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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.

  2020   2019

In CHF million
  Switzer-
land
  Other
countries
 
Total
  Switzer-
land
  Other
countries
 
Total
                         
Added value
Net revenue   8,614   2,486   11,100   8,969   2,484   11,453
Capitalised self-constructed assets and other income   362   104   466   378   131   509
Direct costs   (1,784)   (885)   (2,669)   (1,925)   (890)   (2,815)
Other operating expense 1   (1,147)   (641)   (1,788)   (1,314)   (662)   (1,976)
Lease expense   (244)   (56)   (300)   (238)   (56)   (294)
De­pre­ci­a­tion and amor­ti­sa­tion 2   (1,531)   (618)   (2,149)   (1,542)   (624)   (2,166)
In­ter­me­di­ate inputs   (4,344)   (2,096)   (6,440)   (4,641)   (2,101)   (6,742)
Operating added value   4,270   390   4,660   4,328   383   4,711
Other non-operating result 3           (110)           (154)
Total added value           4,550           4,557
           
                         
Allocation of added value
Employees 4   2,428   224   2,652   2,522   231   2,753
Public sector 5   317   14   331   317   11   328
Share­holders (dividends)           1,141           1,141
Third-party lenders (net interest expense)           69           62
Company (retained earnings) 6           357           273
Total added value           4,550           4,557
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, 92% or CHF 4.3 bil­lion was generated in Switzer­land, which was 1.3% less than in the previous year. In 2020, the value added per full-time equivalent amounted to 263,000 (prior year: 257,000). In addition to direct added value, purchases from suppliers provide significant indirect added value for Switzer­land’s economy. Taking into account capital ex­pen­di­ture instead of de­pre­ci­a­tion and amor­ti­sa­tion, the purchasing volume in the Swiss business was around CHF 4.4 bil­lion in 2020, with added value contributed by suppliers in Switzer­land of approximately 60% or CHF 2.6 bil­lion.