Shareholders' Letter

Consolidated statement
of changes in equity
Share Capital Retained Treasury Other
Equity
attributable
to equity
holders of Minority Total
In CHF million capital reserves earnings shares reserves Swisscom interests equity
Balance at 31 December 2008 53 370 6,611 (738) (907) 5,389 374 5,763
Change in accounting policies 3.26 – – (116) – – (116) – (116)
Balance at 1 January 2009 53 370 6,495 (738) (907) 5,273 374 5,647
Net income – – 1,926 – – 1,926 (3) 1,923
Other comprehensive income – – – – 77 77 (1) 76
Comprehensive income – – 1,926 – 77 2,003 (4) 1,999
Dividends paid 32 – – (984) – – (984) (55) (1,039)
Share capital reduction 31 (1) – (737) 738 – – – –
Acquisition of treasury shares
for share-based payments 31 Allocation of treasury shares
– – – (3) – (3) – (3)
for share-based payments 11,31 – – – 2 – 2 – 2
Change in scope of consolidation 5 – – – – – – 4 4
Balance at 31 December 2009 52 370 6,700 (1) (830) 6,291 319 6,610
Net income – – 1,811 – – 1,811 (25) 1,786
Other comprehensive income – – – – (690) (690) (29) (719)
Comprehensive income – – 1,811 – (690) 1,121 (54) 1,067
Dividends paid 32 Acquisition of treasury shares
– – (1,036) – – (1,036) (8) (1,044)
for share-based payments 31 Allocation of treasury shares
– – – (2) – (2) – (2)
for share-based payments 11,31 – – – 2 – 2 – 2
Purchase of minority interests 5 – – (54) – (66) (120) (229) (349)
Balance at 31 December 2010 52 370 7,421 (1) (1,586) 6,256 28 6,284
Reference numbers relate to the notes to the consolidated financial statements.