Consolidated balance sheet

In CHF million	Note	31.12.2019	31.12.2018

Assets
Cash and cash equivalents		328	474
Trade receivables	3.1	2,183	2,189
Other operating assets	3.1	1,156	1,243
Other financial assets		73	82
Current income tax assets	6.1	4	2
Total current assets		3,744	3,990
Property, plant and equipment	3.2	10,529	10,889
Intangible assets	3.3	1,842	1,860
Goodwill	3.4	5,163	5,167
Right-of-use assets	2.3	2,177	–
Equity-accounted investees	5.3	156	174
Other financial assets		484	339
Deferred tax assets	6.1	152	167
Total non-current assets		20,503	18,596
Total assets		24,247	22,586


Liabilities and equity
Financial liabilities	2.2	1,411	1,340
Lease liabilities	2.3	232	21
Trade payables	3.1	1,614	1,658
Provisions	3.5	163	131
Other operating liabilities	3.1	1,182	1,127
Current income tax liabilities	6.1	174	250
Total current liabilities		4,776	4,527
Financial liabilities	2.2	6,049	6,443
Lease liabilities	2.3	1,795	363
Defined benefit obligations	4.3	1,058	1,196
Provisions	3.5	983	901
Deferred gain on sale and leaseback of real estate	2.3	122	134
Deferred tax liabilities	6.1	589	814
Total non-current liabilities		10,596	9,851
Total liabilities		15,372	14,378
Share capital		52	52
Capital reserves		136	136
Retained earnings	2.1	10,454	9,759
Foreign currency translation adjustments	2.1	(1,781)	(1,728)
Hedging reserve	2.1	11	4
Equity attributable to equity-holders of Swisscom Ltd		8,872	8,223
Non-controlling interests		3	(15)
Total equity		8,875	8,208
Total liabilities and equity		24,247	22,586

Con­sol­i­dated balance sheet