Consolidated statement of cash flows (unaudited)
In CHF million |
Note |
1st half-year 2022 |
1st half-year 2021 |
|||
---|---|---|---|---|---|---|
Net income | 785 | 1,046 | ||||
Income tax expense | 200 | 201 | ||||
Result of equity-accounted investees | 1 | 4 | ||||
Financial income | 6 | (67) | (258) | |||
Financial expense | 6 | 80 | 96 | |||
Depreciation and amortisation of property, plant and equipment and intangible assets | 1,058 | 1,087 | ||||
Depreciation of right-of-use assets | 134 | 141 | ||||
Gain on sale of property, plant and equipment | (3) | (3) | ||||
Loss on sale of property, plant and equipment | 3 | – | ||||
Expense for share-based payments | 1 | 1 | ||||
Revenue from finance leases | (35) | (51) | ||||
Proceeds from finance lease receivables | 30 | 47 | ||||
Change in deferred gain from the sale and leaseback of real estate | (3) | (8) | ||||
Change in operating assets and liabilities | 7 | (408) | (121) | |||
Change in provisions | 57 | (2) | ||||
Change in net defined benefit liabilities | 33 | (36) | ||||
Interest received | 4 | 2 | ||||
Interest payments on financial liabilities | (21) | (18) | ||||
Interest payments on lease liabilities | (22) | (22) | ||||
Dividends received | 1 | 1 | ||||
Income taxes paid | (344) | (229) | ||||
Cash flow from operating activities | 1,484 | 1,878 | ||||
Purchase of property, plant and equipment and intangible assets | (1,047) | (1,078) | ||||
Sale of property, plant and equipment and intangible assets | 4 | 5 | ||||
Acquisition of subsidiaries, net of cash and cash equivalents acquired | (64) | (25) | ||||
Expenses for shareholdings accounted for using the equity method | (1) | (1) | ||||
Proceeds from sale of equity-accounted investees | – | 134 | ||||
Purchase of other financial assets | (86) | (11) | ||||
Proceeds from other financial assets | 51 | 101 | ||||
Other cash flows from investing activities | (7) | (8) | ||||
Cash flow used in investing activities | (1,150) | (883) | ||||
Issuance of financial liabilities | 5 | 695 | 323 | |||
Repayment of financial liabilities | 5 | (31) | (121) | |||
Repayment of lease liabilities | (141) | (152) | ||||
Dividends paid to equity holders of Swisscom Ltd | (1,140) | (1,140) | ||||
Dividends paid to non-controlling interests | (2) | (1) | ||||
Other cash flows from financing activities | 38 | (7) | ||||
Cash flow used in financing activities | (581) | (1,098) | ||||
Net decrease in cash and cash equivalents | (247) | (103) | ||||
Cash and cash equivalents at 1 January | 401 | 340 | ||||
Foreign currency translation adjustments in respect of cash and cash equivalents | (7) | 3 | ||||
Cash and cash equivalents at the end of financial period | 147 | 240 |