Consolidated balance sheet (unaudited)

In CHF million	Note	31.3.2025	31.12.2024 restated¹	1.1.2024 restated¹

Assets
Cash and cash equivalents		994	1,523	148
Trade receivables	7	2,764	2,866	2,143
Receivables from finance leases		40	47	53
Other operating assets	7	1,935	1,739	1,323
Other financial assets		53	66	50
Current income tax assets		99	82	1
Total current assets		5,885	6,323	3,718
Property, plant and equipment		13,424	13,377	11,059
Intangible assets		6,086	6,081	1,737
Goodwill	8	6,488	6,465	5,172
Right-of-use assets		4,403	4,426	2,033
Equity-accounted investees		27	27	27
Receivables from finance leases		141	135	84
Other financial assets		552	545	745
Defined benefit assets		–	–	11
Deferred tax assets		253	245	225
Total non-current assets		31,374	31,301	21,093
Total assets		37,259	37,624	24,811


Liabilities and equity
Financial liabilities	5	611	1,639	718
Lease liabilities		943	835	340
Trade payables	7	2,764	2,647	1,567
Other operating liabilities	7	2,043	1,963	1,471
Provisions	9	202	221	115
Current income tax liabilities		341	286	203
Total current liabilities		6,904	7,591	4,414
Financial liabilities	5	12,473	12,353	4,947
Lease liabilities		3,007	3,191	1,681
Defined benefit obligations		55	55	21
Provisions	9	1,294	1,361	1,148
Deferred gain on sale and leaseback of real estate		77	77	81
Deferred tax liabilities		851	842	898
Total non-current liabilities		17,757	17,879	8,776
Total liabilities		24,661	25,470	13,190
Share capital		52	52	52
Capital reserves		136	136	136
Retained earnings		14,442	14,070	13,528
Foreign currency translation adjustments		(2,015)	(2,081)	(2,086)
Hedging reserves		(17)	(23)	(12)
Equity attributable to equity-holders of Swisscom Ltd		12,598	12,154	11,618
Non-controlling interests		–	–	3
Total equity		12,598	12,154	11,621
Total liabilities and equity		37,259	37,624	24,811
¹ See Note 1