Notes to the consolidated financial statements - Swisscom

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Notes to the consolidated financial statements 17 Earnings per share The movement in deferred tax assets and liabilities (prior to offsetting of balances) during the period is as follows: CHF in millions Deferred tax assets At December 31, 2000 Charged/(credited) to income statement Exchange rate differences At December 31, 2001 CHF in millions Deferred tax liabilities At December 31, 2000 Adoption of IAS 39 Credited to income statement Credited to equity Acquisition of subsidiary At December 31, 2001 Intangible assets – 747 – 747 Property plant and equipment 362 – 73 – – 435 Income available to shareholders used in calculating both basic and diluted earnings per share is Swisscom’s reported net income for each year. Basic earnings per share is calculated by dividing the net income by the weighted average number of ordinary shares in issue during the year, excluding ordinary shares purchased by Swisscom and held as treasury shares. The basic earnings per share are calculated as follows: Net income (CHF in millions) Weighted-average number of ordinary shares in issue Basic earnings per share (CHF) The difference between basic and diluted weighted-average shares results from the assumption that dilutive stock appreciation rights outstanding were exercised. All outstanding stock appreciation rights were used for purposes of calculating the weighted-average shares outstanding as they had a dilutive effect. The purchased call options were not included in calculating dilutive earnings per share as their effect was antidilutive. The diluted earnings per share is calculated as follows: 36 Swisscom Consolidated financial statements Accrued pension cost Tax loss Other 323 (196) – 127 Accrued liabilities 45 – (31) – – 14 Net income (CHF in millions) Weighted-average number of ordinary shares in issue Adjustment for share appreciation rights Weighted-average number of ordinary shares for diluted earnings per share Diluted earnings per share (CHF) 15 (6) – 9 36 13 (1) 48 Other Long-term liabilities Other 79 – (4) – – 75 53 32 6 (32) 4 63 2000 3 156 73 540 974 42.91 2000 Total 374 558 (1) 931 Total 539 32 44 (32) 2001 4 964 73 543 972 67.50 2001 3 156 4 964 73 540 974 73 543 972 71 401 43 747 73 612 375 73 587 719 42.87 67.46 4 587
18 Cash and cash equivalents 19 Current financial assets 20 Trade accounts receivable 21 Inventories CHF in millions Cash deposits Term deposits Total cash and cash equivalents CHF in millions At January 1, 2000 Additions Disposals Revaluation surplus At December 31, 2000 Adoption of IAS 39. See Note 35. At January 1, 2001 Additions Disposals Translation adjustment Revaluation deficit included in equity. See Note 36. Revaluation surplus / (deficit) included in income statement At December 31, 2001 CHF in millions Trade accounts receivable Trade accounts receivable from affiliated companies Total trade accounts receivable, gross Allowance for bad debts Total trade accounts receivable, net 37 Swisscom Consolidated financial statements Loans and receivables originated 450 _ (400) – 50 – 50 4 556 (1 656) – – – 2 950 Availablefor-sale investments 65 16 (16) 2 67 – 67 196 (37) (5) (4) (1) 216 2000 580 1 685 2 265 2001 918 2 870 3 788 The weighted average effective interest rate on short term deposits was 2.71% in 2000 and 2.77% in 2001, respectively and these deposits have an average maturity of 9 days. CHF in millions Raw material and supplies Customer premises equipment for resale Total inventories, gross Allowance for obsolete and slow-moving items Total inventories, net Derivative financial instruments Total – – – – – 121 121 – – – (7) 36 150 2000 2 871 11 2 882 (279) 2 603 515 16 (416) 2 117 121 238 4 752 (1 693) (5) (11) 35 3 316 Derivative financial instruments comprise cross-currency interest rate swaps, interest rate swaps and forward foreign exchange contracts. 2000 112 186 298 (42) 256 2001 2 840 1 2 841 (316) 2 525 2001 114 187 301 (49) 252
Page 1 and 2: Financial Review 2001
Page 3 and 4: Review of the Group’s results
Page 5 and 6: Fixnet Retail and Network CHF in mi
Page 7 and 8: Enterprise Solutions CHF in million
Page 9 and 10: debitel Impairment of goodwill CHF
Page 11: Income tax expense Equity in net in
Page 14 and 15: Report of Group Auditors To the Sha
Page 16 and 17: Consolidated balance sheet CHF in m
Page 18 and 19: Consolidated cash flow statement Si
Page 20 and 21: Notes to the consolidated financial
Page 61 and 62: Financial statements of Swisscom AG
Page 63 and 64: Swisscom AG Income statement CHF in
Page 65 and 66: Notes to the financial statements 1
Page 67 and 68: Proposed appropriation of retained

Notes to the consolidated financial statements - Swisscom

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