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Consolidated statement of cash flows (unaudited)


In CHF million
 
Note
  1st half-year
2021
  1st half-year
2020
Net income       1,046   736
Income tax expense       201   146
Result of equity-accounted investees       4   (3)
Financial income   6    (258)   (10)
Financial expense   6    96   114
Depreciation and amortisation of property, plant and equipment and intangible assets       1,087   1,078
Depreciation of right-of-use assets       141   147
Gain on sale of property, plant and equipment       (3)  
Expense for share-based payments       1   1
Revenue from finance leases       (51)   (27)
Change in deferred gain from the sale and leaseback of real estate       (8)   (6)
Change in operating assets and liabilities   7    (121)   (71)
Change in provisions       (2)   (10)
Change in net defined benefit liabilities       (36)   29
Interest received       2   9
Interest payments on financial liabilities       (18)   (20)
Interest payments on lease liabilities       (22)   (22)
Dividends received       1   15
Income taxes paid       (229)   (156)
Cash flow from operating activities       1,831   1,950
Purchase of property, plant and equipment and intangible assets       (1,078)   (1,069)
Sale of property, plant and equipment and intangible assets       5   2
Acquisition of subsidiaries, net of cash and cash equivalents acquired       (25)   (16)
Expenses for shareholdings accounted for using the equity method       (1)   (9)
Proceeds from equity-accounted investees       134  
Proceeds from finance leases       47   32
Purchase of other financial assets       (11)   (18)
Proceeds from other financial assets       101   12
Other cash flows from investing activities       (8)  
Cash flow used in investing activities       (836)   (1,066)
Issuance of financial liabilities   5    323   887
Repayment of financial liabilities   5    (121)   (543)
Repayment of lease liabilities       (152)   (151)
Dividends paid to equity holders of Swisscom Ltd       (1,140)   (1,140)
Dividends paid to non-controlling interests       (1)   (1)
Other cash flows from financing activities       (7)   (15)
Cash flow used in financing activities       (1,098)   (963)
Net decrease in cash and cash equivalents       (103)   (79)
Cash and cash equivalents at 1 January       340   328
Foreign currency translation adjustments in respect of cash and cash equivalents       3   (2)
Cash and cash equivalents at the end of financial period       240   247