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 |