SWISSCOM AG INTERIM

Income Statement

12 stnemetats laicnanfi miretni detadilosnoC | 0202 enuJ–yraunaJ tropeR miretnI Consolidated interim financial statements Consolidated statement of comprehensive income (unaudited) quarter 2. quarter 1st half-year 1st half-year I n CHF million, except for pe r share amoun ts Note 2020 20 19 2020 2019 Income statement Net revenue 2 2,706 2,803 5,443 5,663 Direct costs 3 (624) (656) (1,250) (1,339) Personnel expense 3 (679) (687) (1,379) (1,411) Other operating expense 3 (416) (500) (823) (948) Capitalised self-constructed assets and other income 3 110 161 217 275 Operating income before depreciation and amortisation 1,097 1,121 2,208 2,240 Depreciation and amortisation of property, plant and equipment and intangible assets (541) (550) (1,078) (1,097) Depreciation of right-of-use assets (77) (69) (147) (136) Operating income 479 502 983 1,007 Financial income 6 3 1 10 27 Financial expense 6 (70) (52) (114) (98) Result of equity-accounted investees 2 – 3 2 Income before income taxes 414 451 882 938 Income tax expense (72) (54) (146) (158) N et income 342 397 736 780 Other comprehensive income Actuarial gains and losses from defined benefit pension plans (26) 251 (190) 43 Change in fair value of equity instruments 3 (1) (4) – Items that will not be reclassified to income statement (23) 250 (194) 43 Foreign currency translation adjustments of foreign subsidiaries 8 (9) (27) (20) Change in cash flow hedges (7) (1) (10) 3 Items that are or may be reclassified subsequently to income statement 1 (10) (37) (17) O ther compr ehensive in come (22) 240 (231) 26 Comprehensive income Net income 342 397 736 780 Other comprehensive income (22) 240 (231) 26 C omprehens ive income 320 637 505 806 Share of net income and comprehensive income Equity holders of Swisscom Ltd 343 397 738 782 Non-controlling interests (1) – (2) (2) N et income 342 397 736 780 Equity holders of Swisscom Ltd 321 638 507 809 Non-controlling interests (1) (1) (2) (3) C omprehens ive income 320 637 505 806 Earnings per share Basic and diluted earnings per share (in CHF) 6.62 7.66 14.25 15.10