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Employment law in Italy
Employment agreement for the telecoms sector in Italy Statutory terms and conditions of employment in Italy are based on the Contratto collettivo nazionale di lavoro (CCNL), a state collective employment agreement. The CCNL defines the terms and conditions of employment between Swisscom’s Italian subsidiary Fastweb and its employees. It also contains provisions governing relations between Fastweb and the unions. In February 2013 the telecoms companies and unions negotiated a new CCNL, setting out better terms and conditions compared with the pre...
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Financial income and financial expense
In CHF million 2013 2012restated Interest income on financial assets 8 14 Change in fair value of interest hedging instruments 30 – Capitalised borrowing costs 15 14 Adjustment to dismantlement and restoration costs. See note 2...
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Balance sheet
In CHF million Note 31.12.2013 31.12.2012 Assets Cash and cash equivalents 571 398 ...
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Topics
nformation on Swisscom’s financial position, results of operations and cash flows complies with the requirements of the International Financial Reporting Standards (IFRS) and, where applicable, the provisions of Swiss law. Internal control mechanisms ensure the reliability of the information contained in this report. Swisscom also provides a report for its stakeholder groups on the Group’s economic, social and environmental performance. The scope and content of the sustainability report are based on the guidelines of the Global Reporting ...
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Etat de la situation financière
En millions CHF Notes 31.12.2013 31.12.2012 Actifs Liquidités 571 398 Au...
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Patrimoine
Etat de la situation financière En millions CHF 31.12.2013 31.12.2012 Variation Actifs Liquidités et placements à court terme 883 ...
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Contingent liabilities
roceedings conducted by the Competition Commission The Competition Commission (ComCo) is currently investigating a number of companies in the Swisscom Group. The investigation into the relationship of ADSL wholesale prices to the ADSL retail prices is described below. If it is proven that Swisscom has infringed the rules of fair competition, ComCo is entitled to impose sanctions pursuant to the Anti-Trust Law. This sanction depends on the length and severity and nature of the violation and may amount to up to 10% of the revenue generated by the company...
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Post-employment benefits
Defined benefit plans Swisscom maintains several pension plans for employees in Switzerland and Italy. Expenses of defined benefit plans totalled CHF 295 million in 2013 (prior year: CHF 80 million). Of this amount, CHF 258 million (prior year: CHF 50 million) was recorded as personnel expense and CHF 37 million (prior year: CHF 30 million) as finance expense. comPlan The majority of Swisscom’s employees are insured for the risks of old age, death and disability by the independent pension plan, comPlan. The benefits of comPlan exceed the minim...
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Net asset position
Balance sheet In CHF million 31.12.2013 31.12.2012 Change Assets Cash and cash equivalents and current financial assets 883 578 ...
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3 Board of Directors
3.1 Members of the Board of Directors The Board of Directors of Swisscom Ltd currently comprises nine members, none of whom holds or has held an executive role within the Swisscom Group in any of the three business years prior to the period under review. The Board members have no significant commercial links with Swisscom Ltd or the Swisscom Group. The Swiss Confederation, represented on the Board by Hans Werder, owns a majority stake in Swisscom. Customer and supplier relationships exist between the Swiss Confederation and Swisscom. Details of th...
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