Menu

3rd Interim Report 2020
3rd Interim Report 2020
Open report

Language

Leave

Report switcher allows selecting another report from a different reporting period

3rd Interim Report 2020
  • 1st Interim Report 2025
  • Sustainability Impact Report 2024
  • Annual Report 2024
  • 3rd Interim Report 2024
  • 2nd Interim Report 2024
  • 1st Interim Report 2024
  • Annual Report 2023
  • 3rd Interim Report 2023
  • 2nd Interim Report 2023
  • 1st Interim Report 2023
  • Annual Report 2022
  • 3rd Interim Report 2022
  • 2nd Interim Report 2022
  • 1st Interim Report 2022
  • Annual Report 2021
  • 3rd Interim Report 2021
  • 2nd Interim Report 2021
  • 1st Interim Report 2021
  • Annual Report 2020
  • 3rd Interim Report 2020
  • 2nd Interim Report 2020
  • 1st Interim Report 2020
  • Annual Report 2019
  • 3rd Interim Report 2019
  • 2nd Interim Report 2019
  • 1st Interim Report 2019
  • Index
  • Search

Table of contents for the 3rd Interim Report 2020 report

3rd Interim Report 2020
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 Changes in accounting principles2 Segment information3 Operating costs4 Dividends5 Financial liabilities6 Financial result7 Operating net working capital8 Provisions and contingent liabilities
Alternative performance measures
Reconciliation of alternative performance measures
Further information
Share informationQuarterly review 2019 and 2020Forward looking statements
We found 0 search results

No search results. Please enter a different search term.

Depreciation and amortisation, non-operating results


In CHF million, except where indicated
  3. quarter
2020
  3. quarter
2019
 
Change
  1.1.–30.9.
2020
  1.1.–30.9.
2019
 
Change
Operating income before depreciation and amortisation (EBITDA)   1,148   1,120   2.5%   3,356   3,360   –0.1%
Depreciation and amortisation of property, plant and equipment and intangible assets   (538)   (529)   1.7%   (1,616)   (1,626)   –0.6%
Depreciation of right-of-use assets   (70)   (69)   1.4%   (217)   (205)   5.9%
Operating income (EBIT)   540   522   3.4%   1,523   1,529   –0.4%
Net interest expense on financial assets and liabilities   (20)   (13)   53.8%   (50)   (44)   13.6%
Interest expense on lease liabilities   (12)   (9)   33.3%   (34)   (24)   41.7%
Other financial result   23   (26)   –%   (29)   (51)   –43.1%
Result of equity-accounted investees   1   (1)   –%   4   1   300.0%
Income before income taxes   532   473   12.5%   1,414   1,411   0.2%
Income tax expense   (102)   (72)   41.7%   (248)   (230)   7.8%
Net income   430   401   7.2%   1,166   1,181   –1.3%
Attributable to equity holders of Swisscom Ltd   431   401   7.5%   1,169   1,183   –1.2%
Attributable to non-controlling interests   (1)   –   –%   (3)   (2)   50.0%
                         
Earnings per share (in CHF)   8.32   7.74   7.5%   22.57   22.84   –1.2%

Net income posted by Swisscom declined by CHF 15 million or 1.3% to CHF 1,166 million, largely due to the higher income tax expense. Earnings per share declined accordingly from CHF 22.84 to CHF 22.57. The depreciation and amortisation of property, plant and equipment and intangible assets decreased by CHF 10 million or 0.6% year on year to CHF 1,616 million, mainly reflecting a decrease in depreciation and amortisation at Swisscom Switzerland and the Other Operating Segments. Higher interest expense was offset by an improved other financial result. The other financial result for the third quarter of 2020 includes one-off income of CHF 31 million from the measurement difference of financial assets that have been replaced. Income tax expense was CHF 248 million (prior year: CHF 230 million), corresponding to an effective income tax rate of 17.5% (prior year: 16.3%). Income tax expense for the first nine months of 2020 includes positive tax effects of CHF 21 million (previous year: CHF 62 million) as a result of the revaluation of deferred income tax items in connection with the Swiss tax reform. Swisscom anticipates a future effective consolidated tax rate of 19.5%.