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The financial report is available in English, French and German. The German version is binding.

 

CHF in millions

 

 20112010
Net income6941'788
Share of results of associates(30)(28)
Income tax expense151502
Depreciation, amortisation and impairment losses3'4581'972
Expense for share-based payments92
Gain on sale of property, plant and equipment(23)(24)
Loss on disposal of property, plant and equipment57
Financial income(54)(93)
Financial expense365458
Change in net operating assets and liabilities(442)(195)
Income taxes paid(182)(365)
Cash flow provided by operating activities3'9514'024
Capital expenditure for tangible and intangible assets(2'095)(1'903)
Proceeds from sale of property, plant and equipment
and other intangible assets
2221
Proceeds from sale of non-current assets held for sale1513
Acquisition of subsidiaries, net of cash and cash equivalents acquired(21)(39)
Proceeds from sale of subsidiaries, net of cash and cash equivalents sold9
Investments in associates(2)
Purchase of other financial assets(21)(69)
Proceeds from other financial assets12338
Interest received1615
Dividends received3455
Cash flow used in investing activities(1'929)(1'860)
Issuance of financial liabilities6602'589
Repayment of financial liabilities(1'383)(3'133)
Interest paid(267)(299)
Dividends paid to equity holders of Swisscom Ltd(1'088)(1'036)
Dividends paid to non-controlling interests(7)(8)
Purchase of non-controlling interests of Fastweb(92)(246)
Purchase of treasury shares for share-based payments(7)(2)
Other cash flows from financing activities(4)(38)
Cash flow used in financing activities(2'188)(2'173)
Net decrease in cash and cash equivalents(166)(9)
Cash and cash equivalents at January 1483532
Foreign currency translation adjustments in respect of cash and cash equivalents(3)(40)
Cash and cash equivalents at December 31314483