Chunghwa Telecom Co Ltd 6-K, filed May 11, 2023

Chunghwa Telecom Co Ltd (CHT)

6-K 2023-05-11 For: 2023-05-11

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Added on April 06, 2026

About this 6-K

Chunghwa Telecom Co Ltd filed this 6-K on May 11, 2023.

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Exhibit		Description

99.1		To announce the differences between consolidated financial statements for the three months ended March 31, 2023 under Taiwan-IFRSs and that under IFRSs

99.2		Consolidated Financial Statements for the Three Months Ended March 31, 2023 and 2022 and Independent Auditors’ Review Report pursuant to International Financial Reporting Standards adopted by ROC (“Taiwan-IFRSs”)

99.3		Consolidated Financial Statements for the Three Months Ended March 31, 2023 and 2022 pursuant to International Financial Reporting Standards issued by the International Accounting Standards Board (“IFRSs”)


Chunghwa Telecom Co., Ltd.

By:		/s/ Yu-Shen Chen
Name:		Yu-Shen Chen
Title:		Chief Financial Officer


	March 31, 2023 (Reviewed)				December 31, 2022 (Audited)					March 31, 2022 (Reviewed)
ASSETS	Amount		%		Amount			%		Amount			%
CURRENT ASSETS
Cash and cash equivalents (Note 6)	$	38,715,923		7	$	50,192,604			10	$	46,500,497			9
Financial assets at fair value through profit or loss (Note 7)		4,293		—		3,953			—		3,190			—
Hedging financial assets (Note 20)		1,196		—		12,891			—		8,055			—
Contract assets (Note 29)		6,123,875		1		6,055,343			1		5,539,500			1
Trade notes and accounts receivable, net (Notes 9 and 29)		20,990,008		4		24,672,473			5		21,069,723			4
Receivables from related parties (Note 37)		48,058		—		75,061			—		39,645			—
Inventories (Note 10)		12,024,091		2		11,316,406			2		12,512,537			2
Prepayments (Note 11)		5,484,376		1		2,398,608			—		5,281,217			1
Other current monetary assets (Note 12)		19,980,438		4		3,618,902			1		6,758,881			1
Other current assets (Notes 19 and 38)		3,841,419		1		3,555,423			1		3,352,163			1

Total current assets		107,213,677		20		101,901,664			20		101,065,408			19

NONCURRENT ASSETS
Financial assets at fair value through profit or loss (Note 7)		1,073,777		—		1,020,203			—		805,944			—
Financial assets at fair value through other comprehensive income (Note 8)		4,040,213		1		3,491,381			1		3,574,284			1
Investments accounted for using equity method (Note 14)		7,248,179		1		7,155,851			1		7,463,988			2
Contract assets (Note 29)		3,344,517		1		3,136,801			1		2,756,204			1
Property, plant and equipment (Notes 15, 34, 37 and 38)		289,265,406		56		291,527,910			56		285,930,724			54
Right-of-use assets (Notes 16 and 37)		11,093,820		2		11,102,549			2		10,744,006			2
Investment properties (Note 17)		8,993,035		2		9,803,861			2		9,652,091			2
Intangible assets (Notes 18 and 37)		77,556,614		15		79,187,087			15		82,328,310			16
Deferred income tax assets (Note 3)		2,154,497		—		2,196,645			—		2,760,894			1
Incremental costs of obtaining contracts (Note 29)		954,772		—		979,914			—		967,462			—
Net defined benefit assets (Note 3)		5,429,492		1		5,265,721			1		3,581,626			1
Prepayments (Note 11)		1,695,289		—		1,728,277			—		1,820,461			—
Other noncurrent assets (Notes 19, 38 and 39)		4,472,162		1		4,705,624			1		4,923,591			1

Total noncurrent assets		417,321,773		80		421,301,824			80		417,309,585			81

TOTAL	$	524,535,450		100	$	523,203,488			100	$	518,374,993			100

LIABILITIES AND EQUITY
CURRENT LIABILITIES
Short-term loans (Note 21)	$	341,800		—	$	722,000			—	$	65,000			—
Contract liabilities (Note 29)		12,898,161		2		13,390,439			3		12,701,430			3
Trade notes and accounts payable (Note 24)		9,972,835		2		16,428,856			3		11,823,029			2
Payables to related parties (Note 37)		277,579		—		539,194			—		214,092			—
Current tax liabilities (Note 3)		7,245,762		1		4,956,465			1		6,830,152			1
Lease liabilities (Notes 16, 34 and 37)		3,319,259		1		3,338,813			1		2,994,856			1
Other payables (Notes 25 and 34)		21,964,773		5		25,079,960			5		21,665,000			4
Provisions (Note 26)		222,990		—		226,019			—		251,488			—
Other current liabilities		974,018		—		1,016,179			—		1,026,505			—

Total current liabilities		57,217,177		11		65,697,925			13		57,571,552			11

NONCURRENT LIABILITIES
Long-term loans (Notes 22 and 38)		1,600,000		—		1,600,000			—		1,600,000			—
Bonds payable (Note 23)		30,478,739		7		30,477,357			6		30,473,352			6
Contract liabilities (Note 29)		7,665,182		2		7,674,095			2		6,900,647			2
Deferred income tax liabilities (Note 3)		2,336,333		—		2,300,845			—		2,197,088			—
Provisions (Note 26)		464,538		—		173,033			—		141,275			—
Lease liabilities (Notes 16, 34 and 37)		7,243,867		1		7,333,694			2		6,909,109			2
Customers’ deposits (Note 37)		5,012,177		1		5,156,700			1		4,916,202			1
Net defined benefit liabilities (Note 3)		2,266,718		—		2,285,224			—		2,290,631			—
Other noncurrent liabilities		6,759,255		1		6,726,187			1		4,992,300			1

Total noncurrent liabilities		63,826,809		12		63,727,135			12		60,420,604			12

Total liabilities		121,043,986		23		129,425,060			25		117,992,156			23

EQUITY ATTRIBUTABLE TO STOCKHOLDERS OF THE PARENT (Notes 13 and 28)
Common stocks		77,574,465		15		77,574,465			15		77,574,465			15

Additional paid-in capital		171,309,798		33		171,300,898			32		171,291,613			33

Retained earnings
Legal reserve		77,574,465		15		77,574,465			15		77,574,465			15
Special reserve		3,083,569		1		3,083,569			1		2,675,419			1
Unappropriated earnings		61,521,942		11		51,868,574			10		59,700,126			11

Total retained earnings		142,179,976		27		132,526,608			26		139,950,010			27

Others		266,822		—		(223,084	)		—		(362,831	)		—

Total equity attributable to stockholders of the parent		391,331,061		75		381,178,887			73		388,453,257			75
NONCONTROLLING INTERESTS (Notes 13 and 28)		12,160,403		2		12,599,541			2		11,929,580			2

Total equity		403,491,464		77		393,778,428			75		400,382,837			77

TOTAL	$	524,535,450		100	$	523,203,488			100	$	518,374,993			100


	Three Months Ended March 31
	2023					2022
	Amount			%		Amount			%
REVENUES (Notes 29, 37 and 43)	$	54,210,905			100	$	51,294,739			100
OPERATING COSTS (Notes 10, 27, 30 and 37)		33,629,816			62		31,690,894			62

GROSS PROFIT		20,581,089			38		19,603,845			38

OPERATING EXPENSES (Notes 9, 27, 30 and 37)
Marketing		5,671,750			11		5,445,221			11
General and administrative		1,657,125			3		1,547,548			2
Research and development		978,038			2		848,452			2
Expected credit loss		100,368			—		101,386			—

Total operating expenses		8,407,281			16		7,942,607			15

OTHER INCOME AND EXPENSES (Note 30)		(44	)		—		(1,357	)		—

INCOME FROM OPERATIONS		12,173,764			22		11,659,881			23

NON-OPERATING INCOME AND EXPENSES
Interest income		117,711			—		24,398			—
Other income (Notes 30 and 37)		44,786			—		44,383			—
Other gains and losses (Notes 30, 36 and 37)		(103,964	)		—		(108,326	)		—
Interest expense (Notes 16, 30 and 37)		(75,412	)		—		(56,012	)		—
Share of profits of associates and joint ventures accounted for using equity method (Note 14)		103,108			—		110,069			—

Total non-operating income and expenses		86,229			—		14,512			—

INCOME BEFORE INCOME TAX		12,259,993			22		11,674,393			23
INCOME TAX EXPENSE (Notes 3 and 31)		2,386,947			4		2,283,416			5

NET INCOME		9,873,046			18		9,390,977			18

TOTAL OTHER COMPREHENSIVE INCOME (LOSS)
Items that will not be reclassified to profit or loss:
Unrealized gain or loss on investments in equity instruments at fair value through other comprehensive income (Notes 28 and 36)		548,832			1		(44,560	)		—


	Three Months Ended March 31
	2023					2022
	Amount			%		Amount			%
Gain or loss on hedging instruments subject to basis adjustment (Note 20)	$	(11,695	)		—	$	16,341			—
Share of other comprehensive income of associates and joint ventures (Note 14)		10,113			—		1,524			—

		547,250			1		(26,695	)		—

Items that may be reclassified subsequently to profit or loss:
Exchange differences arising from the translation of the foreign operations		(47,223	)		—		77,050			—
Share of other comprehensive loss of associates and joint ventures (Note 14)		(820	)		—		(194	)		—

		(48,043	)		—		76,856			—

Total other comprehensive income, net of income tax		499,207			1		50,161			—

TOTAL COMPREHENSIVE INCOME	$	10,372,253			19	$	9,441,138			18

NET INCOME ATTRIBUTABLE TO
Stockholders of the parent	$	9,643,255			18	$	9,059,580			18
Noncontrolling interests		229,791			—		331,397			—

	$	9,873,046			18	$	9,390,977			18

COMPREHENSIVE INCOME ATTRIBUTABLE TO
Stockholders of the parent	$	10,143,274			19	$	9,106,423			18
Noncontrolling interests		228,979			—		334,715			—

	$	10,372,253			19	$	9,441,138			18

EARNINGS PER SHARE (Note 32)
Basic	$	1.24				$	1.17

Diluted	$	1.24				$	1.17


The accompanying notes are an integral part of the consolidated financial statements.		(Concluded)


	Equity Attributable to Stockholders of the Parent (Notes 13, 20 and 28)
												Others
															Unrealized Gain or Loss on Financial Assets at Fair Value Through Other Comprehensive Income
												Exchange Differences Arising from the Translation of the Foreign Operations


						Retained Earnings												Gain or Loss on Hedging Instruments						Noncontrolling Interests (Notes 13 and 28)
	Common Stocks		Additional Paid-in Capital			Legal Reserve		Special Reserve		Unappropriated Earnings								Gain or Loss on Hedging Instruments			Total			Noncontrolling Interests (Notes 13 and 28)			Total Equity
BALANCE, JANUARY 1, 2022	$	77,574,465	$	171,279,625		$	77,574,465	$	2,675,419	$	50,639,022	$	(392,276	)	$	(7,588	)	$	(8,286	)	$	379,334,846		$	11,927,604		$	391,262,450
Cash dividends by subsidiaries		—		—			—		—		—		—			—			—			—			(370,957	)		(370,957	)
Change in additional paid-in capital from investments in associates and joint ventures accounted for using equity method		—		(1,159	)		—		—		—		—			—			—			(1,159	)		(51	)		(1,210	)
Net income for the three months ended March 31, 2022		—		—			—		—		9,059,580		—			—			—			9,059,580			331,397			9,390,977
Other comprehensive income (loss) for the three months ended March 31, 2022		—		—			—		—		1,524		66,473			(37,495	)		16,341			46,843			3,318			50,161

Total comprehensive income (loss) for the three months ended March 31, 2022		—		—			—		—		9,061,104		66,473			(37,495	)		16,341			9,106,423			334,715			9,441,138

Share-based payment transactions of subsidiaries		—		13,147			—		—		—		—			—			—			13,147			38,269			51,416

BALANCE, MARCH 31, 2022	$	77,574,465	$	171,291,613		$	77,574,465	$	2,675,419	$	59,700,126	$	(325,803	)	$	(45,083	)	$	8,055		$	388,453,257		$	11,929,580		$	400,382,837

BALANCE, JANUARY 1, 2023	$	77,574,465	$	171,300,898		$	77,574,465	$	3,083,569	$	51,868,574	$	(111,213	)	$	(124,762	)	$	12,891		$	381,178,887		$	12,599,541		$	393,778,428
Cash dividends by subsidiaries		—		—			—		—		—		—			—			—			—			(676,862	)		(676,862	)
Net income for the three months ended March 31, 2023		—		—			—		—		9,643,255		—			—			—			9,643,255			229,791			9,873,046
Other comprehensive income (loss) for the three months ended March 31, 2023		—		—			—		—		10,113		(44,875	)		546,476			(11,695	)		500,019			(812	)		499,207

Total comprehensive income (loss) for the three months ended March 31, 2023		—		—			—		—		9,653,368		(44,875	)		546,476			(11,695	)		10,143,274			228,979			10,372,253

Share-based payment transactions of subsidiaries		—		8,900			—		—		—		—			—			—			8,900			(6,428	)		2,472
Net increase in noncontrolling interests		—		—			—		—		—		—			—			—			—			15,173			15,173

BALANCE, MARCH 31, 2023	$	77,574,465	$	171,309,798		$	77,574,465	$	3,083,569	$	61,521,942	$	(156,088	)	$	421,714		$	1,196		$	391,331,061		$	12,160,403		$	403,491,464


			Percentage of Ownership Interests
Name of Investor	Name of Investee	Main Businesses and Products	March 31, 2023	December 31, 2022	March 31, 2022	Note
Chunghwa Telecom Co., Ltd.	Senao International Co., Ltd. (“SENAO”)	Handset and peripherals retailer, sales of CHT mobile phone plans as an agent	28	28	28	a.
	Light Era Development Co., Ltd. (“LED”)	Planning and development of real estate and intelligent buildings, and property management	100	100	100
	Donghwa Telecom Co., Ltd. (“DHT”)	International private leased circuit, IP VPN service, and IP transit services	100	100	100
	Chunghwa Telecom Singapore Pte., Ltd. (“CHTS”)	International private leased circuit, IP VPN service, and IP transit services	100	100	100
	Chunghwa System Integration Co., Ltd. (“CHSI”)	Providing system integration services and telecommunications equipment	100	100	100
	Chunghwa Investment Co., Ltd. (“CHI”)	Investment	89	89	89
	CHIEF Telecom Inc. (“CHIEF”)	Network integration, internet data center (“IDC”), communications integration and cloud application services	56	56	56	b.
	CHYP Multimedia Marketing & Communications Co., Ltd. (“CHYP”)	Digital information supply services and advertisement services	100	100	100
	Prime Asia Investments Group Ltd. (“Prime Asia”)	Investment	100	100	100
	Spring House Entertainment Tech. Inc. (“SHE”)	Software design services, internet contents production and play, and motion picture production and distribution	56	56	56
	Chunghwa Telecom Global, Inc. (“CHTG”)	International private leased circuit, internet services, and transit services	100	100	100
	Chunghwa Telecom Vietnam Co., Ltd. (“CHTV”)	Intelligent energy saving solutions, international circuit, and information and communication technology (“ICT”) services.	100	100	100
	Smartfun Digital Co., Ltd. (“SFD”)	Providing diversified family education digital services	65	65	65
	Chunghwa Telecom Japan Co., Ltd. (“CHTJ”)	International private leased circuit, IP VPN service, and IP transit services	100	100	100
	Chunghwa Sochamp Technology Inc. (“CHST”)	Design, development and production of Automatic License Plate Recognition software and hardware	37	37	51	c.


New, Revised or Amended Standards and Interpretations		Effective Date Announced by IASB (Note 1)
Amendments to IFRS 10 and IAS 28	Sale or Contribution of Assets between An Investor and Its Associate or Joint Venture	To be determined by IASB
Amendments to IFRS 16	Leases Liability in a Sale and Leaseback	January 1, 2024 (Note 2)
Amendments to IAS 1	Classification of Liabilities as Current or Non-current	January 1, 2024
Amendments to IAS 1	Non-current Liabilities with Covenants	January 1, 2024


	March 31, 2023		December 31, 2022		March 31, 2022
Cash
Cash on hand	$	392,266	$	471,751	$	315,194
Bank deposits		9,970,391		10,423,195		12,639,031

		10,362,657		10,894,946		12,954,225

Cash equivalents (with maturities of less than three months)
Commercial papers		17,123,316		19,592,233		15,639,346
Negotiable certificates of deposit		6,800,000		15,500,000		15,000,000
Time deposits		4,429,950		4,205,425		2,905,535
Stimulus vouchers		—		—		1,391

		28,353,266		39,297,658		33,546,272

	$	38,715,923	$	50,192,604	$	46,500,497


	March 31, 2023		December 31, 2022		March 31, 2022
Financial assets-noncurrent
Mandatorily measured at FVTPL
Non-derivatives
Non-listed stocks - domestic	$	724,596	$	758,312	$	618,472
Non-listed stocks - foreign		97,677		102,648		165,021
Limited partnership - domestic		228,149		135,121		22,451
Film and drama investing agreement		23,355		24,122		—

	$	1,073,777	$	1,020,203	$	805,944


	Not Past Due			Past Due Less than 30 Days			Pass Due 31 to 60 Days			Pass Due 61 to 90 Days			Pass Due 91 to 120 Days			Pass Due 121 to 180 Days			Pass Due over 180 Days			Total
Telecommunications business
Expected credit loss rate (Note a)		0%~1%			1%~21%			3%~64%			11%~81%			24%~90%			48%~96%			100%
Gross carrying amount	$	15,877,741		$	360,047		$	161,855		$	130,047		$	48,799		$	37,404		$	609,373		$	17,225,266
Loss allowance (lifetime ECL)		(58,227	)		(44,535	)		(53,277	)		(22,667	)		(22,249	)		(33,722	)		(609,373	)		(844,050	)

Amortized cost	$	15,819,514		$	315,512		$	108,578		$	107,380		$	26,550		$	3,682		$	—		$	16,381,216

Project business
Expected credit loss rate (Note b)		0%~5%			5%			10%			30%			50%			80%			100%
Gross carrying amount	$	2,205,320		$	49,109		$	29,021		$	19,307		$	696		$	623		$	313,122		$	2,617,198
Loss allowance (lifetime ECL)		(2,026	)		(3,165	)		(2,902	)		(6,414	)		(348	)		(499	)		(313,122	)		(328,476	)

Amortized cost	$	2,203,294		$	45,944		$	26,119		$	12,893		$	348		$	124		$	—		$	2,288,722


	Principal		Proportion of Ownership Interests and Voting Rights Held by Noncontrolling Interests
Subsidiaries	Place of Business		March 31, 2023			December 31, 2022			March 31, 2022
SENAO		Taiwan		72	%		72	%		72	%
CHPT		Taiwan		66	%		66	%		66	%


	Profit Allocated to Noncontrolling Interests					Accumulated Noncontrolling Interests
	Three Months Ended March 31					March 31,		December 31,		March 31,
	2023			2022		2023		2022		2022
SENAO	$	141,198		$	130,080	$	4,322,953	$	4,592,326	$	4,227,052

CHPT	$	(26,832	)	$	73,917		5,230,536		5,259,231		5,040,697

Individually immaterial subsidiaries with noncontrolling interests							2,606,914		2,747,984		2,661,831

						$	12,160,403	$	12,599,541	$	11,929,580


	Three Months Ended March 31, 2023
	CHTSC Share-Based Payment
Cash consideration received from noncontrolling interests (Note)	$	—
The proportionate share of the carrying amount of the net assets of the subsidiary transferred from noncontrolling interests		8,900

Differences arising from equity transactions	$	8,900

Line items for equity transaction adjustments
Additional paid-in capital - arising from changes in equities of subsidiaries	$	8,900


/s/ Yih-Shin Kao				/s/ Mei Yen Chiang


	Three Months Ended March 31
	2023			2022
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of financial assets at fair value through other comprehensive income	$	—		$	(2,956	)
Acquisition of financial assets at fair value through profit or loss		(100,000	)		(6,002	)
Proceeds from disposal of financial assets at fair value through profit or loss		—			8,680
Proceeds from capital reduction of financial assets at fair value through profit or loss		—			44,400
Acquisition of time deposits, negotiable certificates of deposit and commercial paper with maturities of more than three months		(16,105,875	)		(2,707,812	)
Proceeds from disposal of time deposits, negotiable certificates of deposit and commercial paper with maturities of more than three months		261,404			878,813
Acquisition of investments accounted for using equity method		—			(20,000	)
Acquisition of property, plant and equipment		(5,418,138	)		(5,227,651	)
Proceeds from disposal of property, plant and equipment		3,469			2,128
Acquisition of intangible assets		(46,118	)		(17,472	)
Decrease (increase) in other noncurrent assets		211,373			(59,864	)
Interests received		99,089			23,375

Net cash used in investing activities		(21,094,796	)		(7,084,361	)

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from short-term loans		855,800			13,000
Repayments of short-term loans		(1,236,000	)		(13,000	)
Proceeds from issuance of bonds		—			3,500,000
Payments for transaction costs attributable to the issuance of bonds		—			(4,463	)
Decrease in customers’ deposits		(153,475	)		(428,053	)
Payments for the principal of lease liabilities		(1,090,899	)		(1,057,594	)
Increase (decrease) in other noncurrent liabilities		33,068			(89,610	)
Cash dividends distributed to noncontrolling interests		(5,639	)		—
Change in other noncontrolling interests		15,173			47,413

Net cash provided by (used in) financing activities		(1,581,972	)		1,967,693

EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS		(5,941	)		21,863

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(11,476,681	)		6,721,873
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD		50,192,604			39,778,624

CASH AND CASH EQUIVALENTS, END OF PERIOD	$	38,715,923		$	46,500,497


	Three Months Ended March 31, 2022
	CHIEF Share-Based Payment			CHTSC Share-Based Payment
Cash consideration received from noncontrolling interests	$	27,317		$	20,096
The proportionate share of the carrying amount of the net assets of the subsidiary transferred to noncontrolling interests		(16,977	)		(17,289	)

Differences arising from equity transactions	$	10,340		$	2,807

Line items for equity transaction adjustments
Additional paid-in capital - arising from changes in equities of subsidiaries	$	10,340		$	2,807


	Carrying Amount
	March 31, 2023		December 31, 2022		March 31, 2022
Material associate
Non-listed
Next Commercial Bank Co., Ltd. (“NCB”)	$	3,077,942	$	3,173,309	$	3,528,438

Associates that are not individually material
Listed
Senao Networks, Inc. (“SNI”)		1,480,401		1,395,858		1,158,873
KingwayTek Technology Co., Ltd. (“KWT”)		271,174		267,125		262,792
Non-listed
Viettel-CHT Co., Ltd. (“Viettel-CHT”)		587,080		558,532		470,707
Taiwan International Standard Electronics Co., Ltd. (“TISE”)		347,207		296,501		356,600
Chunghwa PChome Fund I Co., Ltd. (“CPFI”)		276,539		277,776		219,253
ST-2 Satellite Ventures Pte., Ltd. (“STS”)		273,844		246,815		567,103
So-net Entertainment Taiwan Limited (“So-net”)		226,233		228,184		224,689
WiAdvance Technology Corporation (“WATC”)		221,235		227,868		245,706
KKBOX Taiwan Co., Ltd. (“KKBOXTW”)		175,395		173,634		161,236
Taiwan International Ports Logistics Corporation (“TIPL”)		109,184		101,078		76,080
CHT Infinity Singapore Pte. Ltd. (“CISG”)		59,755		62,948		56,713
Click Force Co., Ltd. (“CF”)		41,509		40,932		38,989
Imedtac Co., Ltd. (“IME”)		39,848		40,866		43,258
AgriTalk Technology Inc. (“ATT”)		33,698		34,738		17,061
Baohwa Trust Co., Ltd. (“BHT”)		10,588		13,267		20,000
Cornerstone Ventures Co., Ltd. (“CVC”)		6,945		6,743		6,617

		4,160,635		3,972,865		3,925,677

	$	7,238,577	$	7,146,174	$	7,454,115


	% of Ownership Interests and Voting Rights
	March 31, 2023		December 31, 2022		March 31, 2022
Material associate
Non-listed
Next Commercial Bank Co., Ltd. (“NCB”)		42		42		42
Associates that are not individually material
Listed
Senao Networks, Inc. (“SNI”)		34		34		34
KingwayTek Technology Co., Ltd. (“KWT”)		23		23		23
Non-listed
Viettel-CHT Co., Ltd. (“Viettel-CHT”)		30		30		30
Taiwan International Standard Electronics Co., Ltd. (“TISE”)		40		40		40
Chunghwa PChome Fund I Co., Ltd. (“CPFI”)		50		50		50
ST-2 Satellite Ventures Pte., Ltd. (“STS”)		38		38		38
So-net Entertainment Taiwan Limited (“So-net”)		30		30		30
WiAdvance Technology Corporation (“WATC”)		20		20		20
KKBOX Taiwan Co., Ltd. (“KKBOXTW”)		30		30		30
Taiwan International Ports Logistics Corporation (“TIPL”)		27		27		27
CHT Infinity Singapore Pte. Ltd. (“CISG”)		40		40		40
Click Force Co., Ltd. (“CF”)		49		49		49
Imedtac Co., Ltd. (“IME”)		7		7		7
AgriTalk Technology Inc. (“ATT”)		29		29		17
Baohwa Trust Co., Ltd. (“BHT”)		40		40		40
Cornerstone Ventures Co., Ltd. (“CVC”)		49		49		49


	Carrying Amount						% of Ownership Interests and Voting Rights
Name of Joint Venture	March 31, 2023		December 31, 2022		March 31, 2022		March 31, 2023			December 31, 2022			March 31, 2022
Non-listed
Chunghwa SEA Holdings (“CHT SEA”)	$	9,602	$	9,677	$	9,873		51	%		51	%		51	%


	Land			Land Improvements			Buildings			Computer Equipment			Telecommuni- cations Equipment			Transportation Equipment			Miscellaneous Equipment			Construction in Progress and Equipment to be Accepted			Total
Cost
Balance on January 1, 2022	$	102,644,714		$	1,661,628		$	71,358,036		$	11,217,048		$	713,534,222		$	3,927,337		$	10,808,873		$	10,786,149		$	925,938,007
Additions		—			—			3,353			26,227			29,636			—			28,517			3,815,312			3,903,045
Disposal		—			—			—			(164,374	)		(3,640,158	)		(33,776	)		(42,105	)		—			(3,880,413	)
Effect of foreign exchange differences		—			—			—			78			56,894			58			3,531			4,844			65,405
Others		(89,232	)		1,239			146,163			31,785			5,242,886			—			64,103			(5,357,263	)		39,681

Balance on March 31, 2022	$	102,555,482		$	1,662,867		$	71,507,552		$	11,110,764		$	715,223,480		$	3,893,619		$	10,862,919		$	9,249,042		$	926,065,725

Accumulated depreciation and impairment
Balance on January 1, 2022	$	—		$	(1,441,612	)	$	(30,577,570	)	$	(9,632,046	)	$	(590,533,289	)	$	(3,698,978	)	$	(8,205,324	)	$	—		$	(644,088,819	)
Depreciation expenses		—			(10,157	)		(356,721	)		(172,013	)		(6,337,429	)		(19,625	)		(175,980	)		—			(7,071,925	)
Disposal		—			—			—			164,272			3,636,779			33,776			42,101			—			3,876,928
Effect of foreign exchange differences		—			—			—			(73	)		(29,766	)		(30	)		(2,173	)		—			(32,042	)
Others		—			—			(82,484	)		(3,535	)		(3,765	)		(95	)		271			—			(89,608	)

Balance on March 31, 2022	$	—		$	(1,451,769	)	$	(31,016,775	)	$	(9,643,395	)	$	(593,267,470	)	$	(3,684,952	)	$	(8,341,105	)	$	—		$	(647,405,466	)

Balance on January 1, 2022, net	$	102,644,714		$	220,016		$	40,780,466		$	1,585,002		$	123,000,933		$	228,359		$	2,603,549		$	10,786,149		$	281,849,188

Balance on March 31, 2022, net	$	102,555,482		$	211,098		$	40,490,777		$	1,467,369		$	121,956,010		$	208,667		$	2,521,814		$	9,249,042		$	278,660,259

Cost
Balance on January 1, 2023	$	103,663,528		$	1,675,255		$	72,529,774		$	11,088,877		$	720,068,323		$	3,971,039		$	11,467,527		$	14,427,497		$	938,891,820
Additions		95,567			—			6,496			21,840			8,158			464			32,269			3,970,084			4,134,878
Disposal		(1,672	)		—			—			(315,873	)		(5,426,631	)		(39,700	)		(74,277	)		—			(5,858,153	)
Effect of foreign exchange differences		—			—			—			(13	)		(32,722	)		(21	)		148			(3,251	)		(35,859	)
Others		(731,154	)		6,101			(92,843	)		69,050			6,863,623			6,588			231,562			(7,125,883	)		(772,956	)

Balance on March 31, 2023	$	103,026,269		$	1,681,356		$	72,443,427		$	10,863,881		$	721,480,751		$	3,938,370		$	11,657,229		$	11,268,447		$	936,359,730

Accumulated depreciation and impairment
Balance on January 1, 2023	$	—		$	(1,474,085	)	$	(32,263,200	)	$	(9,553,580	)	$	(597,957,285	)	$	(3,672,728	)	$	(8,642,023	)	$	—		$	(653,562,901	)
Depreciation expenses		—			(8,513	)		(362,708	)		(168,062	)		(6,413,695	)		(22,637	)		(205,842	)		—			(7,181,457	)
Disposal		—			—			—			315,851			5,424,939			39,700			74,150			—			5,854,640
Effect of foreign exchange differences		—			—			—			242			17,778			14			(125	)		—			17,909
Others		—			—			(6,614	)		(19,024	)		(13,216	)		(150	)		8,447			—			(30,557	)

Balance on March 31, 2023	$	—		$	(1,482,598	)	$	(32,632,522	)	$	(9,424,573	)	$	(598,941,479	)	$	(3,655,801	)	$	(8,765,393	)	$	—		$	(654,902,366	)

Balance on January 1, 2023, net	$	103,663,528		$	201,170		$	40,266,574		$	1,535,297		$	122,111,038		$	298,311		$	2,825,504		$	14,427,497		$	285,328,919

Balance on March 31, 2023, net	$	103,026,269		$	198,758		$	39,810,905		$	1,439,308		$	122,539,272		$	282,569		$	2,891,836		$	11,268,447		$	281,457,364


Land improvements			10~30 years
Buildings
Main buildings			20~60 years
Other building facilities			3~15 years
Computer equipment			2~8 years
Telecommunications equipment
Telecommunication circuits			2~30 years
Telecommunication machinery and antennas equipment			2~30 years
Transportation equipment			3~10 years
Miscellaneous equipment
Leasehold improvements			1~9 years
Mechanical and air conditioner equipment			3~16 years
Others			1~15 years


Buildings
Main buildings			35~60 years
Other building facilities			3~15 years


Cost
Balance on January 1 and March 31, 2022	$	10,662,596

Accumulated depreciation and impairment
Balance on January 1, 2022	$	(999,958	)
Depreciation expense		(10,547	)

Balance on March 31, 2022	$	(1,010,505	)

Balance on January 1, 2022, net	$	9,662,638

Balance on March 31, 2022, net	$	9,652,091

Cost
Balance on January 1, 2023	$	10,780,029
Reclassification		(799,762	)

Balance on March 31, 2023	$	9,980,267

Accumulated depreciation and impairment
Balance on January 1, 2023	$	(976,168	)
Depreciation expense		(11,064	)

Balance on March 31, 2023	$	(987,232	)

Balance on January 1, 2023, net	$	9,803,861

Balance on March 31, 2023, net	$	8,993,035


	Mobile Broadband Concession			Computer Software			Goodwill			Others			Total
Cost
Balance on January 1, 2022	$	108,338,000		$	3,202,901		$	291,206		$	412,477		$	112,244,584
Additions-acquired separately		—			11,404			—			6,068			17,472
Disposal		—			(62,926	)		—			(899	)		(63,825	)
Effect of foreign exchange differences		—			55			—			15			70
Others		—			300			—			—			300

Balance on March 31, 2022	$	108,338,000		$	3,151,734		$	291,206		$	417,661		$	112,198,601

Accumulated amortization and impairment
Balance on January 1, 2022	$	(25,517,753	)	$	(2,529,941	)	$	(73,624	)	$	(178,183	)	$	(28,299,501	)
Amortization expenses		(1,549,728	)		(76,912	)		—			(7,944	)		(1,634,584	)
Disposal		—			62,926			—			899			63,825
Effect of foreign exchange differences		—			(28	)		—			(3	)		(31	)

Balance on March 31, 2022	$	(27,067,481	)	$	(2,543,955	)	$	(73,624	)	$	(185,231	)	$	(29,870,291	)

Balance on January 1, 2022, net	$	82,820,247		$	672,960		$	217,582		$	234,294		$	83,945,083

Balance on March 31, 2022, net	$	81,270,519		$	607,779		$	217,582		$	232,430		$	82,328,310


	Change in Value of Hedged Item Used for Calculating Hedge Ineffectiveness		Accumulated Gain or Loss on Hedging Instruments in Other Equity
Hedged Items			Continuing Hedges		Hedge Accounting no Longer Applied
Cash flow hedge
Forecast equipment purchases	$	11,695	$	1,196	$	—


	Change in Value of Hedged Item Used for Calculating Hedge Ineffectiveness			Accumulated Gain or Loss on Hedging Instruments in Other Equity
Hedged Items				Continuing Hedges		Hedge Accounting no Longer Applied
Cash flow hedge
Forecast equipment purchases	$	(21,177	)	$	12,891	$	—


	Change in Value of Hedged Item Used for Calculating Hedge Ineffectiveness			Accumulated Gain or Loss on Hedging Instruments in Other Equity
Hedged Items				Continuing Hedges		Hedge Accounting no Longer Applied
Cash flow hedge
Forecast equipment purchases	$	(16,341	)	$	8,055	$	—


	Comprehensive Income							Reclassification from Equity to Assets and the Adjusted Line Item
Hedge Transaction	Hedging Gain or Loss Recognized in OCI			Amount of Hedge Ineffectiveness Recognized in Profit or Loss		Line Item in Which Hedge Ineffectiveness is Included		Amount Reclassified to Assets and the Adjusted Line Item		Due to Hedged Future Cash Flows No Longer Expected to Occur
Cash flow hedge
Forecast equipment purchases	$	(11,695	)	$	—		—	$	14,855	$	—
									Construction in progress and equipment to be accepted		Other gains and losses


Issuance	Tranche	Issuance Period	Total Amount		Coupon Rate			Repayment and Interest Payment
2020-1	A	July 2020 to July 2025	$	8,800,000		0.50	%	One-time repayment upon maturity; interest payable annually
	B	July 2020 to July 2027		7,500,000		0.54	%	The same as above
	C	July 2020 to July 2030		3,700,000		0.59	%	The same as above
2021-1	A	April 2021 to April 2026		1,900,000		0.42	%	The same as above
	B	April 2021 to April 2028		4,100,000		0.46	%	The same as above
	C	April 2021 to April 2031		1,000,000		0.50	%	The same as above
2022-1 (Sustainable Bond)	-	March 2022 to March 2027		3,500,000		0.69	%	The same as above


	Warranties			Onerous Contracts			Employee Benefits			Others		Total
Balance on January 1, 2022	$	213,537		$	146,541		$	62,833		$	3,767	$	426,678
Additional / (reversal of) provisions recognized		11,440			(25,060	)		1,617			—		(12,003	)
Used / forfeited during the period		(21,928	)		—			—			—		(21,928	)
Effect of foreign exchange differences		16			—			—			—		16

Balance on March 31, 2022	$	203,065		$	121,481		$	64,450		$	3,767	$	392,763

Balance on January 1, 2023	$	235,308		$	95,201		$	64,776		$	3,767	$	399,052
Additional / (reversal of) provisions recognized		12,201			(3,200	)		299,224			—		308,225
Used / forfeited during the period		(19,306	)		—			(446	)		—		(19,752	)
Effect of foreign exchange differences		3			—			—			—		3

Balance on March 31, 2023	$	228,206		$	92,001		$	363,554		$	3,767	$	687,528


	Share Premium		Movements of Additional Paid-in Capital for Associates and Joint Ventures Accounted for Using Equity Method			Movements of Additional Paid-in Capital Arising from Changes in Equities of Subsidiaries		Difference between Consideration Received and Carrying Amount of the Subsidiaries’ Net Assets upon Disposal		Donated Capital		Stockholders’ Contribution due to Privatization		Total
Balance on January 1, 2022	$	147,329,386	$	186,391		$	2,104,672	$	987,611	$	23,487	$	20,648,078	$	171,279,625
Change in additional paid-in capital from investments in associates and joint ventures accounted for using equity method		—		(1,159	)		—		—		—		—		(1,159	)
Share-based payment transactions of subsidiaries		—		—			13,147		—		—		—		13,147

Balance on March 31, 2022	$	147,329,386	$	185,232		$	2,117,819	$	987,611	$	23,487	$	20,648,078	$	171,291,613

Balance on January 1, 2023	$	147,329,386	$	173,672		$	2,137,032	$	987,611	$	25,119	$	20,648,078	$	171,300,898
Share-based payment transactions of subsidiaries		—		—			8,900		—		—		—		8,900

Balance on March 31, 2023	$	147,329,386	$	173,672		$	2,145,932	$	987,611	$	25,119	$	20,648,078	$	171,309,798


	Appropriation of Earnings					Dividends Per Share (NT$)
	For Fiscal Year 2022			For Fiscal Year 2021		For Fiscal Year 2022		For Fiscal Year 2021
Provision for (reversal of) special reserve	$	(185,066	)	$	408,150
Cash dividends		36,475,514			35,746,314	$	4.702	$	4.608


	Cash
	2022		2021
Compensation distributed to the employees	$	1,498,374	$	1,429,000
Remuneration paid to the directors		39,480		38,552


	(Thousand Shares)
	Three Months Ended March 31
	2023		2022
Weighted average number of common stocks used to compute the basic earnings per share		7,757,447		7,757,447
Assumed conversion of all dilutive potential common stocks
Employee compensation		9,511		8,421

Weighted average number of common stocks used to compute the diluted earnings per share		7,766,958		7,765,868


Effective Date for Plan Registration	Resolution Date by CHIEF’s Board of Directors		Stock Options Units		Exercise Price (NT$)
2020.09.16		2020.10.26		200.00	$	193.50
						(Original price $ 206.00)
2017.12.18		2018.10.31		50.00		$130.30
						(Original price $147.00)
		2017.12.19		950.00		$124.70
						(Original price $147.00)