Consolidated statement of comprehensive income (unaudited)

In CHF million, except for per share amounts	Note	1.01.–31.03.2022	1.01.–31.03.2021

Income statement
Net revenue	2	2,768	2,803
Direct costs	3	(643)	(680)
Personnel expense	3	(697)	(716)
Other operating expense	3	(437)	(422)
Capitalised self-constructed assets and other income	3	146	139
Operating income before depreciation and amortisation		1,137	1,124
Depreciation and amortisation of property, plant and equipment and intangible assets		(522)	(538)
Depreciation of right-of-use assets		(66)	(70)
Operating income		549	516
Financial income	6	37	264
Financial expense	6	(35)	(40)
Result of equity-accounted investees		(1)	–
Income before income taxes		550	740
Income tax expense		(103)	(102)
Net income		447	638


Other comprehensive income
Actuarial gains and losses from defined benefit pension plans		13	276
Change in fair value of equity instruments		2	2
Items that will not be reclassified to income statement		15	278
Foreign currency translation adjustments of foreign subsidiaries		(12)	63
Change in cash flow hedges		2	(5)
Items that are or may be reclassified subsequently to income statement		(10)	58
Other comprehensive income		5	336


Comprehensive income
Net income		447	638
Other comprehensive income		5	336
Comprehensive income		452	974


Share of net income and comprehensive income
Equity holders of Swisscom Ltd		447	638
Non-controlling interests		–	–
Net income		447	638

Equity holders of Swisscom Ltd		452	974
Non-controlling interests		–	–
Comprehensive income		452	974


Earnings per share
Basic and diluted earnings per share (in CHF)		8.63	12.32