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Annual Report 2024
Annual Report 2024
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Statement of added value

  2024   2023

In CHF million		   Switzer-
land		   Other
countries		  
Total		   Switzer-
land		   Other
countries		  
Total
                         
Added value
Revenue   8,363   2,673   11,036   8,516   2,556   11,072
Capitalised self-constructed assets and other income   658   85   743   596   96   692
Direct costs   (1,652)   (1,320)   (2,972)   (1,730)   (1,176)   (2,906)
Other operating expense 1   (1,145)   (321)   (1,466)   (1,005)   (528)   (1,533)
Lease expense   (242)   (49)   (291)   (234)   (54)   (288)
De­pre­ci­a­tion and amor­ti­sa­tion 2   (1,558)   (575)   (2,133)   (1,486)   (585)   (2,071)
In­ter­me­di­ate inputs   (3,939)   (2,180)   (6,119)   (3,859)   (2,247)   (6,106)
Operating added value   4,424   493   4,917   4,657   309   4,966
Other non-operating result 3           (301)           (181)
Total added value           4,616           4,785
           
                         
Allocation of added value
Employees 4   2,453   321   2,774   2,411   306   2,717
Public sector 5   363   25   388   287   43   330
Share­holders (dividends)           1,140           1,141
Third-party lenders (net interest expense)           34           67
Company (retained earnings) 6           280           530
Total added value           4,616           4,785
1 Other operating expense: excl. taxes on capital and other taxes not based on income.
2 De­pre­ci­a­tion and amor­ti­sa­tion: excl. impairment losses and amor­ti­sa­tion of acquisition-related intangible assets such as customer relations.
3 Other non-operating result: financial result excl. net interest expense, result of equity-accounted investees, impairment losses 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: including changes in deferred income taxes and defined benefit obligations.

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

Of the con­sol­i­dated operating added value of CHF 4.9 bil­lion, Swisscom generated 90% or CHF 4.4 bil­lion in Switzer­land. Compared to the previous year, operating added value in Switzer­land fell by CHF 0.2 bil­lion or 5.0%. The added value per FTE in Switzer­land was CHF 278,000 (prior year: CHF 293,000). Including capital ex­pen­di­ture, the purchasing volume in the Swiss business was around CHF 4.2 bil­lion in the reporting year (prior year: CHF 4.3 bil­lion). In addition to direct added value, purchases from suppliers created significant indirect added value for Switzer­land’s economy.