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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.

  2019   2018

In CHF million
  Switzer-
land
  Other
countries
 
Total
  Switzer-
land
  Other
countries
 
Total
                         
Added value
Net revenue   8,969   2,484   11,453   9,274   2,440   11,714
Capitalised self-constructed assets and other income   378   131   509   347   114   461
Direct costs   (1,925)   (890)   (2,815)   (2,001)   (953)   (2,954)
Other operating expense 1   (1,314)   (662)   (1,976)   (1,390)   (575)   (1,965)
Lease expense   (238)   (86)   (294)   (181)   (26)   (207)
De­pre­ci­a­tion and amor­ti­sa­tion 2   (1,542)   (594)   (2,136)   (1,521)   (586)   (2,107)
In­ter­me­di­ate inputs   (4,641)   (2,101)   (6,742)   (4,746)   (2,026)   (6,772)
Operating added value   4,328   383   4,711   4,528   414   4,942
Other non-operating result 3           (154)           (62)
Total added value           4,557           4,880
           
                         
Allocation of added value
Employees 4   2,522   231   2,753   2,531   224   2,755
Public sector 5   317   11   328   335   25   360
Share­holders (dividends)           1,141           1,141
Third-party lenders (net interest expense)           62           128
Company (retained earnings) 6           273           496
Total added value           4,557           4,880
1 Other operating expense: excl. taxes on capital and other taxes not based on income.
2 De­pre­ci­a­tion and amor­ti­sa­tion: excl. amor­ti­sa­tion of acquisition-related intangible assets such as brands or customer relations.
3 Other non-operating result: financial result excl. net interest expense, result of equity-accounted investees, 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 tax expense, capital taxes and other taxes not
based on income. Excl. payments for VAT and mobile com­mu­ni­ca­tion fre­quen­cies.
6 Company: incl. changes in deferred income taxes and defined benefit obligations.

Of the con­sol­i­dated operating added value of CHF 4.7 bil­lion, 91.9% or CHF 4.3 bil­lion was generated in Switzer­land, which was 4.4% less than in the previous year. At the same time, added value per FTE was 1.5% lower at CHF 257,000. 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 2019, 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