Consolidated statement of cash flows
In CHF million |
Note |
2013 |
2012 restated |
|||
---|---|---|---|---|---|---|
Net income | 1,695 | 1,815 | ||||
Share of results of associates | 25 | (30) | (32) | |||
Income tax expense | 15 | 334 | 418 | |||
Depreciation, amortisation and impairment losses | 23, 24 | 2,044 | 1,950 | |||
Expense for share-based payments | 11 | 6 | 6 | |||
Gain on sale of property, plant and equipment | 13 | (16) | (16) | |||
Loss on disposal of property, plant and equipment | 12 | 13 | 7 | |||
Financial income | 14 | (81) | (29) | |||
Financial expense | 14 | 340 | 355 | |||
Change in net operating assets and liabilities | 34 | 104 | (39) | |||
Income taxes paid | 15 | (278) | (190) | |||
Cash flow provided by operating activities | 4,131 | 4,245 | ||||
Capital expenditure for tangible and other intangible assets | 23, 24, 34 | (2,445) | (2,561) | |||
Proceeds from sale of tangible and other intangible assets | 23 | 13 | ||||
Proceeds from sale of non-current assets held for sale | 22 | 5 | 12 | |||
Acquisition of subsidiaries, net of cash and cash equivalents acquired | 5 | (60) | (17) | |||
Investments in associates | 25 | (1) | (48) | |||
Purchase of other financial assets | (158) | (12) | ||||
Proceeds from other financial assets | 24 | 37 | ||||
Interest received | 10 | 14 | ||||
Dividends received | 25 | 43 | 38 | |||
Cash flow used in investing activities | (2,559) | (2,524) | ||||
Issuance of financial liabilities | 26 | 993 | 651 | |||
Repayment of financial liabilities | 26 | (956) | (726) | |||
Interest paid | (253) | (250) | ||||
Dividends paid to equity holders of Swisscom Ltd | 32 | (1,140) | (1,140) | |||
Dividends paid to non-controlling interests | (14) | (14) | ||||
Purchase of treasury shares for share-based payments | 11, 31 | (6) | (6) | |||
Other cash flows from financing activities | 34 | (12) | (12) | |||
Cash flow used in financing activities | (1,388) | (1,497) | ||||
Net increase in cash and cash equivalents | 184 | 224 | ||||
Cash and cash equivalents at 1 January | 538 | 314 | ||||
Foreign currency translation adjustments in respect of cash and cash equivalents | 1 | – | ||||
Cash and cash equivalents at 31 December | 723 | 538 | ||||
1 See Note 3.23, New and amended Standards and Interpretations.
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