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2nd Interim Report 2023
2nd Interim Report 2023
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2nd Interim Report 2023
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Table of contents for the 2nd Interim Report 2023 report

2nd 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 Dividend5 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
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Consolidated statement of changes in equity (unaudited)


In CHF million
 


Share
capital
 


Capital
reserves
 


Retained
earnings
 
Foreign
currency
translation
adjustments
 


Hedge
reserves
  Equity
attributable
to equity
holders of
Swisscom
 

Non-
controlling
interests
 


Total
equity

In CHF million
Balance at 1 January 2022
  


Share
capital
52
  


Capital
reserves
136
  


Retained
earnings
12,485
  
Foreign
currency
translation
adjustments
(1,864)
  


Hedge
reserves
2
   Equity
attributable
to equity
holders of
Swisscom
10,811
  

Non-
controlling
interests
2
  


Total
equity
10,813

In CHF million
Net income
  


Share
capital
–
  


Capital
reserves
–
  


Retained
earnings
784
  
Foreign
currency
translation
adjustments
–
  


Hedge
reserves
–
   Equity
attributable
to equity
holders of
Swisscom
784
  

Non-
controlling
interests
1
  


Total
equity
785

In CHF million
Other comprehensive income
  


Share
capital
–
  


Capital
reserves
–
  


Retained
earnings
32
  
Foreign
currency
translation
adjustments
(75)
  


Hedge
reserves
5
   Equity
attributable
to equity
holders of
Swisscom
(38)
  

Non-
controlling
interests
–
  


Total
equity
(38)

In CHF million
Comprehensive income
  


Share
capital
–
  


Capital
reserves
–
  


Retained
earnings
816
  
Foreign
currency
translation
adjustments
(75)
  


Hedge
reserves
5
   Equity
attributable
to equity
holders of
Swisscom
746
  

Non-
controlling
interests
1
  


Total
equity
747

In CHF million
Dividends paid
  


Share
capital
–
  


Capital
reserves
–
  


Retained
earnings
(1,140)
  
Foreign
currency
translation
adjustments
–
  


Hedge
reserves
–
   Equity
attributable
to equity
holders of
Swisscom
(1,140)
  

Non-
controlling
interests
(2)
  


Total
equity
(1,142)

In CHF million
Other changes
  


Share
capital
–
  


Capital
reserves
–
  


Retained
earnings
1
  
Foreign
currency
translation
adjustments
–
  


Hedge
reserves
–
   Equity
attributable
to equity
holders of
Swisscom
1
  

Non-
controlling
interests
(1)
  


Total
equity
–

In CHF million
Balance at 30 June 2022
  


Share
capital
52
  


Capital
reserves
136
  


Retained
earnings
12,162
  
Foreign
currency
translation
adjustments
(1,939)
  


Hedge
reserves
7
   Equity
attributable
to equity
holders of
Swisscom
10,418
  

Non-
controlling
interests
–
  


Total
equity
10,418

In CHF million
 
  


Share
capital
 
  


Capital
reserves
 
  


Retained
earnings
 
  
Foreign
currency
translation
adjustments
 
  


Hedge
reserves
 
   Equity
attributable
to equity
holders of
Swisscom
 
  

Non-
controlling
interests
 
  


Total
equity
 

In CHF million
Balance at 1 January 2023
  


Share
capital
52
  


Capital
reserves
136
  


Retained
earnings
12,942
  
Foreign
currency
translation
adjustments
(1,960)
  


Hedge
reserves
(2)
   Equity
attributable
to equity
holders of
Swisscom
11,168
  

Non-
controlling
interests
3
  


Total
equity
11,171

In CHF million
Net income
  


Share
capital
–
  


Capital
reserves
–
  


Retained
earnings
848
  
Foreign
currency
translation
adjustments
–
  


Hedge
reserves
–
   Equity
attributable
to equity
holders of
Swisscom
848
  

Non-
controlling
interests
 
  


Total
equity
848

In CHF million
Other comprehensive income
  


Share
capital
–
  


Capital
reserves
–
  


Retained
earnings
60
  
Foreign
currency
translation
adjustments
(13)
  


Hedge
reserves
1
   Equity
attributable
to equity
holders of
Swisscom
48
  

Non-
controlling
interests
–
  


Total
equity
48

In CHF million
Comprehensive income
  


Share
capital
–
  


Capital
reserves
–
  


Retained
earnings
908
  
Foreign
currency
translation
adjustments
(13)
  


Hedge
reserves
1
   Equity
attributable
to equity
holders of
Swisscom
896
  

Non-
controlling
interests
–
  


Total
equity
896

In CHF million
Dividends paid
  


Share
capital
–
  


Capital
reserves
–
  


Retained
earnings
(1,140)
  
Foreign
currency
translation
adjustments
–
  


Hedge
reserves
–
   Equity
attributable
to equity
holders of
Swisscom
(1,140)
  

Non-
controlling
interests
–
  


Total
equity
(1,140)

In CHF million
Other changes
  


Share
capital
–
  


Capital
reserves
–
  


Retained
earnings
–
  
Foreign
currency
translation
adjustments
–
  


Hedge
reserves
–
   Equity
attributable
to equity
holders of
Swisscom
–
  

Non-
controlling
interests
–
  


Total
equity
–

In CHF million
Balance at 30 June 2023
  


Share
capital
52
  


Capital
reserves
136
  


Retained
earnings
12,710
  
Foreign
currency
translation
adjustments
(1,973)
  


Hedge
reserves
(1)
   Equity
attributable
to equity
holders of
Swisscom
10,924
  

Non-
controlling
interests
3
  


Total
equity
10,927