Consolidated statement of cash flows (unaudited)
In CHF million |
Note |
1st half-year 2018 |
1st half-year 2017 |
|||
|---|---|---|---|---|---|---|
| Net income | 787 | 839 | ||||
| Income tax expense | 206 | 263 | ||||
| Result of equity-accounted investees | – | 3 | ||||
| Financial income | 6 | (30) | (11) | |||
| Financial expense | 6 | 100 | 109 | |||
| Depreciation, amortisation and impairment losses | 1,080 | 1,057 | ||||
| Gain on sale of property, plant and equipment | (4) | (1) | ||||
| Loss on disposal of property, plant and equipment | 3 | – | ||||
| Expense for share-based payments | 1 | 1 | ||||
| Change in provisions | (28) | (22) | ||||
| Change in defined benefit obligations | 30 | (24) | ||||
| Change in operating assets and liabilities | 7 | (324) | (137) | |||
| Change in deferred gain from the sale and leaseback of real estate | (6) | (3) | ||||
| Interest received | 11 | 11 | ||||
| Interest paid | (28) | (32) | ||||
| Dividend received | 18 | 15 | ||||
| Income taxes paid | (272) | (235) | ||||
| Cash flow from operating activities | 1,544 | 1,833 | ||||
| Purchase of property, plant and equipment and intangible assets | (1,069) | (1,057) | ||||
| Sale of property, plant and equipment and intangible assets | 6 | 2 | ||||
| Acquisition of subsidiaries, net of cash and cash equivalents acquired | (18) | (55) | ||||
| Purchase of equity-accounted investees | (19) | (8) | ||||
| Sale of equity-accounted investees | – | 1 | ||||
| Purchase of other financial assets | (19) | (22) | ||||
| Proceeds from other financial assets | 17 | 18 | ||||
| Cash flow used in investing activities | (1,102) | (1,121) | ||||
| Issuance of financial liabilities | 5 | 738 | 523 | |||
| Repayment of financial liabilities | 5 | (51) | (82) | |||
| Dividends paid to equity holders of Swisscom Ltd | 4 | (1,140) | (1,140) | |||
| Dividends paid to non-controlling interests | (1) | (8) | ||||
| Acquisition of non-controlling interests | – | (12) | ||||
| Other cash flows from financing activities | (5) | (6) | ||||
| Cash flow used in financing activities | (459) | (725) | ||||
| Net decrease in cash and cash equivalents | (17) | (13) | ||||
| Cash and cash equivalents at 1 January | 525 | 329 | ||||
| Foreign currency translation adjustments in respect of cash and cash equivalents | (2) | 2 | ||||
| Cash and cash equivalents at the end of financial period | 506 | 318 |