Consolidated statement of comprehensive income (unaudited)

In CHF million, except for per share amounts	Note	1.1.–31.3.2020	1.1.–31.3.2019

Income statement
Net revenue	2	2,737	2,860
Direct costs	3	(626)	(683)
Personnel expense	3	(700)	(724)
Other operating expense	3	(407)	(448)
Capitalised self-constructed assets and other income	3	107	114
Operating income before depreciation and amortisation		1,111	1,119
Depreciation and amortisation of property, plant and equipment and intangible assets		(537)	(547)
Depreciation of right-of-use assets		(70)	(67)
Operating income		504	505
Financial income	6	7	26
Financial expense	6	(44)	(46)
Result of equity-accounted investees		1	2
Income before income taxes		468	487
Income tax expense		(74)	(104)
Net income		394	383


Other comprehensive income
Actuarial gains and losses from defined benefit pension plans		(164)	(208)
Change in fair value of equity instruments		(7)	1
Items that will not be reclassified to income statement		(171)	(207)
Foreign currency translation adjustments of foreign subsidiaries		(35)	(11)
Change in cash flow hedges		(3)	4
Items that are or may be reclassified subsequently to income statement		(38)	(7)
Other comprehensive income		(209)	(214)


Comprehensive income
Net income		394	383
Other comprehensive income		(209)	(214)
Comprehensive income		185	169


Share of net income and comprehensive income
Equity holders of Swisscom Ltd		395	385
Non-controlling interests		(1)	(2)
Net income		394	383

Equity holders of Swisscom Ltd		186	171
Non-controlling interests		(1)	(2)
Comprehensive income		185	169


Earnings per share
Basic and diluted earnings per share (in CHF)		7.63	7.43