Consolidated statement of cash flows (condensed and unaudited)
In CHF million |
Note |
1st half-year 2017 |
1st half-year 2016 |
|||
---|---|---|---|---|---|---|
Net income | 839 | 788 | ||||
Adjustment for non-cash items | 1,421 | 1,427 | ||||
Change in operating assets and liabilities | (186) | (244) | ||||
Income taxes paid | (235) | (257) | ||||
Cash flow provided by operating activities | 1,839 | 1,714 | ||||
Capital expenditure | (1,057) | (1,193) | ||||
Acquisition of subsidiaries, net of cash and cash equivalents acquired | (55) | (27) | ||||
Other cash flows from investing activities, net | 17 | 27 | ||||
Cash flow used in investing activities | (1,095) | (1,193) | ||||
Issuance and repayment of financial liabilities, net | 4 | 441 | 730 | |||
Dividends paid to equity holders of Swisscom Ltd | 7 | (1,140) | (1,140) | |||
Dividends paid to non-controlling interests | (8) | (8) | ||||
Other cash flows from financing activities, net | (50) | (33) | ||||
Cash flow used in financing activities | (757) | (451) | ||||
(Net decrease) Net increase in cash and cash equivalents | (13) | 70 | ||||
Cash and cash equivalents at beginning of period | 329 | 324 | ||||
Foreign currency translation adjustments in respect of cash and cash equivalents | 2 | – | ||||
Cash and cash equivalents at end of period | 318 | 394 |