Menu

3rd Interim Report 2022
3rd Interim Report 2022
Open report

Language

Leave

Report switcher allows selecting another report from a different reporting period

3rd Interim Report 2022
  • 1st Interim Report 2025
  • Sustainability Impact Report 2024
  • Annual Report 2024
  • 3rd Interim Report 2024
  • 2nd Interim Report 2024
  • 1st Interim Report 2024
  • Annual Report 2023
  • 3rd Interim Report 2023
  • 2nd Interim Report 2023
  • 1st Interim Report 2023
  • Annual Report 2022
  • 3rd Interim Report 2022
  • 2nd Interim Report 2022
  • 1st Interim Report 2022
  • Annual Report 2021
  • 3rd Interim Report 2021
  • 2nd Interim Report 2021
  • 1st Interim Report 2021
  • Annual Report 2020
  • 3rd Interim Report 2020
  • 2nd Interim Report 2020
  • 1st Interim Report 2020
  • Annual Report 2019
  • 3rd Interim Report 2019
  • 2nd Interim Report 2019
  • 1st Interim Report 2019
  • Index
  • Search

Table of contents for the 3rd Interim Report 2022 report

3nd Interim Report 2022
KPIsBusiness performance
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 Net current operating assets8 Provisions and contingent liabilities
Alternative performance measures
Reconciliation of alternative performance measures
Further information
Share informationQuarterly review 2021 and 2022Forward looking statements
We found 0 search results

No search results. Please enter a different search term.

Net asset position

In CHF million, except where indicated   30.9.2022   31.12.2021   Change
Property, plant and equipment   10,607   10,771   –1.5%
Intangible assets   1,663   1,714   –3.0%
Goodwill   5,152   5,157   –0.1%
Right-of-use assets   2,020   2,134   –5.3%
Trade receivables   2,225   2,315   –3.9%
Receivables from finance leases   109   99   10.1%
Trade payables   (1,552)   (1,600)   –3.0%
Provisions   (1,073)   (1,149)   –6.6%
Deferred gain on sale and leaseback of real estate   (88)   (95)   –7.4%
Other operating assets and liabilities, net   (253)   (438)   –42.2%
Net operating assets   18,810   18,908   –0.5%
Net debt   (7,704)   (7,706)   –%
Defined benefit obligations   (8)   (13)   –38.5%
Income tax assets and liabilities, net   (785)   (835)   –6.0%
Equity-accounted investees and other non-current financial assets   454   459   –1.1%
Equity   10,767   10,813   –0.4%
             
Equity ratio in %   44.2   43.6    

Net operating assets were virtually unchanged at CHF 18,810 million (–0.5%) compared with year-end 2021. The decrease in equity by 0.4% or CHF 46 million to CHF 10,767 million is due to net income of CHF 1,214 million less the negative other comprehensive income of CHF 117 million as a result of currency translation and the dividend payment of CHF 1,140 million. The equity ratio increased from 43.6% to 44.2% as a result of the lower balance sheet total.

Net debt

Net debt comprises financial liabilities and lease liabilities less cash and cash equivalents, listed debt instruments, financial assets in connection with financing and other current financial assets.

In CHF million, except where indicated   30.9.2022   31.12.2021   Change
Debenture bonds   4,850   5,564   –12.8%
Bank loans   951   488   94.9%
Private placements   321   151   112.6%
Other financial liabilities   282   242   16.5%
Total financial liabilities   6,404   6,445   –0.6%
Cash and cash equivalents   (158)   (401)   –60.6%
Quoted debt instruments   (302)   (278)   8.6%
Other financial assets   (168)   (77)   118.2%
Net debt excl. lease liabilities   5,776   5,689   1.5%
Lease liabilities   1,928   2,017   –4.4%
Net debt   7,704   7,706   –%

In recent years, Swisscom has taken advantage of favourable capital market conditions with a view to optimising the interest and maturity structure of the Group’s financial liabilities. As at 30 September 2022, the average interest rate on financial liabilities was 0.85%, the average residual term to maturity was 5.3 years, and the share of fixed-interest-bearing financial liabilities was 78%. Swisscom also has two lines of credit totalling CHF 2.2 bil­lion, which have still not been used.