Shareholders' Letter

Other Group
Swisscom operating Head- Elimi-
31.12.2010, in CHF million Switzerland Fastweb segments quarters nation Total
Net revenue from external customers 8,500 2,562 925 1 – 11,988
Net revenue with other segments 66 14 811 5 (896) –
Net revenue 8,566 2,576 1,736 6 (896) 11,988
Segment result 2,773 (158) 148 (140) 2 2,625
Financial income and financial expense, net (365)
Share of results of associated companies 28
Income before income taxes 2,288
Income tax expense (502)
Net income 1,786
Associated companies 218 – 11 2 – 231
Assets held for sale – – 4 – – 4
Capital expenditure in property, plant and
equipment and other intangible assets 1,204 585 130 – (16) 1,903
Depreciation and amortisation 1,022 747 189 14 (11) 1,961
Impairment losses 9 – 2 – – 11
Gain (loss) on disposal of property,
plant and equipment, net (2) – 19 – – 17
Share of results of associated companies 30 – – (2) – 28
Small & Total
Medium- Swisscom
Residential Sized Corporate Whole- Elimi- Switzer-
31.12.2010, in CHF million Customers Enterprises Business sale Networks & IT nation land
Net revenue from external customers 4,897 1,123 1,732 748 – – 8,500
Net revenue with other segments 293 52 126 505 – (910) 66
Net revenue 5,190 1,175 1,858 1,253 – (910) 8,566
Segment result 2,906 864 935 439 (2,372) 1 2,773
Associated companies
Capital expenditure in property, plant and
153 – – 65 – – 218
equipment and other intangible assets 128 9 80 – 988 (1) 1,204
Depreciation and amortisation 102 5 55 – 862 (2) 1,022
Impairment losses – – – – 9 – 9
Gain (loss) on disposal of property,
plant and equipment, net (1) – – – (1) – (2)
Share of results of associated companies 10 – – 20 – – 30