Normalised consolidated income statement
| 30.06.2023 | 30.06.2022 | |||||||||||||
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| in CHF mn | Comment | Income statement |
One-off effects |
Normalised income statement |
Income statement |
One-off effects |
Normalised income statement |
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| Advertising revenue | 1 | 140.9 | 0.2 | 141.1 | 113.2 | – | 113.2 | |||||||
| Classifieds & services revenue | 121.1 | – | 121.1 | 123.8 | – | 123.8 | ||||||||
| Commercialization revenue | 34.9 | – | 34.9 | 37.5 | – | 37.5 | ||||||||
| Subscriptions & single sales revenue | 1 | 113.1 | 0.1 | 113.2 | 116.0 | – | 116.0 | |||||||
| Printing & logistics revenue | 37.3 | – | 37.3 | 39.6 | – | 39.6 | ||||||||
| Other operating revenue | 12.5 | – | 12.5 | 12.0 | – | 12.0 | ||||||||
| Other income | 2 | 0.7 | – | 0.7 | 3.5 | (2.5) | 1.0 | |||||||
| Revenues | 460.5 | 0.3 | 460.7 | 445.7 | (2.5) | 443.3 | ||||||||
| Cost of material and services | (79.2) | – | (79.2) | (77.2) | – | (77.2) | ||||||||
| Personnel expense | (206.3) | – | (206.3) | (212.5) | – | (212.5) | ||||||||
| Other operating expense | 3 | (101.9) | – | (101.9) | (100.9) | 4.3 | (96.7) | |||||||
| Share of net result of associates / joint ventures | 4 | 13.5 | 7.0 | 20.5 | 6.4 | 10.1 | 16.5 | |||||||
| Operating income / (loss) before depreciation and amortisation (EBITDA) | 86.7 | 7.3 | 93.9 | 61.5 | 11.9 | 73.4 | ||||||||
| Depreciation and amortisation | (39.6) | – | (39.6) | (32.8) | – | (32.8) | ||||||||
| Operating income / (loss) before effects of business combinations (EBIT b. PPA) | 47.1 | 7.3 | 54.3 | 28.7 | 11.9 | 40.6 | ||||||||
| Depreciation and amortisation resulting from business combinations | 5 | (25.7) | 25.7 | – | (25.1) | 25.1 | – | |||||||
| Operating income / (loss) (EBIT) | 21.4 | 32.9 | 54.3 | 3.7 | 37.0 | 40.6 | ||||||||
| Financial income | 6 | 7.7 | – | 7.7 | 10.7 | (2.2) | 8.5 | |||||||
| Financial expense | 7 | (8.8) | 4.0 | (4.9) | (9.5) | 0.6 | (8.9) | |||||||
| Income / (loss) before taxes (EBT) | 20.3 | 36.9 | 57.2 | 4.9 | 35.3 | 40.2 | ||||||||
| Income taxes | 8 | (6.6) | (4.2) | (10.8) | (3.5) | (4.6) | (8.1) | |||||||
| Net income / (loss) (EAT) | 13.7 | 32.7 | 46.4 | 1.3 | 30.8 | 32.1 | ||||||||
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1 The normalisation in 2023 relates to the correction of deferred revenue for Clear Channel Switzerland of CHF 0.2 mn (Goldbach segment) and Berner Oberland Medien of CHF 0.1 mn (Tamedia segment). For these, deferred revenue was adjusted to its fair value as part of the initial consolidation.
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2 The normalisation 2022 concerns all incoming payments from the 2016 and earlier accounting periods that could not be allocated to an invoice and could not be repaid. These were released to income (Tamedia and Group & Ventures segments).
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3 The normalisation in 2022 relates to the full repayment of CHF 3.1 mn of the extraordinary support received from the Swiss Confederation in 2021 for the reduced delivery of subscribed daily and weekly newspapers (Press Promotion, Tamedia segment). In addition, CHF 1.1 mn was normalised for the value adjustment and sale of old receivables (Group & Ventures segment).
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4 The normalisation in 2023 relates to the share of amortisation, depreciation and impairment resulting from business combinations involving the associate SMG Swiss Marketplace Group AG in the amount of CHF 7.0 mn. In 2022, CHF 10.1 mn was normalised in relation to the same matter (TX Markets segment, after deferred taxes).
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5 Depreciation and amortisation from business combinations are normalised in full. Allocation to the segments according to "Segment information".
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6 The Normalisation 2022 relates to the gain on disposal from the sale of 0.09% of the shares in SMG Swiss Marketplace Group AG to GeneraI Atlantic SC B.V. (Group & Ventures segment).
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7 The normalisation in 2023 relates to the effect, associated with SMG Swiss Marketplace Group AG, resulting from the full acquisition of non-controlling interests (34%) in IAZI,
which has a negative impact on the equity share of CHF 2.0 mn (Group & Ventures segment), as well as to the effect resulting from the increase in the holding in hokify GmbH by Karriere.at GmbH of CHF 1.9 mn (TX Markets segment). The normalisation in 2022 relates to the dilutive effect of a capital increase and therefore a reduction in shareholdings due to employee shareholding programmes at SMG Swiss Marketplace Group AG of CHF 0.6 mn (Group & Ventures segment). |
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8 The tax effects associated with one-off effects are normalised accordingly.
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