 1.2% higher at CHF 262,000. In addition to direct added value, purchases from suppliers provide significant indirect added value for Switzerland’s economic development. Taking into account capital expenditure instead of depreciation and amortisation, the purchasing volume in the Swiss business was around CHF 4.9 bil­lion in 2017, with added value contributed by suppliers in Switzerland of approximately 60% or CHF 2.9 bil­lion.

WSGE_DP_GR_Wertschoepfungsrechnung
WSGE_2_DP_GR_Wertschoepfungsrechnung