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1st Interim Report 2021
1st Interim Report 2021
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1st Interim Report 2021
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Table of contents for the 1st Interim Report 2021 report

1st Interim Report 2021
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 2020 and 2021Forward looking statements
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Consolidated statement of comprehensive income (unaudited)

In CHF million, except for per share amounts   Note   1.1.–31.3.2021   1.1.–31.3.2020
In CHF million, except for per share amounts     Note     1.1.–31.3.2021     1.1.–31.3.2020 
In CHF million, except for per share amountsIncome statement    Note     1.1.–31.3.2021     1.1.–31.3.2020 
In CHF million, except for per share amountsNet revenue    Note2     1.1.–31.3.20212,803    1.1.–31.3.20202,737
In CHF million, except for per share amountsDirect costs    Note3     1.1.–31.3.2021(680)    1.1.–31.3.2020(626)
In CHF million, except for per share amountsPersonnel expense    Note3     1.1.–31.3.2021(716)    1.1.–31.3.2020(700)
In CHF million, except for per share amountsOther operating expense    Note3     1.1.–31.3.2021(422)    1.1.–31.3.2020(407)
In CHF million, except for per share amountsCapitalised self-constructed assets and other income    Note3     1.1.–31.3.2021139    1.1.–31.3.2020107
In CHF million, except for per share amountsOperating income before depreciation and amortisation    Note     1.1.–31.3.20211,124    1.1.–31.3.20201,111
In CHF million, except for per share amountsDepreciation and amortisation of property, plant and equipment and intangible assets    Note     1.1.–31.3.2021(538)    1.1.–31.3.2020(537)
In CHF million, except for per share amountsDepreciation of right-of-use assets    Note     1.1.–31.3.2021(70)    1.1.–31.3.2020(70)
In CHF million, except for per share amountsOperating income    Note     1.1.–31.3.2021516    1.1.–31.3.2020504
In CHF million, except for per share amountsFinancial income    Note6     1.1.–31.3.2021264    1.1.–31.3.20207
In CHF million, except for per share amountsFinancial expense    Note6     1.1.–31.3.2021(40)    1.1.–31.3.2020(44)
In CHF million, except for per share amountsResult of equity-accounted investees    Note     1.1.–31.3.2021–    1.1.–31.3.20201
In CHF million, except for per share amountsIncome before income taxes    Note     1.1.–31.3.2021740    1.1.–31.3.2020468
In CHF million, except for per share amountsIncome tax expense    Note     1.1.–31.3.2021(102)    1.1.–31.3.2020(74)
In CHF million, except for per share amountsNet income    Note     1.1.–31.3.2021638    1.1.–31.3.2020394
In CHF million, except for per share amounts    Note    1.1.–31.3.2021    1.1.–31.3.2020
In CHF million, except for per share amounts     Note     1.1.–31.3.2021     1.1.–31.3.2020 
In CHF million, except for per share amountsOther comprehensive income    Note     1.1.–31.3.2021     1.1.–31.3.2020 
In CHF million, except for per share amountsActuarial gains and losses from defined benefit pension plans    Note     1.1.–31.3.2021276    1.1.–31.3.2020(164)
In CHF million, except for per share amountsChange in fair value of equity instruments    Note     1.1.–31.3.20212    1.1.–31.3.2020(7)
In CHF million, except for per share amountsItems that will not be reclassified to income statement    Note     1.1.–31.3.2021278    1.1.–31.3.2020(171)
In CHF million, except for per share amountsForeign currency translation adjustments of foreign subsidiaries    Note     1.1.–31.3.202163    1.1.–31.3.2020(35)
In CHF million, except for per share amountsChange in cash flow hedges    Note     1.1.–31.3.2021(5)    1.1.–31.3.2020(3)
In CHF million, except for per share amountsItems that are or may be reclassified subsequently to income statement    Note     1.1.–31.3.202158    1.1.–31.3.2020(38)
In CHF million, except for per share amountsOther comprehensive income    Note     1.1.–31.3.2021336    1.1.–31.3.2020(209)
In CHF million, except for per share amounts    Note    1.1.–31.3.2021    1.1.–31.3.2020
In CHF million, except for per share amounts     Note     1.1.–31.3.2021     1.1.–31.3.2020 
In CHF million, except for per share amountsComprehensive income    Note     1.1.–31.3.2021     1.1.–31.3.2020 
In CHF million, except for per share amountsNet income    Note     1.1.–31.3.2021638    1.1.–31.3.2020394
In CHF million, except for per share amountsOther comprehensive income    Note     1.1.–31.3.2021336    1.1.–31.3.2020(209)
In CHF million, except for per share amountsComprehensive income    Note     1.1.–31.3.2021974    1.1.–31.3.2020185
In CHF million, except for per share amounts    Note    1.1.–31.3.2021    1.1.–31.3.2020
In CHF million, except for per share amounts     Note     1.1.–31.3.2021     1.1.–31.3.2020 
In CHF million, except for per share amountsShare of net income and comprehensive income    Note     1.1.–31.3.2021     1.1.–31.3.2020 
In CHF million, except for per share amountsEquity holders of Swisscom Ltd    Note     1.1.–31.3.2021638    1.1.–31.3.2020395
In CHF million, except for per share amountsNon-controlling interests    Note     1.1.–31.3.2021–    1.1.–31.3.2020(1)
In CHF million, except for per share amountsNet income    Note     1.1.–31.3.2021638    1.1.–31.3.2020394
In CHF million, except for per share amounts     Note     1.1.–31.3.2021     1.1.–31.3.2020 
In CHF million, except for per share amountsEquity holders of Swisscom Ltd    Note     1.1.–31.3.2021974    1.1.–31.3.2020186
In CHF million, except for per share amountsNon-controlling interests    Note     1.1.–31.3.2021–    1.1.–31.3.2020(1)
In CHF million, except for per share amountsComprehensive income    Note     1.1.–31.3.2021974    1.1.–31.3.2020185
In CHF million, except for per share amounts    Note    1.1.–31.3.2021    1.1.–31.3.2020
In CHF million, except for per share amounts     Note     1.1.–31.3.2021     1.1.–31.3.2020 
In CHF million, except for per share amountsEarnings per share    Note     1.1.–31.3.2021     1.1.–31.3.2020 
In CHF million, except for per share amountsBasic and diluted earnings per share (in CHF)    Note     1.1.–31.3.202112.32    1.1.–31.3.20207.63