Menu

1st Interim Report 2023
1st Interim Report 2023
Open report

Language

Leave

Report switcher allows selecting another report from a different reporting period

1st Interim Report 2023
  • 1st Interim Report 2025
  • Sustainability Impact Report 2024
  • Annual Report 2024
  • 3rd Interim Report 2024
  • 2nd Interim Report 2024
  • 1st Interim Report 2024
  • Annual Report 2023
  • 3rd Interim Report 2023
  • 2nd Interim Report 2023
  • 1st Interim Report 2023
  • Annual Report 2022
  • 3rd Interim Report 2022
  • 2nd Interim Report 2022
  • 1st Interim Report 2022
  • Annual Report 2021
  • 3rd Interim Report 2021
  • 2nd Interim Report 2021
  • 1st Interim Report 2021
  • Annual Report 2020
  • 3rd Interim Report 2020
  • 2nd Interim Report 2020
  • 1st Interim Report 2020
  • Annual Report 2019
  • 3rd Interim Report 2019
  • 2nd Interim Report 2019
  • 1st Interim Report 2019
  • Index
  • Search

Table of contents for the 1st Interim Report 2023 report

1st Interim Report 2023
KPIsFinancial review
SummarySegment resultsDepreciation and amortisation, non operating resultsCash flowsNet asset positionOutlook
Consolidated interim financial statements
Consolidated statement of comprehensive income (unaudited)Consolidated balance sheet (unaudited)Consolidated statement of cash flows (unaudited)Consolidated statement of changes in equity (unaudited)
Notes to the interim financial statements
About this report1 Accounting policies2 Segment information3 Operating costs4 Dividends5 Financial liabilities6 Financial result7 Net current operating assets8 Provisions and contingent liabilities
Alternative performance measures
Reconciliation of alternative performance measures
Further Information
Share informationQuarterly review 2022 and 2023Forward looking statements
We found 0 search results

No search results. Please enter a different search term.

Net asset position

In CHF million, except where indicated   31.03.2023   31.12.2022   Change
Property, plant and equipment   10,885   10,811   0.7%
Intangible assets   1,759   1,741   1.0%
Goodwill   5,180   5,172   0.2%
Right-of-use assets   2,002   1,992   0.5%
Trade receivables   2,208   2,255   –2.1%
Receivables from finance leases   109   131   –16.8%
Trade payables   (1,616)   (1,674)   –3.5%
Provisions   (1,193)   (1,159)   2.9%
Deferred gain on sale and leaseback of real estate   (84)   (85)   –1.2%
Other operating assets and liabilities, net   (5)   (218)   –97.7%
Net operating assets   19,245   18,966   1.5%
Net debt   (7,171)   (7,374)   –2.8%
Defined benefit assets and obligations, net   (11)   (11)   –%
Income tax assets and liabilities, net   (865)   (829)   4.3%
Equity-accounted investees and other financial assets   497   419   18.6%
Equity   11,695   11,171   4.7%
             
Equity ratio in %   46.1   45.4    

Net operating assets were higher at CHF 19.2 bil­lion (+1.5%) compared with year-end 2022. The 4.7% increase in equity to CHF 11.7 bil­lion corresponds to the net income for the first quarter of 2023. The equity ratio rose from 45.4% to 46.1% compared to the end of 2022. On 28 March 2023, the Annual General Meeting of Swisscom Ltd approved the payment of an unchanged dividend of CHF 22 gross per share. A total dividend amount of CHF 1,140 million was paid out on 3 April 2023.

Net debt

Net debt consists of financial liabilities and lease liabilities less cash and cash equivalents, listed debt instruments and derivative financial instruments.

In CHF million   31.03.2023   31.12.2022
Debenture bonds   5,119   4,886
Bank loans   474   512
Private placements   322   322
Other financial liabilities   279   282
Lease liabilities   1,887   1,911
Total financial liabilities   8,081   7,913
Cash and cash equivalents   (513)   (121)
Other financial assets   (397)   (418)
Net debt   7,171   7,374

In the first quarter of 2023, Swisscom raised a green bond of CHF 150 million with a coupon of 1.875% and a maturity of 7.5 years, as well as a privately placed bond of CHF 50 million with a coupon of 2.19% and a maturity of 30 years.

In recent years, Swisscom has taken advantage of favourable capital market conditions with a view to optimising the interest and maturity structure of the Group’s financial liabilities. As at 31 March 2023, the average interest rate on financial liabilities was 1.1%, the average residual term to maturity was 5.7 years, and the share of fixed-interest-bearing financial liabilities was 89%. Swisscom also has two lines of credit totalling CHF 2.2 bil­lion, which have not been used.