Consolidated statement of comprehensive income

In CHF million, except for per share amounts	Note	2019	2018

Income statement
Net revenue	1.1	11,453	11,714
Direct costs	1.2	(2,815)	(2,954)
Personnel expense	1.2, 4.1	(2,800)	(2,815)
Other operating expense	1.2	(1,989)	(2,193)
Capitalised self-constructed assets and other income	1.2	509	461
Operating income before depreciation and amortisation		4,358	4,213
Depreciation and amortisation of property, plant and equipment and intangible assets	3.2, 3.3	(2,166)	(2,144)
Depreciation of right-of-use assets	2.3	(282)	–
Operating income		1,910	2,069
Financial income	2.4	33	28
Financial expense	2.4	(191)	(186)
Result of equity-accounted investees	5.3	(28)	5
Income before income taxes		1,724	1,916
Income tax expense	6.1	(55)	(395)
Net income		1,669	1,521


Other comprehensive income
Actuarial gains and losses from defined benefit pension plans	2.1	146	(62)
Change in fair value of equity instruments	2.1	2	9
Items that will not be reclassified to income statement		148	(53)
Foreign currency translation adjustments of foreign subsidiaries	2.1	(55)	(40)
Change in cash flow hedges	2.1	7	6
Other comprehensive income from equity-accounted investees	2.1	2	1
Items that may be reclassified to income statement		(46)	(33)
Other comprehensive income		102	(86)


Comprehensive income
Net income		1,669	1,521
Other comprehensive income		102	(86)
Comprehensive income		1,771	1,435


Share of net income and comprehensive income
Equity holders of Swisscom Ltd		1,672	1,527
Non-controlling interests		(3)	(6)
Net income		1,669	1,521

Equity holders of Swisscom Ltd		1,774	1,441
Non-controlling interests		(3)	(6)
Comprehensive income		1,771	1,435


Earnings per share
Basic and diluted earnings per share (in CHF)	2.1	32.28	29.48

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Con­sol­i­dated statement of com­pre­hen­sive income

Consolidated statement of comprehensive income