Menu

Consolidated statement of cash flows (unaudited)


In CHF million
 
Note
  1st half-year
2022
  1st half-year
2021
Net income       785   1,046
Income tax expense       200   201
Result of equity-accounted investees       1   4
Financial income   6    (67)   (258)
Financial expense   6    80   96
Depreciation and amortisation of property, plant and equipment and intangible assets       1,058   1,087
Depreciation of right-of-use assets       134   141
Gain on sale of property, plant and equipment       (3)   (3)
Loss on sale of property, plant and equipment       3  
Expense for share-based payments       1   1
Revenue from finance leases       (35)   (51)
Proceeds from finance lease receivables       30   47
Change in deferred gain from the sale and leaseback of real estate       (3)   (8)
Change in operating assets and liabilities   7    (408)   (121)
Change in provisions       57   (2)
Change in net defined benefit liabilities       33   (36)
Interest received       4   2
Interest payments on financial liabilities       (21)   (18)
Interest payments on lease liabilities       (22)   (22)
Dividends received       1   1
Income taxes paid       (344)   (229)
Cash flow from operating activities       1,484   1,878
Purchase of property, plant and equipment and intangible assets       (1,047)   (1,078)
Sale of property, plant and equipment and intangible assets       4   5
Acquisition of subsidiaries, net of cash and cash equivalents acquired       (64)   (25)
Expenses for shareholdings accounted for using the equity method       (1)   (1)
Proceeds from sale of equity-accounted investees         134
Purchase of other financial assets       (86)   (11)
Proceeds from other financial assets       51   101
Other cash flows from investing activities       (7)   (8)
Cash flow used in investing activities       (1,150)   (883)
Issuance of financial liabilities   5    695   323
Repayment of financial liabilities   5    (31)   (121)
Repayment of lease liabilities       (141)   (152)
Dividends paid to equity holders of Swisscom Ltd       (1,140)   (1,140)
Dividends paid to non-controlling interests       (2)   (1)
Other cash flows from financing activities       38   (7)
Cash flow used in financing activities       (581)   (1,098)
Net decrease in cash and cash equivalents       (247)   (103)
Cash and cash equivalents at 1 January       401   340
Foreign currency translation adjustments in respect of cash and cash equivalents       (7)   3
Cash and cash equivalents at the end of financial period       147   240