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3rd Interim Report 2022
3rd Interim Report 2022
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3rd Interim Report 2022
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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
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6 Financial result

In CHF million   1.1.–30.9.2022   1.1.–30.9.2021
Interest income on financial assets   3   2
Interest income on net defined benefit assets   1   –
Change in fair value of interest rate swaps   65   22
Gain from transactions with equity-accounted investees   –   207
Foreign exchange gains   –   19
Other financial income   3   17
Total financial income   72   267
Interest expense on financial liabilities   (49)   (48)
Interest expense on lease liabilities   (33)   (33)
Interest expense on defined benefit obligations   –   (1)
Foreign exchange losses   (8)   –
Present-value adjustments on provisions   (14)   (30)
Other financial expense   (15)   (17)
Total financial expense   (119)   (129)
Financial income and financial expense, net   (47)   138
     
Interest expense on lease liabilities   (33)   (33)
Net interest expense on financial assets and liabilities   (46)   (46)

In the first quarter of 2021, as part of its strategic partnership with TIM, Fastweb transferred its stake in Flash Fiber as a capital contribution to the newly established fibre-optic company FiberCop. For contributing its 20% stake to Flash Fiber, Fastweb has received a 4.5% stake in FiberCop. The fair value of the FiberCop investment was EUR 210 million (CHF 232 million). The transaction resulted in a gain on the Flash Fiber participation of CHF 169 million, which was recognised in the income statement in the first quarter of 2021. In addition, in the first quarter of 2021, Swisscom sold its holding in Belgacom International Carrier Services (BICS) for a sale price of EUR 115 million (CHF 126 million). Swisscom realised a gain of CHF 38 million from the sale of BICS.