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1st Interim Report 2021
1st Interim Report 2021
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1st Interim Report 2021
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Table of contents for the 1st Interim Report 2021 report

1st Interim Report 2021
KPIsFinancial review
SummarySegment resultsDepreciation and amortisation, non operating resultsCash flowsNet asset positionOutlook
Consolidated interim financial statements
Consolidated statement of comprehensive income (unaudited)Consolidated balance sheet (unaudited)Consolidated statement of cash flows (unaudited)Consolidated statement of changes in equity (unaudited)
Notes to the interim financial statements
About this report1 Changes in accounting principles2 Segment information3 Operating costs4 Dividends5 Financial liabilities6 Financial result7 Operating net working capital8 Provisions and contingent liabilities
Alternative performance measures
Reconciliation of alternative performance measures
Further Information
Share informationQuarterly review 2020 and 2021Forward looking statements
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Reconciliation of alternative performance measures


In CHF million
 

1.1.–31.3.2021
 

1.1.–31.3.2020
 
Change
reported
  Change
at constant
exchange rates
                 
Net revenue                
Net revenue   2,803   2,737   2.4%   1.9%
                 
Operating income before depreciation and amortisation (EBITDA)                
EBITDA   1,124   1,111   1.2%   0.8%
                 
Capital expenditure                
Capital expenditure in property, plant and equipment and intangible assets   535   513   4.3%   3.5%
Payments for indefeasible rights of use (IRU)   5   3   66.7%    
Capital expenditure   540   516   4.7%   3.9%

In CHF million
 
1.1.–31.3.2021
 
1.1.–31.3.2020
  Change
reported
             
Operating free cash flow proxy            
Cash flow from operating activities   878   771   107
Capital expenditure   (540)   (516)   (24)
Depreciation of right-of-use assets   (70)   (70)   –
Depreciation of indefeasible rights of use (IRU)   6   6   –
Change in deferred gain from the sale and leaseback of real estate   7   3   4
Change in operating assets and liabilities   13   201   (188)
Change in provisions   1   1   –
Change in defined benefit obligations   (12)   (14)   2
Gain on sale of property, plant and equipment   3   –   3
Revenue from finance leases   12   14   (2)
Interest received   –   (11)   11
Interest payments for financial liabilities   13   16   (3)
Income taxes paid   198   119   79
Operating free cash flow proxy   509   520   (11)
     
             
Free cash flow            
Cash flow from operating activities   878   771   107
Cash flow used in investing activities   (404)   (498)   94
Repayment of lease liabilities   (93)   (91)   (2)
Acquisition of subsidiaries, net of cash and cash equivalents acquired   10   7   3
Proceeds from equity-accounted investees   (126)   –   (126)
Expenditure for equity-accounted investees   1   1   –
Purchase of other financial assets   6   3   3
Proceeds from other financial assets   –   (4)   4
Other cash flows from financing activities   (2)   –   (2)
Free cash flow   270   189   81