Consolidated statement of cash flows (unaudited)
In CHF million |
Note |
1st half-year 2023 |
1st half-year 2022 |
|||
|---|---|---|---|---|---|---|
| Net income | 848 | 785 | ||||
| Income tax expense | 203 | 200 | ||||
| Result of equity-accounted investees | – | 1 | ||||
| Financial income | 6 | (11) | (67) | |||
| Financial expense | 6 | 75 | 80 | |||
| Depreciation and amortisation of property, plant and equipment and intangible assets | 1,056 | 1,058 | ||||
| Depreciation of right-of-use assets | 132 | 134 | ||||
| Gain on sale of property, plant and equipment | (4) | (3) | ||||
| Loss on sale of property, plant and equipment | 1 | 3 | ||||
| Expense for share-based payments | 1 | 1 | ||||
| Revenue from finance leases | (37) | (35) | ||||
| Proceeds from finance lease receivables | 74 | 30 | ||||
| Change in deferred gain from the sale and leaseback of real estate | (2) | (3) | ||||
| Change in operating assets and liabilities | 7 | (332) | (408) | |||
| Change in provisions | (12) | 57 | ||||
| Change in net defined benefit liabilities | (17) | 33 | ||||
| Interest received | 2 | 4 | ||||
| Interest payments on financial liabilities | (25) | (21) | ||||
| Interest payments on lease liabilities | (21) | (22) | ||||
| Dividends received | 1 | 1 | ||||
| Income taxes paid | (201) | (344) | ||||
| Cash flow from operating activities | 1,731 | 1,484 | ||||
| Purchase of property, plant and equipment and intangible assets | (1,104) | (1,047) | ||||
| Sale of property, plant and equipment and intangible assets | 6 | 4 | ||||
| Acquisition of subsidiaries, net of cash and cash equivalents acquired | (58) | (64) | ||||
| Proceeds from sale of subsidiaries, net of cash and cash equivalents acquired | 3 | – | ||||
| Acquisition of equity-accounted investees | (1) | (1) | ||||
| Purchase of other financial assets | (13) | (86) | ||||
| Proceeds from other financial assets | 16 | 51 | ||||
| Other cash flows from investing activities | (6) | (7) | ||||
| Cash flow used in investing activities | (1,157) | (1,150) | ||||
| Issuance of financial liabilities | 5 | 988 | 695 | |||
| Repayment of financial liabilities | 5 | (250) | (31) | |||
| Repayment of lease liabilities | (163) | (141) | ||||
| Dividends paid to equity holders of Swisscom Ltd | (1,140) | (1,140) | ||||
| Dividends paid to non-controlling interests | (1) | (2) | ||||
| Other cash flows from financing activities | (2) | 38 | ||||
| Cash flow used in financing activities | (568) | (581) | ||||
| Net increase (net decrease) in cash and cash equivalents | 6 | (247) | ||||
| Cash and cash equivalents at 1 January | 121 | 401 | ||||
| Foreign currency translation adjustments in respect of cash and cash equivalents | (1) | (7) | ||||
| Cash and cash equivalents at the end of financial period | 126 | 147 |