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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.

  2021   2020

In CHF million
  Switzer-
land
  Other
countries
 
Total
  Switzer-
land
  Other
countries
 
Total
                         
Added value
Net revenue   8,579   2,604   11,183   8,614   2,486   11,100
Capitalised self-constructed assets and other income   459   139   598   362   104   466
Direct costs   (1,840)   (939)   (2,779)   (1,784)   (885)   (2,669)
Other operating expense 1   (1,184)   (661)   (1,845)   (1,147)   (641)   (1,788)
Lease expense   (243)   (58)   (301)   (244)   (56)   (300)
De­pre­ci­a­tion and amor­ti­sa­tion 2   (1,500)   (635)   (2,135)   (1,531)   (618)   (2,149)
In­ter­me­di­ate inputs   (4,308)   (2,154)   (6,462)   (4,344)   (2,096)   (6,440)
Operating added value   4,271   450   4,721   4,270   390   4,660
Other non-operating result 3           126           (110)
Total added value           4,847           4,550
           
                         
Allocation of added value
Employees 4   2,412   269   2,681   2,428   224   2,652
Public sector 5   320   17   337   317   14   331
Share­holders (dividends)           1,141           1,141
Third-party lenders (net interest expense)           60           69
Company (retained earnings) 6           628           357
Total added value           4,847           4,550
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, 90% or CHF 4.3 bil­lion was generated in Switzer­land. Operating added value in Switzer­land was unchanged year-on-year. The value added per FTE was CHF 267,000 (prior year: CHF 263,000). 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 2021, with added value of approximately 60% or CHF 2.7 bil­lion contributed by suppliers in Switzer­land.