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Annual Report 2022
Annual Report 2022
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Statement of added value

  2022   2021

In CHF million		   Switzer-
land		   Other
countries		  
Total		   Switzer-
land		   Other
countries		  
Total
                         
Added value
Net revenue   8,627   2,485   11,112   8,579   2,604   11,183
Capitalised self-constructed assets and other income   513   155   668   459   139   598
Direct costs   (1,814)   (873)   (2,687)   (1,840)   (939)   (2,779)
Other operating expense 1   (1,296)   (679)   (1,975)   (1,184)   (661)   (1,845)
Lease expense   (229)   (57)   (286)   (243)   (58)   (301)
De­pre­ci­a­tion and amor­ti­sa­tion 2   (1,501)   (601)   (2,102)   (1,500)   (635)   (2,135)
In­ter­me­di­ate inputs   (4,327)   (2,055)   (6,382)   (4,308)   (2,154)   (6,462)
Operating added value   4,300   430   4,730   4,271   450   4,721
Other non-operating result 3           (41)           126
Total added value           4,689           4,847
           
                         
Allocation of added value
Employees 4   2,396   256   2,652   2,412   269   2,681
Public sector 5   290   59   349   320   17   337
Share­holders (dividends)           1,141           1,141
Third-party lenders (net interest expense)           58           60
Company (retained earnings) 6           489           628
Total added value           4,689           4,847
1 Other operating expense: excl. taxes on capital and other taxes not based on income.
2 De­pre­ci­a­tion and amor­ti­sa­tion: excl. amor­ti­sa­tion of acquisition-related intangible assets such as brands or customer relations.
3 Other non-operating result: financial result excl. net interest expense, result of equity-accounted investees, and amor­ti­sa­tion of acquisition-related intangible assets.
4 Employees: employer con­tri­bu­tions are reported as pension cost, rather than as expenses according to IFRS.
5 Public sector: current income tax expense, capital taxes and other taxes not
based on income. Excl. payments for VAT and mobile com­mu­ni­ca­tion fre­quen­cies.
6 Company: incl. changes in deferred income taxes and defined benefit obligations.

Thanks to a modern, high-per­for­mance network in­fra­struc­ture and a com­pre­hen­sive, needs-driven service offering, Swisscom makes an im­por­tant contribution to Switzer­land’s com­pet­i­tiveness and economic success.

Of the con­sol­i­dated operating added value of CHF 4.7 bil­lion, Swisscom generated 91% or CHF 4.3 bil­lion in Switzer­land. Operating added value in Switzer­land remained stable year-on-year. The added value per FTE in Switzer­land was CHF 271,000 (prior year: CHF 267,000). Including capital ex­pen­di­ture, the purchasing volume in the Swiss business was around CHF 4.5 bil­lion in 2022 (prior year: CHF 4.4 bil­lion). In addition to direct added value, purchases from suppliers provided significant indirect added value for Switzer­land’s economy.