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Annual Report 2023
Annual Report 2023
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Statement of added value

  2023   2022

In CHF million		   Switzer-
land		   Other
countries		  
Total		   Switzer-
land		   Other
countries		  
Total
                         
Added value
Revenue   8,516   2,556   11,072   8,566   2,485   11,051
Capitalised self-constructed assets and other income   596   96   692   513   155   668
Direct costs   (1,730)   (995)   (2,725)   (1,753)   (873)   (2,626)
Other operating expense 1   (1,005)   (709)   (1,714)   (1,144)   (679)   (1,823)
Lease expense   (234)   (54)   (288)   (229)   (57)   (286)
De­pre­ci­a­tion and amor­ti­sa­tion 2   (1,486)   (585)   (2,071)   (1,483)   (594)   (2,077)
In­ter­me­di­ate inputs   (3,859)   (2,247)   (6,106)   (4,096)   (2,048)   (6,144)
Operating added value   4,657   309   4,966   4,470   437   4,907
Other non-operating result 3           (181)           (218)
Total added value           4,785           4,689
           
                         
Allocation of added value
Employees 4   2,411   306   2,717   2,396   256   2,652
Public sector 5   283   47   330   290   69   359
Share­holders (dividends)           1,141           1,141
Third-party lenders (net interest expense)           67           58
Company (retained earnings) 6           530           479
Total added value           4,785           4,689
1 Other operating expense: excl. taxes on capital and other taxes not based on income.
2 De­pre­ci­a­tion and amor­ti­sa­tion: excl. impairment losses and amor­ti­sa­tion of acquisition-related intangible assets such as customer relations.
3 Other non-operating result: financial result excl. net interest expense, result of equity-accounted investees, impairment losses and amor­ti­sa­tion of acquisition-related intangible assets.
4 Employees: employer con­tri­bu­tions are reported as pension cost, rather than as expenses according to IFRS.
5 Public sector: current income tax expense, capital taxes and other taxes not based on income. Excl. payments for VAT and mobile communication fre­quen­cies.
6 Company: including changes in deferred income taxes and defined benefit obligations.

Thanks to a modern, high-per­for­mance network infra­struc­ture and a com­pre­hen­sive, needs-driven service offer­ing, Swisscom makes an im­por­tant contrib­ution to Switzer­land’s com­pet­i­tiveness and economic success.

Of the con­sol­i­dated operating added value of CHF 5.0 bil­lion, Swisscom generated 94% or CHF 4.7 bil­lion in Switzer­land. Compared to the previous year, operating added value in Switzer­land rose by CHF 0.2 bil­lion or 4.2%. The added value per FTE in Switzer­land was CHF 293,000 (previous year: CHF 271,000). Including capital ex­pen­di­ture, the purchasing volume in the Swiss business was around CHF 4.3 bil­lion in the reporting year (previous year: CHF 4.5 bil­lion). In addition to direct added value, purchases from suppliers created significant indirect added value for Switzer­land’s economy.