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In CHF million   Note   2020   2019
Net income       1,528   1,669
Income tax expense   6.1    271   55
Result of equity-accounted investees   5.3    (4)   28
Financial income   2.4    (41)   (33)
Financial expense   2.4    193   191
De­pre­ci­a­tion and amor­ti­sa­tion of property, plant and equipment and intangible assets   3.2, 3.3    2,149   2,166
De­pre­ci­a­tion of right-of-use assets   2.3    286   282
Gain on sale of property, plant and equipment   1.2    (10)   (13)
Expense for share-based payments       1   1
Revenue from finance lease       (101)   (101)
Change in deferred gain from the sale and leaseback of real estate   2.3    (16)   (12)
Change in operating assets and liabilities   3.1    178   112
Change in provisions   3.5    (22)   46
Change in defined benefit obligations   4.3    65   48
Interest received       24   25
Dividends received   5.3    15   18
Interest payments on financial liabilities   2.2    (93)   (88)
Interest payments on lease liabilities   2.3    (45)   (42)
Income taxes paid   6.1    (309)   (371)
Cash flow from operating activities       4,069   3,981
Purchase of property, plant and equipment and intangible assets   3.2, 3.3    (2,188)   (2,390)
Sale of property, plant and equipment and intangible assets       16   31
Acquisition of sub­sidiaries, net of cash and cash equivalents acquired   5.2    (39)   (394)
Sale of sub­sidiaries net of cash and cash equivalents sold   5.2      (3)
Payments for equity-accounted investees   5.2    (15)   (15)
Proceeds from finance lease receivables       100   38
Purchase of other financial assets       (121)   (13)
Proceeds from other financial assets       20   52
Remaining cash flows from investing activities       (4)   (39)
Cash flow used in investing activities       (2,231)   (2,733)
Issuance of financial liabilities   2.2    732   417
Repayment of financial liabilities   2.2    (1,110)   (374)
Repayment of lease liabilities   2.3    (287)   (276)
Dividends paid to equity holders of Swisscom Ltd   2.1    (1,140)   (1,140)
Dividends paid to non-controlling interests       (1)   (1)
Acquisition of non-controlling interests       (1)   (1)
Other cash flows from financing activities       (17)   (15)
Cash flow used in financing activities       (1,824)   (1,390)
Net increase (decrease) in cash and cash equivalents       14   (142)
Cash and cash equivalents at 1 January       328   474
Foreign currency translation adjustments in respect of cash and cash equivalents       (2)   (4)
Cash and cash equivalents at 31 December       340   328