Consolidated statement of cash flows (unaudited)
In CHF million |
Note |
1st half-year 2018 |
1st half-year 2017 |
|||
---|---|---|---|---|---|---|
Net income | 787 | 839 | ||||
Income tax expense | 206 | 263 | ||||
Result of equity-accounted investees | – | 3 | ||||
Financial income | 6 | (30) | (11) | |||
Financial expense | 6 | 100 | 109 | |||
Depreciation, amortisation and impairment losses | 1,080 | 1,057 | ||||
Gain on sale of property, plant and equipment | (4) | (1) | ||||
Loss on disposal of property, plant and equipment | 3 | – | ||||
Expense for share-based payments | 1 | 1 | ||||
Change in provisions | (28) | (22) | ||||
Change in defined benefit obligations | 30 | (24) | ||||
Change in operating assets and liabilities | 7 | (324) | (137) | |||
Change in deferred gain from the sale and leaseback of real estate | (6) | (3) | ||||
Interest received | 11 | 11 | ||||
Interest paid | (28) | (32) | ||||
Dividend received | 18 | 15 | ||||
Income taxes paid | (272) | (235) | ||||
Cash flow from operating activities | 1,544 | 1,833 | ||||
Purchase of property, plant and equipment and intangible assets | (1,069) | (1,057) | ||||
Sale of property, plant and equipment and intangible assets | 6 | 2 | ||||
Acquisition of subsidiaries, net of cash and cash equivalents acquired | (18) | (55) | ||||
Purchase of equity-accounted investees | (19) | (8) | ||||
Sale of equity-accounted investees | – | 1 | ||||
Purchase of other financial assets | (19) | (22) | ||||
Proceeds from other financial assets | 17 | 18 | ||||
Cash flow used in investing activities | (1,102) | (1,121) | ||||
Issuance of financial liabilities | 5 | 738 | 523 | |||
Repayment of financial liabilities | 5 | (51) | (82) | |||
Dividends paid to equity holders of Swisscom Ltd | 4 | (1,140) | (1,140) | |||
Dividends paid to non-controlling interests | (1) | (8) | ||||
Acquisition of non-controlling interests | – | (12) | ||||
Other cash flows from financing activities | (5) | (6) | ||||
Cash flow used in financing activities | (459) | (725) | ||||
Net decrease in cash and cash equivalents | (17) | (13) | ||||
Cash and cash equivalents at 1 January | 525 | 329 | ||||
Foreign currency translation adjustments in respect of cash and cash equivalents | (2) | 2 | ||||
Cash and cash equivalents at the end of financial period | 506 | 318 |