Shareholders' Letter

9 Participations and recording of dividends from subsidiaries
Participations are accounted for at acquisition cost less provisions for impairment. Dividends from
fully-consolidated subsidiaries of Swisscom Ltd are recognised in the year in respect of which the
dividend is proposed. The dividends of the subsidiary companies have been approved at their
respective Annual General Shareholder Meetings. A list of direct and indirect shareholdings of
Swisscom Ltd is provided in Note 41 to the consolidated financial statements.
10 Assets subject to restriction
As of 31 December 2010, term deposits totalling CHF 93 million (prior year: CHF 85 million) could
not be freely disposed of. These assets serve to secure liabilities arising from cross-border lease
arrangements. See Note 26 to the consolidated financial statements.
11 Information on risk assessment process
Swisscom Ltd is fully integrated into the risk assessment process of Swisscom Group. This groupwide
risk-assessment process also takes into consideration the nature and scope of business activities
and the specific risks of Swisscom Ltd. See Note 39 to the consolidated financial statements.
12 Management compensation
Compensation for the members of the Board of Directors
Base emoluments and
functional allowances
Meeting
Cash compensation Share-based attendance
2010, in CHF thousand payment fees Total 2010
Anton Scherrer 334 185 76 595
Hugo Gerber 1 98 54 19 171
Michel Gobet 98 54 18 170
Torsten G. Kreindl 114 63 22 199
Hansueli Loosli 2 98 54 25 177
Catherine Mühlemann 98 54 21 173
Felix Rosenberg 144 81 25 250
Richard Roy 114 63 25 202
Othmar Vock 112 63 28 203
Total compensation to members of the Board of Directors 1,210 671 259 2,140
1 In addition, a cash compensation of CHF 9,000 was paid as member of the Board of Directors of Worklink AG.
2 Cash compensation is paid to Coop.