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In CHF million, except where indicated       30.9.2019 1   30.9.2018   Change
                 
Net revenue and results
Net revenue       8,456   8,689   –2.7%
Operating income before depreciation and amortisation (EBITDA) 2       3,360   3,231   4.0%
EBITDA as % of net revenue   %   39.7   37.2    
Operating income (EBIT) 3       1,529   1,621   –5.7%
Net income       1,181   1,213   –2.6%
Earnings per share   CHF   22.84   23.49   –2.8%
     
Balance sheet and cash flows
Equity at end of year       7,989   8,314   –3.9%
Equity ratio at end of year 1, 4   %   33.3   37.7    
Operating free cash flow proxy 5       1,321   1,610   –18.0%
Capital expenditure in property, plant and equipment and intangible assets       1,833   1,621   13.1%
Net debt at end of period 1, 6       8,933   7,641   16.9%
     
Operational data at end of period
Fixed telephony access lines in Switzerland   in thousand   1,643   1,846   –11.0%
Broadband access lines retail in Switzerland   in thousand   2,027   2,030   –0.1%
Swisscom TV access lines in Switzerland   in thousand   1,540   1,510   2.0%
Mobile access lines in Switzerland   in thousand   6,358   6,409   –0.8%
Revenue generating units (RGU) Switzerland 7   in thousand   11,568   11,795   –1.9%
Broadband access lines wholesale in Switzerland   in thousand   509   472   7.8%
Broadband access lines in Italy   in thousand   2,610   2,518   3.7%
Mobile access lines in Italy   in thousand   1,742   1,324   31.6%
       
Swisscom share
Number of issued shares at end of period   in thousand   51,802   51,802  
Market capitalisation at end of year 8       25,502   23,073   10.5%
Closing price at end of period   CHF   492.30   445.40   10.5%
                 
Employees
Full-time equivalent employees at end of year   number   19,500   19,850   –1.8%
Average number of full-time equivalent employees   number   19,646   20,149   –2.5%
1 Swisscom has been applying IFRS 16 “Leases” since 1 January 2019. The prior year's figures have not been adjusted. As a consequence of the first-time application of IFRS 16, additional lease liabilities and right-of-use assets of CHF 1,314 million were reported with effect from 1 January 2019. As a result, the equity ratio fell to 34.2% as at 1 January 2019.
2 Definition operating income before depreciation and amortisation (EBITDA): operating income before depreciation and amortisation of property, plant and equipment, intangible assets and of right-of-use assets, gain on sale of subsidiaries, net financial result, share of results of equity-accounted investees and income tax expense. The EBITDA of the previous year includes expenses of CHF 150 million from operating leases in accordance with IAS 17.
3 Definition operating income (EBIT): operating income before gain on sale of subsidiaries, net financial result, share of results of equity-accounted investees and income tax expense.
4 Equity as a percentage of total assets.
5 Definition operating free cash flow proxy: operating income before depreciation and amortisation (EBITDA), less lease expense according to IFRS 16 and capital expenditure in property, plant and equipment and intangible assets.
6 Definition net debt: financial liabilities and lease liabilities less cash and cash equivalents, current financial assets, non-current fixed interest-bearing financial assets and derivative financial instruments for financing received.
7 Definition revenue generating units (RGU) in Switzerland: fixed telephony access lines, broadband access lines retail, Swisscom TV access lines and mobile access lines.
8 Closing price at end of period, multiplied by number of shares outstanding at end of period.