Shareholders' Letter

Financial statements of Swisscom Ltd
Income statement
In CHF million 2010 2009
Net revenue from sale of goods and services 228 191
Other income 34 37
Total net revenue and other income 262 228
Personnel expense (82) (78)
Other operating expense (99) (103)
Depreciation and amortisation (5) (4)
Total operating expenses (186) (185)
Operating income 76 43
Financial expense (283) (223)
Financial income 291 343
Income from participations 2,131 626
Income tax expense (14) (10)
Net income 2,201 779