Shareholders' Letter
Shareholders' Letter
Shareholders' Letter
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The future payments of the liabilities arising under finance leases, expressed in terms of their present<br />
value, as of 31 December 2009 and 2010 were as follows:<br />
31.12.2009<br />
In CHF million 31.12.2010 restated<br />
Within 1 year 14 17<br />
Within 1 to 2 years 24 12<br />
Within 2 to 3 years 7 20<br />
Within 3 to 4 years 6 5<br />
Within 4 to 5 years 6 4<br />
After 5 years 618 637<br />
Total present value of finance lease liabilities 675 695<br />
Other financial liabilities<br />
Other financial liabilities as of 31 December 2010 include an amount payable of EUR 71 million<br />
(CHF 96 million) in connection with the squeeze-out proceedings with regard to the minority<br />
shareholders of Fastweb. See Note 5. Furthermore, other financial liabilities as of 31 December<br />
2010 include debts of CHF 6 million (prior year: CHF 5 million) which are secured by mortgages<br />
over real estate with a carrying amount of CHF 11 million (prior year: CHF 15 million). In 2010,<br />
other financial liabilities which had been collateralised by value-added tax receivables were repaid<br />
in full.<br />
27 Trade and other payables<br />
In CHF million 31.12.2010 31.12.2009<br />
Supplier invoices received 1,317 1,402<br />
Goods and services received not yet invoiced 369 351<br />
Total trade payables 1,686 1,753<br />
Liabilities from collection activities 23 24<br />
Liabilities from construction contracts 5 4<br />
Accrual from international roaming traffic 180 225<br />
Miscellaneous liabilities 321 308<br />
Total other liabilities 529 561<br />
Total trade and other payables 2,215 2,314<br />
Consolidated financial statements 186 | 187<br />
Notes to the consolidated financial statements
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