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2nd Interim Report 2023
2nd Interim Report 2023
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2nd Interim Report 2023
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Table of contents for the 2nd Interim Report 2023 report

2nd Interim Report 2023
KPIsFinancial review
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 Accounting policies2 Segment information3 Operating costs4 Dividend5 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 2022 and 2023Forward looking statements
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8 Provisions and contingent liabilities

Provisions

Provisions changed as follows in the first six months of 2023:


In CHF million
  Dismantlement
and restoration
costs
  Regulatory and
competition law
proceedings
 
Termination
benefits
 

Others
 

Total
Balance at 1 January 2023   658   283   31   187   1,159
Additions to provisions   –   13   –   35   48
Adjustments recognised under property, plant and equipment   87   –   –   –   87
Interest and present-value adjustments   7   (2)   –   –   5
Release of unused provisions   –   (20)   –   (6)   (26)
Use of provisions   (12)   –   (7)   (15)   (34)
Balance at 30 June 2023   740   274   24   201   1,239
Thereof current provisions   –   62   20   72   154
Thereof non-current provisions   740   212   4   129   1,085

In accordance with the Telecommunications Act, Swisscom provides access services (incl. interconnection) to other telecommunications service providers in Switzerland. In previous years, several telecommunications service providers demanded ComCom to reduce the prices charged to them by Swisscom for regulated network access services. The Competition Commission (COMCO) has also launched various investigations against Swisscom in the past.

In the past, Swisscom recognised provisions for regulatory and antitrust proceedings on the basis of legal assessments. As a result of the reassessment of these proceedings, provisions of CHF 10 million were set up in the first half of 2023 and provisions of CHF 20 million were reversed. Any payments to be made will depend upon the date on which legally binding decrees and decisions are issued, and could probably occur within five years.

Contingent liabilities for regulatory and competition law proceedings

With regard to the contingent liabilities reported in the 2022 consolidated financial statements in connection with regulatory and antitrust proceedings, Swisscom is of the opinion that an outflow of resources is unlikely and, as before, has therefore not recognised any provisions for this in the consolidated financial statements as at 30 June 2023.