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 |