1 Accounting policies

As of 1 January 2024, Swisscom adopted various amendments to the existing International Accounting Standards (IFRS) and interpretations, none of which has a material impact on the results or the financial position of the Group.

Swisscom reviewed the classification and presentation of direct and indirect costs. The review resulted in the introduction of changes, primarily to the way purchased network services are classified and presented, from 2024 onwards. This improves the presentation of operating expenses for the financial management of Swisscom’s operating units. The previous year was adjusted accordingly. The change increases direct costs, and reduces indirect costs, for the 2023 financial year by CHF 181 million in each case (first nine months of 2023: CHF 144 million).