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.