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Consolidated statement of cash flows (unaudited)


In CHF million
 
Note
  1st half-year
2020
  1st half-year
2019
Net income       736   780
Income tax expense       146   158
Result of equity-accounted investees       (3)   (2)
Financial income   6    (10)   (27)
Financial expense   6    114   98
Depreciation and amortisation of property, plant and equipment and intangible assets       1,078   1,097
Depreciation of right-of-use assets       147   136
Gain on sale of property, plant and equipment         (4)
Expense for share-based payments       1   1
Revenue from finance leases       (27)  
Change in deferred gain from the sale and leaseback of real estate       (6)   (6)
Change in operating assets and liabilities   7    (71)   (151)
Change in provisions       (10)   (4)
Change in defined benefit obligations       29   26
Interest received       9   11
Interest payments on financial liabilities       (20)   (16)
Interest payments on lease liabilities       (22)   (15)
Dividends received       15   18
Income taxes paid       (156)   (293)
Cash flow from operating activities       1,950   1,807
Purchase of property, plant and equipment and intangible assets       (1,069)   (1,297)
Sale of property, plant and equipment and intangible assets       2   7
Acquisition of subsidiaries, net of cash and cash equivalents acquired       (16)   (281)
Expenses for shareholdings accounted for using the equity method       (9)   (7)
Purchase of other financial assets       (18)   (8)
Proceeds from other financial assets       44   16
Cash flow used in investing activities       (1,066)   (1,570)
Issuance of financial liabilities   5    887   957
Repayment of financial liabilities   5    (543)   (35)
Repayment of lease liabilities       (151)   (132)
Dividends paid to equity holders of Swisscom Ltd       (1,140)   (1,140)
Dividends paid to non-controlling interests       (1)   (1)
Other cash flows from financing activities       (15)   (5)
Cash flow used in financing activities       (963)   (356)
Net decrease in cash and cash equivalents       (79)   (119)
Cash and cash equivalents at 1 January       328   474
Foreign currency translation adjustments in respect of cash and cash equivalents       (2)   (2)
Cash and cash equivalents at the end of financial period       247   353