Shareholders' Letter

Swisscom has no share options and share subscription rights outstanding which could lead to a
dilution of earnings per share.
17 Cash and cash equivalents
In CHF million 31.12.2010 31.12.2009
Cash and sight balances 483 496
Term deposits – 36
Total cash and cash equivalents 483 532
In 2010, Swisscom had no term deposits outstanding. In the prior year, the average interest rate
on term deposits in CHF was 0.32% and in EUR 0.89%. In the prior year, the average maturity of
term deposits in CHF was 27 days and in EUR 41 days.
18 Trade and other receivables
In CHF million 31.12.2010 31.12.2009
Billed revenue 2,518 2,645
Accrued revenue 139 138
Allowances (247) (251)
Total trade receivables, net 2,410 2,532
Receivables from collection activities 24 23
Receivables from construction contracts 44 26
Accrual from international roaming traffic 263 333
Other receivables 16 27
Allowances (15) (15)
Total other receivables, net 332 394
Total trade and other receivables 2,742 2,926
All trade and other receivables are due within one year. Trade receivables are the object of active
credit-risk management which focuses on the assessment of country risk, on-going review of credit
risks and the monitoring of receivables. Credit-risk concentrations in Swisscom are minimised due
to the large number of customers and their geographical spread. Risks are monitored by country
and by class of counterparty.
The geographical distribution of trade receivables is as follows:
In CHF million 31.12.2010 31.12.2009
Switzerland 1,544 1,625
Italy 1,100 1,143
Other countries 13 15
Total billed and accrued revenue 2,657 2,783
Switzerland (54) (54)
Italy (192) (196)
Other countries (1) (1)
Total allowance for receivables (247) (251)
Total trade receivables, net 2,410 2,532