Consolidated statement of comprehensive income

In CHF million, except for per share amounts	Note	2020	2019

Income statement
Net revenue	1.1	11,100	11,453
Direct costs	1.2	(2,669)	(2,815)
Personnel expense	1.2, 4.1	(2,717)	(2,800)
Other operating expense	1.2	(1,798)	(1,989)
Capitalised self-constructed assets and other income	1.2	466	509
Operating income before depreciation and amortisation		4,382	4,358
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)
Operating income		1,947	1,910
Financial income	2.4	41	33
Financial expense	2.4	(193)	(191)
Result of equity-accounted investees	5.3	4	(28)
Income before income taxes		1,799	1,724
Income tax expense	6.1	(271)	(55)
Net income		1,528	1,669


Other comprehensive income
Actuarial gains and losses from defined benefit pension plans	2.1	261	146
Change in fair value of equity instruments	2.1	(9)	2
Items that will not be reclassified to income statement		252	148
Foreign currency translation adjustments of foreign subsidiaries	2.1	(5)	(55)
Change in cash flow hedges	2.1	(3)	7
Other comprehensive income from equity-accounted investees	2.1	(5)	2
Items that may be reclassified to income statement		(13)	(46)
Other comprehensive income		239	102


Comprehensive income
Net income		1,528	1,669
Other comprehensive income		239	102
Comprehensive income		1,767	1,771


Share of net income and comprehensive income
Equity holders of Swisscom Ltd		1,530	1,672
Non-controlling interests		(2)	(3)
Net income		1,528	1,669

Equity holders of Swisscom Ltd		1,769	1,774
Non-controlling interests		(2)	(3)
Comprehensive income		1,767	1,771


Earnings per share
Basic and diluted earnings per share (in CHF)	2.1	29.54	32.28

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Con­sol­i­dated statement of com­pre­hen­sive income

Consolidated statement of comprehensive income